Wicomico County, MD · Sold

MD-499011

4780 County Road 309

$2,258,800

$11,010/ac · 205 ac

Offer report Market this tract

Acreage205 ac

Price per acre$11,010/ac

ZoningUnzoned

Road accessDirt

UtilitiesPower at road

TopographyMixed

ListedFeb 13, 2024

Coordinates38.4373, -75.7061

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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

Wicomico County, Maryland. Eastern Shore farmland and preservation-easement tracts.

View Wicomico market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index

Low risk

Wetlands0.0% of tract

Little to no mapped wetland coverage.

Average slope7.5%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

3,600 ft of deeded road frontage.

Power44 ft away

Power at or near the road.

Buildable area194.90 of 205.16 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$2,100,674

$1,633,222 – $2,568,125 · $10,239/ac on 205 ac

Asking vs estimate

+7.5%

Priced above the comp set

Weighted from 7 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 $2,258,800

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$1,200,385

$5,851/ac · +30.0% target margin

You need $1,058,415 off asking to hit this margin.

All-in cost$1,302,418

Net resale$1,932,620

Projected profit$630,202

ROI+48.4%

Annualized+69.2%

Break-even resale$6,900/ac

Profit if resale lands off target

-20%

$243,678

-10%

$436,940

$630,202

+10%

$823,464

+20%

$1,016,726

Comparable sales7 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
MD-898704 Gravel · Off grid	164.3	Aug 29, 2025	$2,177,200	13,256	13,126	6.4 mi	74
MD-339833 Dirt · Full utilities	372.1	Apr 11, 2026	$3,396,500	9,127	9,012	9.5 mi	73
MD-427361 Dirt · Power at road	62.1	Feb 16, 2026	$750,100	12,082	9,136	6.2 mi	69
MD-619932 Gravel · Power at road	399.8	Jan 4, 2026	$5,090,900	12,733	13,623	11.2 mi	68
MD-397505 Paved · Off grid	68.9	May 10, 2025	$717,600	10,413	7,128	4.3 mi	67
MD-627338 Gravel · Off grid	61.1	May 26, 2026	$868,100	14,217	10,717	8.8 mi	65
MD-217333 Paved · Power at road	60.8	May 29, 2024	$866,800	14,247	8,371	11.8 mi	54

Show adjustment detail for the top comp

Tract size (164.25 ac → 205.16 ac)-5.9%
Access (Gravel → Dirt)-14.0%
Utilities (Off grid → Power at road)+17.6%
Market time (12 mo)+4.0%

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