Comparable sales & offer analysis
Parcel NY-551032
Herkimer County, NY · 1.16 ac · Mixed Use · Gravel · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$4,500
Adjusted value
$6,382
Value range
$5,226–$7,539
Comp $/acre
$5,502/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -29.5% versus the adjusted value.
Offer position
Max allowable offer
$3,647
Offer $/acre
$3,144/ac
Projected profit
$1,915
Annualized ROI
+69.2%
Assumes a 30% target margin, 9-month hold, 4% closing costs, 6% annual carry and 8% selling costs.
Comparable sales
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Match |
|---|---|---|---|---|---|---|
| NY-900967 | 1.1 | May 28, 2026 | $8,500 | 7,624 | 6,230 | 87 |
| NY-830633 | 0.9 | Dec 14, 2025 | $3,900 | 4,473 | 6,742 | 78 |
| NY-450536 | 0.8 | Apr 20, 2026 | $7,200 | 8,914 | 7,293 | 78 |
| NY-151025 | 1.2 | Jul 26, 2024 | $4,200 | 3,593 | 4,539 | 73 |
| NY-801248 | 1.4 | Apr 23, 2024 | $5,700 | 4,199 | 5,771 | 72 |
| NY-602222 | 2.8 | Mar 11, 2026 | $11,000 | 3,991 | 4,801 | 71 |
| NY-550420 | 0.8 | Nov 6, 2025 | $3,600 | 4,853 | 5,113 | 69 |
| NY-881523 | 1.7 | Oct 8, 2024 | $9,200 | 5,554 | 5,114 | 68 |
| NY-462106 | 2.5 | May 24, 2025 | $8,900 | 3,524 | 4,368 | 65 |
| NY-332425 | 3.2 | Dec 17, 2024 | $12,700 | 3,969 | 4,282 | 59 |
Prepared with LandPilot. Values are model estimates derived from recorded sales and procedural market data, not an appraisal. Verify title, access and zoning independently before contracting.