Sussex County, DE · Sold

DE-348495

8617 County Road 346

$600,200

$5,102/ac · 118 ac

Offer report Market this tract

Acreage118 ac

Price per acre$5,102/ac

ZoningAgricultural

Road accessGravel

UtilitiesPower at road

TopographySloped

ListedMay 9, 2024

Coordinates38.7201, -75.2784

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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

2 items to verify before you offer.

Risk index

Low risk

Wetlands3.3% of tract

Little to no mapped wetland coverage.

Average slope21.5%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,251 ft of deeded road frontage.

Power161 ft away

Power at or near the road.

Buildable area68.26 of 117.65 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$806,485

$655,462 – $957,509 · $6,855/ac on 118 ac

Asking vs estimate

-25.6%

Priced below the comp set

Weighted from 9 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 $600,200

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$460,849

$3,917/ac · +30.0% target margin

You need $139,351 off asking to hit this margin.

All-in cost$500,021

Net resale$741,967

Projected profit$241,945

ROI+48.4%

Annualized+69.2%

Break-even resale$4,620/ac

Profit if resale lands off target

-20%

$93,552

-10%

$167,749

$241,945

+10%

$316,142

+20%

$390,339

Comparable sales9 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
DE-629386 Dirt · Power at road	224.3	Jul 27, 2026	$899,700	4,010	5,562	7.2 mi	76
DE-128241 Gravel · Power at road	97.9	Feb 20, 2025	$589,600	6,024	6,112	9.1 mi	75
DE-647078 Gravel · Off grid	42.1	Jul 27, 2026	$265,900	6,308	5,914	7.4 mi	72
DE-547319 Dirt · Power at road	50.2	Nov 27, 2024	$394,200	7,854	8,054	4.0 mi	69
DE-219392 Landlocked · Off grid	225.3	Sep 17, 2025	$714,000	3,169	6,783	5.9 mi	68
DE-449536 Paved · Power at road	250.1	Nov 10, 2025	$1,542,400	6,167	6,620	11.2 mi	66
DE-246999 Gravel · Power at road	39.8	Jul 30, 2024	$441,800	11,101	9,485	0.6 mi	66
DE-947119 Dirt · Power at road	43.4	Apr 6, 2025	$356,100	8,202	8,062	9.2 mi	61
DE-377072 Landlocked · Power at road	42.0	Nov 27, 2024	$180,500	4,301	5,388	9.0 mi	60

Show adjustment detail for the top comp

Tract size (224.33 ac → 117.65 ac)+19.0%
Access (Dirt → Gravel)+16.3%

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