Sussex County, DE · Sold

DE-246999

2010 County Road 197

$534,900

$13,440/ac · 39.80 ac

Offer report Market this tract

Acreage39.80 ac

Price per acre$13,440/ac

ZoningMixed Use

Road accessGravel

UtilitiesPower at road

TopographyMixed

ListedMay 7, 2024

Coordinates38.7269, -75.2730

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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

No material red flags on the mapped layers.

Risk index

Low risk

Wetlands9.0% of tract

Little to no mapped wetland coverage.

Average slope7.1%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

973 ft of deeded road frontage.

Power28 ft away

Power at or near the road.

Buildable area34.41 of 39.80 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$349,394

$268,182 – $430,606 · $8,779/ac on 39.80 ac

Asking vs estimate

+53.1%

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 $534,900

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$199,653

$5,016/ac · +30.0% target margin

You need $335,247 off asking to hit this margin.

All-in cost$216,624

Net resale$321,442

Projected profit$104,819

ROI+48.4%

Annualized+69.3%

Break-even resale$5,916/ac

Profit if resale lands off target

-20%

$40,530

-10%

$72,674

$104,819

+10%

$136,963

+20%

$169,107

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	7,516	7.9 mi	90
DE-516733 Landlocked · Full utilities	32.8	Jun 11, 2026	$188,400	5,737	6,737	4.5 mi	82
DE-746348 Landlocked · Power at road	24.8	May 20, 2025	$159,300	6,413	9,185	6.5 mi	74
DE-947119 Dirt · Power at road	43.4	Apr 6, 2025	$356,100	8,202	10,247	9.8 mi	74
DE-547319 Dirt · Power at road	50.2	Nov 27, 2024	$394,200	7,854	10,236	3.9 mi	74
DE-377072 Landlocked · Power at road	42.0	Nov 27, 2024	$180,500	4,301	6,848	9.3 mi	73
DE-836019 Landlocked · Power at road	19.6	Nov 8, 2024	$189,400	9,677	13,702	4.1 mi	70
DE-348495 Gravel · Power at road	117.7	Feb 4, 2025	$620,600	5,275	7,134	0.6 mi	68
DE-128241 Gravel · Power at road	97.9	Feb 20, 2025	$589,600	6,024	7,768	9.6 mi	64
DE-885457 Dirt · Full utilities	13.0	Oct 31, 2024	$132,000	10,134	8,896	9.9 mi	60

Show adjustment detail for the top comp

Tract size (42.15 ac → 39.8 ac)+1.1%
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