Wicomico County, MD · Sold

MD-339833

8500 County Road 305

$3,362,900

$9,037/ac · 372 ac

Offer report Market this tract

Acreage372 ac

Price per acre$9,037/ac

ZoningMixed Use

Road accessDirt

UtilitiesFull utilities

TopographyRolling

ListedJun 30, 2025

Coordinates38.4469, -75.5318

Loading terrain…

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

1 item to verify before you offer.

Risk index

Low risk

Wetlands3.6% of tract

Little to no mapped wetland coverage.

Average slope9.6%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area340.81 of 372.14 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$4,009,306

$3,117,463 – $4,901,148 · $10,774/ac on 372 ac

Asking vs estimate

-16.1%

Priced below 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 $3,362,900

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$2,291,032

$6,156/ac · +30.0% target margin

You need $1,071,868 off asking to hit this margin.

All-in cost$2,485,770

Net resale$3,688,561

Projected profit$1,202,791

ROI+48.4%

Annualized+69.2%

Break-even resale$7,261/ac

Profit if resale lands off target

-20%

$465,079

-10%

$833,935

$1,202,791

+10%

$1,571,647

+20%

$1,940,504

Comparable sales8 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
MD-619932 Gravel · Power at road	399.8	Jan 4, 2026	$5,090,900	12,733	13,998	8.0 mi	78
MD-898704 Gravel · Off grid	164.3	Aug 29, 2025	$2,177,200	13,256	13,487	8.0 mi	68
MD-627338 Gravel · Off grid	61.1	May 26, 2026	$868,100	14,217	11,012	10.0 mi	64
MD-499011 Dirt · Power at road	205.2	Aug 29, 2024	$2,215,900	10,801	12,013	9.5 mi	64
MD-427361 Dirt · Power at road	62.1	Feb 16, 2026	$750,100	12,082	9,388	12.3 mi	59
MD-397505 Paved · Off grid	68.9	May 10, 2025	$717,600	10,413	7,324	5.2 mi	56
MD-347042 Dirt · Power at road	49.3	Jun 19, 2025	$521,800	10,590	8,057	8.9 mi	55
MD-217333 Paved · Power at road	60.8	May 29, 2024	$866,800	14,247	8,602	10.3 mi	49

Show adjustment detail for the top comp

Tract size (399.81 ac → 372.14 ac)+2.2%
Access (Gravel → Dirt)-14.0%
Utilities (Power at road → Full utilities)+22.0%
Market time (7 mo)+2.6%

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