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Caroline County, VA · Sold

VA-516450

2992 County Road 137

$421,300
$8,752/ac · 48.14 ac
Acreage48.14 ac
Price per acre$8,752/ac
ZoningAgricultural
Road accessGravel
UtilitiesOff grid
TopographyRolling
ListedOct 13, 2023
Coordinates37.9724, -77.4564
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

Caroline County, Virginia. Shenandoah and Southside tracts with easement upside.

View Caroline market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index
21
Low risk
Wetlands10.3% of tract

Little to no mapped wetland coverage.

Average slope5.9%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

1,387 ft of deeded road frontage.

Power11,632 ft away

A long utility run — price in solar/off-grid instead.

Buildable area41.02 of 48.14 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$358,166
$257,880$458,453 · $7,440/ac on 48.14 ac
Asking vs estimate
+17.6%
Priced above 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 $421,300
Maximum allowable offer
$204,666
$4,251/ac · +30.0% target margin

You need $216,634 off asking to hit this margin.

All-in cost$222,063
Net resale$329,513
Projected profit$107,450
ROI+48.4%
Annualized+69.3%
Break-even resale$5,014/ac
Profit if resale lands off target
-20%
$41,548
-10%
$74,499
0%
$107,450
+10%
$140,402
+20%
$173,353
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
VA-435905
Dirt · Off grid
32.4Jul 27, 2026$163,2005,0315,4577.4 mi
79
VA-556822
Dirt · Off grid
63.0May 5, 2026$483,0007,6659,5357.4 mi
79
VA-906721
Gravel · Full utilities
58.6Dec 27, 2025$451,9007,7145,7438.8 mi
77
VA-716890
Dirt · Off grid
66.2Dec 18, 2025$560,3008,46210,8088.5 mi
75
VA-225745
Paved · Full utilities
28.9Jul 5, 2026$319,00011,0465,98510.7 mi
73
VA-277394
Paved · Off grid
95.4May 24, 2025$504,7005,2925,4866.1 mi
72
VA-467217
Dirt · Power at road
83.9Apr 29, 2025$455,2005,4266,3795.7 mi
67
VA-995666
Paved · Off grid
27.3Nov 17, 2024$339,70012,45410,2554.7 mi
67
Show adjustment detail for the top comp
  • Tract size (32.43 ac → 48.14 ac)-6.9%
  • Access (Dirt → Gravel)+16.3%

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.