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Covington County, AL · Sold

AL-458565

8122 County Road 16

$296,600
$1,198/ac · 248 ac
Acreage248 ac
Price per acre$1,198/ac
ZoningAgricultural
Road accessDirt
UtilitiesOff grid
TopographyMixed
ListedJun 13, 2024
Coordinates31.3200, -86.4317
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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

Covington County, Alabama. Timber tracts and hunting land across the Black Belt and Appalachian foothills.

View Covington market data →

Step 1 · Is this a deal?

Due diligence

5 items to verify before you offer.

Risk index
29
Low risk
Wetlands13.1% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope4.8%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power8,076 ft away

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

Buildable area204.35 of 247.53 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$414,800
$334,748$494,852 · $1,676/ac on 248 ac
Asking vs estimate
-28.5%
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 $296,600
Maximum allowable offer
$237,029
$958/ac · +30.0% target margin

You need $59,571 off asking to hit this margin.

All-in cost$257,176
Net resale$381,616
Projected profit$124,440
ROI+48.4%
Annualized+69.2%
Break-even resale$1,129/ac
Profit if resale lands off target
-20%
$48,116
-10%
$86,278
0%
$124,440
+10%
$162,601
+20%
$200,763
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
AL-958617
Gravel · Off grid
257.0Jul 26, 2026$649,8002,5282,2035.1 mi
87
AL-479564
Dirt · Off grid
510.4Jul 27, 2026$580,3001,1371,4103.3 mi
84
AL-298866
Dirt · Off grid
307.8Apr 18, 2026$357,5001,1611,2548.2 mi
82
AL-558911
Dirt · Off grid
318.0Dec 29, 2025$545,0001,7141,8915.4 mi
81
AL-468000
Gravel · Power at road
164.4Mar 25, 2025$436,4002,6551,8333.8 mi
74
AL-789439
Gravel · Power at road
466.2Apr 17, 2026$983,1002,1091,88211.0 mi
69
AL-217446
Landlocked · Off grid
110.0Dec 26, 2024$139,2001,2651,37411.0 mi
61
AL-389932
Paved · Full utilities
666.4Dec 22, 2023$1,257,5001,8871,4305.6 mi
57
Show adjustment detail for the top comp
  • Tract size (257.03 ac → 247.53 ac)+1.1%
  • 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.