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Merced County, CA · Sold

CA-328329

8655 County Road 346

$2,692,300
$8,065/ac · 334 ac
Acreage334 ac
Price per acre$8,065/ac
ZoningMixed Use
Road accessGravel
UtilitiesPower at road
TopographyWooded
ListedAug 28, 2024
Coordinates37.1221, -120.8054
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County GIS boundary

We do not yet have an active public ArcGIS connection for this county. Use the official source link to verify the parcel boundary and flood/zoning layers.

County market

Merced County, California. Wide spread between Central Valley ag ground and buildable foothill parcels.

View Merced market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index
17
Low risk
Wetlands11.0% of tract

Little to no mapped wetland coverage.

Average slope9.9%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

1,479 ft of deeded road frontage.

Power62 ft away

Power at or near the road.

Buildable area282.24 of 333.81 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,682,186
$2,185,306$3,179,066 · $8,035/ac on 334 ac
Asking vs estimate
+0.4%
In line with the comp set

Weighted from 6 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.

AI deal brief

Comps, diligence flags, an offer number and what to ask the seller.

Offer calculatorAsking $2,692,300
Maximum allowable offer
$1,532,678
$4,591/ac · +30.0% target margin

You need $1,159,622 off asking to hit this margin.

All-in cost$1,662,956
Net resale$2,467,611
Projected profit$804,656
ROI+48.4%
Annualized+69.2%
Break-even resale$5,415/ac
Profit if resale lands off target
-20%
$311,133
-10%
$557,894
0%
$804,656
+10%
$1,051,417
+20%
$1,298,178
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
CA-288208
Gravel · Off grid
305.8Oct 22, 2025$1,440,8004,7125,5882.6 mi
83
CA-197644
Gravel · Full utilities
203.2Jul 27, 2026$2,372,70011,6758,31913.5 mi
75
CA-659223
Paved · Power at road
637.9Jul 13, 2025$5,866,3009,1969,9009.6 mi
66
CA-757412
Gravel · Off grid
171.8Feb 7, 2025$1,589,3009,2529,58916.7 mi
61
CA-746799
Landlocked · Off grid
110.2Feb 24, 2025$612,8005,5617,52910.8 mi
61
CA-629866
Landlocked · Full utilities
1016.4May 22, 2025$4,532,1004,4597,9289.6 mi
58
Show adjustment detail for the top comp
  • Tract size (305.8 ac → 333.81 ac)-2.5%
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (10 mo)+3.4%

Step 3 · Market it

Turn this underwriting into a listing

Generate a comp-priced headline, listing description, land-group post and cash-buyer email for this tract — then post it to the investor marketplace.