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Charlotte County, VA · Sold

VA-277075

8931 County Road 187

$616,800
$8,148/ac · 75.70 ac
Acreage75.70 ac
Price per acre$8,148/ac
ZoningResidential
Road accessDirt
UtilitiesPower at road
TopographyWooded
ListedOct 11, 2023
Coordinates36.9618, -78.5813
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

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

View Charlotte market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index
5
Low risk
Wetlands2.7% of tract

Little to no mapped wetland coverage.

Average slope6.9%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,616 ft of deeded road frontage.

Power145 ft away

Power at or near the road.

Buildable area69.97 of 75.70 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$551,015
$463,990$638,039 · $7,279/ac on 75.70 ac
Asking vs estimate
+11.9%
Priced above the comp set

Weighted from 10 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 $616,800
Maximum allowable offer
$314,865
$4,159/ac · +30.0% target margin

You need $301,935 off asking to hit this margin.

All-in cost$341,629
Net resale$506,933
Projected profit$165,305
ROI+48.4%
Annualized+69.3%
Break-even resale$4,905/ac
Profit if resale lands off target
-20%
$63,918
-10%
$114,612
0%
$165,305
+10%
$215,998
+20%
$266,692
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
VA-287256
Gravel · Power at road
86.3Jul 27, 2026$778,6009,0218,0162.1 mi
87
VA-207298
Dirt · Power at road
89.0Jul 27, 2026$593,2006,6676,9405.4 mi
87
VA-896883
Dirt · Off grid
65.9Jul 27, 2026$541,0008,2149,3875.0 mi
86
VA-826947
Gravel · Power at road
69.0Feb 21, 2026$602,3008,7297,4996.5 mi
86
VA-157441
Dirt · Off grid
98.7Jul 27, 2026$415,7004,2135,2907.0 mi
82
VA-286513
Dirt · Power at road
50.4Mar 17, 2026$450,4008,9408,3327.2 mi
78
VA-687043
Dirt · Off grid
74.0Jul 9, 2025$381,2005,1536,30911.6 mi
77
VA-767778
Gravel · Off grid
126.0Jul 27, 2026$827,7006,5717,54610.7 mi
74
VA-587477
Gravel · Power at road
101.3Sep 22, 2024$726,3007,1707,1361.6 mi
73
VA-125624
Gravel · Off grid
26.5Mar 20, 2026$186,7007,0575,9427.2 mi
66
Show adjustment detail for the top comp
  • Tract size (86.31 ac → 75.7 ac)+3.1%
  • Access (Gravel → Dirt)-14.0%

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.