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Franklin County, VA · Sold

VA-374404

1588 County Road 251

$47,200
$4,318/ac · 10.93 ac
Acreage10.93 ac
Price per acre$4,318/ac
ZoningUnzoned
Road accessLandlocked
UtilitiesOff grid
TopographyMixed
ListedSep 4, 2023
Coordinates36.9326, -79.7875
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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

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

View Franklin market data →

Step 1 · Is this a deal?

Due diligence

5 items to verify before you offer.

Risk index
45
Moderate risk
Wetlands15.7% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope3.2%

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.

Power6,606 ft away

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

Buildable area8.75 of 10.93 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$53,972
$41,184$66,759 · $4,938/ac on 10.93 ac
Asking vs estimate
-12.5%
Priced below 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 $47,200
Maximum allowable offer
$30,841
$2,822/ac · +30.0% target margin

You need $16,359 off asking to hit this margin.

All-in cost$33,462
Net resale$49,654
Projected profit$16,191
ROI+48.4%
Annualized+69.2%
Break-even resale$3,328/ac
Profit if resale lands off target
-20%
$6,261
-10%
$11,226
0%
$16,191
+10%
$21,157
+20%
$26,122
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
VA-444032
Gravel · Full utilities
8.3Jul 27, 2026$54,0006,4693,0085.5 mi
81
VA-683666
Gravel · Power at road
6.4Jul 27, 2026$53,7008,3804,6768.3 mi
75
VA-354218
Paved · Off grid
9.6Jun 28, 2025$102,90010,7606,42511.4 mi
73
VA-915279
Gravel · Power at road
20.6Mar 24, 2026$199,2009,6636,0774.1 mi
73
VA-123071
Landlocked · Off grid
4.2Dec 2, 2025$28,7006,8906,6954.3 mi
71
VA-692751
Dirt · Power at road
3.3Nov 24, 2025$19,6005,9543,8606.7 mi
67
VA-582684
Gravel · Power at road
3.1Feb 20, 2026$28,3008,9954,9591.5 mi
67
VA-303896
Gravel · Off grid
7.6Aug 9, 2024$42,2005,5703,9988.4 mi
67
VA-955403
Dirt · Power at road
22.6Jun 29, 2024$152,0006,7405,3469.4 mi
60
VA-585896
Paved · Power at road
32.2Dec 13, 2024$235,8007,3174,38610.4 mi
57
Show adjustment detail for the top comp
  • Tract size (8.35 ac → 10.93 ac)-2.1%
  • Access (Gravel → Landlocked)-32.0%
  • Utilities (Full utilities → Off grid)-30.3%

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.