← New search
Craven County, NC · Sold

NC-824603

4036 County Road 198

$63,800
$5,051/ac · 12.63 ac
Acreage12.63 ac
Price per acre$5,051/ac
ZoningMixed Use
Road accessLandlocked
UtilitiesOff grid
TopographyMixed
ListedJun 9, 2026
Coordinates35.1373, -77.0447
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

Craven County, North Carolina. Piedmont builder demand plus mountain view lots in the west.

View Craven market data →

Step 1 · Is this a deal?

Due diligence

5 items to verify before you offer.

Risk index
48
Moderate risk
Wetlands12.8% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope7.0%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power11,450 ft away

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

Buildable area10.46 of 12.63 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$60,184
$46,031$74,337 · $4,765/ac on 12.63 ac
Asking vs estimate
+6.0%
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 $63,800
Maximum allowable offer
$34,391
$2,723/ac · +30.0% target margin

You need $29,409 off asking to hit this margin.

All-in cost$37,314
Net resale$55,369
Projected profit$18,055
ROI+48.4%
Annualized+69.2%
Break-even resale$3,211/ac
Profit if resale lands off target
-20%
$6,981
-10%
$12,518
0%
$18,055
+10%
$23,592
+20%
$29,129
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NC-434645
Paved · Power at road
13.0Aug 12, 2024$99,3007,6244,0624.9 mi
73
NC-803236
Dirt · Off grid
4.7Jul 27, 2026$21,3004,5363,3657.2 mi
72
NC-974125
Gravel · Power at road
8.9Jul 5, 2025$93,90010,5146,18010.1 mi
69
NC-156739
Landlocked · Full utilities
59.4Jul 27, 2026$230,5003,8853,4377.0 mi
68
NC-736343
Gravel · Off grid
44.5Feb 8, 2025$311,6006,9956,0504.3 mi
65
NC-132506
Gravel · Off grid
2.8Oct 7, 2025$26,1009,4546,1221.2 mi
65
NC-606370
Gravel · Power at road
45.4Dec 7, 2025$283,8006,2464,4595.1 mi
63
NC-246790
Gravel · Power at road
61.6Aug 4, 2025$370,5006,0174,6345.6 mi
58
Show adjustment detail for the top comp
  • Access (Paved → Landlocked)-42.4%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (24 mo)+8.4%

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.