Sussex County, DE · Sold

DE-629386

4822 County Road 148

$1,043,700

$4,653/ac · 224 ac

Offer report Market this tract

Acreage224 ac

Price per acre$4,653/ac

ZoningRecreational

Road accessDirt

UtilitiesPower at road

TopographyFlat

ListedApr 22, 2026

Coordinates38.6246, -75.3329

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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

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

Moderate risk

Wetlands40.8% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope1.6%

Gentle grade, straightforward to develop.

Flood zoneAE

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessDeeded frontage

2,872 ft of deeded road frontage.

Power174 ft away

Power at or near the road.

Buildable area126.16 of 224.33 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$1,063,555

$915,008 – $1,212,101 · $4,741/ac on 224 ac

Asking vs estimate

-1.9%

In line with the comp set

Weighted from 8 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 $1,043,700

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$607,745

$2,709/ac · +30.0% target margin

You need $435,955 off asking to hit this margin.

All-in cost$659,403

Net resale$978,470

Projected profit$319,067

ROI+48.4%

Annualized+69.2%

Break-even resale$3,195/ac

Profit if resale lands off target

-20%

$123,373

-10%

$221,220

$319,067

+10%

$416,914

+20%

$514,761

Comparable sales8 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
DE-449536 Paved · Power at road	250.1	Nov 10, 2025	$1,542,400	6,167	4,784	4.8 mi	84
DE-219392 Landlocked · Off grid	225.3	Sep 17, 2025	$714,000	3,169	4,902	9.6 mi	81
DE-647078 Gravel · Off grid	42.1	Jul 27, 2026	$265,900	6,308	4,274	2.9 mi	67
DE-348495 Gravel · Power at road	117.7	Feb 4, 2025	$620,600	5,275	4,056	7.2 mi	65
DE-128241 Gravel · Power at road	97.9	Feb 20, 2025	$589,600	6,024	4,417	5.9 mi	65
DE-947119 Dirt · Power at road	43.4	Apr 6, 2025	$356,100	8,202	5,826	2.1 mi	63
DE-377072 Landlocked · Power at road	42.0	Nov 27, 2024	$180,500	4,301	3,894	8.0 mi	59
DE-547319 Dirt · Power at road	50.2	Nov 27, 2024	$394,200	7,854	5,820	9.2 mi	58

Show adjustment detail for the top comp

Tract size (250.09 ac → 224.33 ac)+3.1%
Access (Paved → Dirt)-27.1%
Market time (9 mo)+3.2%

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