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Worcester County, MD · Sold

MD-559284

9240 County Road 188

$3,341,200
$13,363/ac · 250 ac
Acreage250 ac
Price per acre$13,363/ac
ZoningMixed Use
Road accessDirt
UtilitiesFull utilities
TopographyRolling
ListedDec 30, 2024
Coordinates38.2255, -75.3263
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

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

View Worcester market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index
13
Low risk
Wetlands9.3% of tract

Little to no mapped wetland coverage.

Average slope9.9%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

4,021 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area215.44 of 250.03 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,530,347
$1,899,039$3,161,655 · $10,120/ac on 250 ac
Asking vs estimate
+32.0%
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 $3,341,200
Maximum allowable offer
$1,445,912
$5,783/ac · +30.0% target margin

You need $1,895,288 off asking to hit this margin.

All-in cost$1,568,815
Net resale$2,327,919
Projected profit$759,105
ROI+48.4%
Annualized+69.2%
Break-even resale$6,820/ac
Profit if resale lands off target
-20%
$293,521
-10%
$526,313
0%
$759,105
+10%
$991,896
+20%
$1,224,688
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MD-229674
Dirt · Full utilities
331.6Mar 6, 2026$1,958,2005,9056,5287.6 mi
85
MD-138652
Gravel · Full utilities
158.2Jul 27, 2026$2,269,40014,34710,8894.8 mi
84
MD-608859
Dirt · Power at road
183.8Jan 10, 2026$1,876,40010,21111,7124.7 mi
83
MD-669226
Gravel · Power at road
239.7Mar 15, 2024$2,873,50011,98613,6892.7 mi
74
MD-738583
Gravel · Power at road
150.5Sep 9, 2025$1,377,9009,1588,6752.8 mi
71
MD-697630
Gravel · Power at road
75.4Nov 9, 2025$1,158,70015,35912,1681.4 mi
66
MD-607940
Gravel · Power at road
94.4Aug 11, 2024$740,5007,8416,8837.1 mi
58
Show adjustment detail for the top comp
  • Tract size (331.65 ac → 250.03 ac)+8.5%
  • Market time (5 mo)+1.9%

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.