Sussex County, DE · Sold

DE-947119

9466 County Road 398

$387,100

$8,915/ac · 43.42 ac

Offer report Market this tract

Acreage43.42 ac

Price per acre$8,915/ac

ZoningUnzoned

Road accessDirt

UtilitiesPower at road

TopographyWooded

ListedSep 29, 2024

Coordinates38.5942, -75.3358

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County GIS boundary

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County market

Sussex County, Delaware. Small coastal-adjacent tracts with strong residential conversion demand.

View Sussex market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index

Low risk

Wetlands16.3% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope5.1%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

483 ft of deeded road frontage.

Power91 ft away

Power at or near the road.

Buildable area34.53 of 43.42 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$327,617

$247,304 – $407,930 · $7,545/ac on 43.42 ac

Asking vs estimate

+18.2%

Priced above the comp set

Weighted from 10 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 $387,100

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$187,210

$4,312/ac · +30.0% target margin

You need $199,890 off asking to hit this margin.

All-in cost$203,123

Net resale$301,407

Projected profit$98,284

ROI+48.4%

Annualized+69.2%

Break-even resale$5,085/ac

Profit if resale lands off target

-20%

$38,003

-10%

$68,144

$98,284

+10%

$128,425

+20%

$158,566

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
DE-647078 Gravel · Off grid	42.1	Jul 27, 2026	$265,900	6,308	6,360	4.4 mi	86
DE-516733 Landlocked · Full utilities	32.8	Jun 11, 2026	$188,400	5,737	5,701	7.6 mi	78
DE-377072 Landlocked · Power at road	42.0	Nov 27, 2024	$180,500	4,301	5,795	9.4 mi	74
DE-547319 Dirt · Power at road	50.2	Nov 27, 2024	$394,200	7,854	8,662	11.3 mi	73
DE-246999 Gravel · Power at road	39.8	Jul 30, 2024	$441,800	11,101	10,201	9.8 mi	71
DE-746348 Landlocked · Power at road	24.8	May 20, 2025	$159,300	6,413	7,772	6.1 mi	69
DE-128241 Gravel · Power at road	97.9	Feb 20, 2025	$589,600	6,024	6,573	7.0 mi	68
DE-885457 Dirt · Full utilities	13.0	Oct 31, 2024	$132,000	10,134	7,528	1.0 mi	63
DE-836019 Landlocked · Power at road	19.6	Nov 8, 2024	$189,400	9,677	11,595	10.1 mi	61
DE-348495 Gravel · Power at road	117.7	Feb 4, 2025	$620,600	5,275	6,037	9.2 mi	60

Show adjustment detail for the top comp

Tract size (42.15 ac → 43.42 ac)-0.6%
Access (Gravel → Dirt)-14.0%
Utilities (Off grid → Power at road)+17.6%

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.

Build the listing kit Post a deal or JV