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Johnston County, NC · Sold

NC-573118

5477 County Road 386

$38,800
$9,002/ac · 4.31 ac
Acreage4.31 ac
Price per acre$9,002/ac
ZoningAgricultural
Road accessGravel
UtilitiesFull utilities
TopographyMixed
ListedApr 13, 2024
Coordinates35.5671, -78.3454
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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

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

View Johnston market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
27
Low risk
Wetlands13.0% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope9.5%

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.

PowerOn site

Power at or near the road.

Buildable area3.56 of 4.31 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$40,740
$34,844$46,635 · $9,452/ac on 4.31 ac
Asking vs estimate
-4.8%
In line with 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 $38,800
Maximum allowable offer
$23,280
$5,401/ac · +30.0% target margin

You need $15,520 off asking to hit this margin.

All-in cost$25,259
Net resale$37,481
Projected profit$12,222
ROI+48.4%
Annualized+69.2%
Break-even resale$6,370/ac
Profit if resale lands off target
-20%
$4,726
-10%
$8,474
0%
$12,222
+10%
$15,970
+20%
$19,718
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NC-623923
Gravel · Full utilities
7.7Feb 26, 2025$66,3008,5829,3923.2 mi
76
NC-674069
Dirt · Full utilities
8.6Oct 22, 2025$56,6006,5958,2358.3 mi
73
NC-494138
Dirt · Off grid
9.0Jul 26, 2026$51,1005,6689,8817.6 mi
73
NC-973818
Gravel · Power at road
7.2Jul 24, 2025$48,8006,8278,9254.3 mi
72
NC-133624
Gravel · Power at road
6.2Mar 22, 2025$50,3008,09310,6368.3 mi
70
NC-623764
Gravel · Off grid
6.9Jan 2, 2025$37,7005,4828,6005.5 mi
69
NC-992031
Landlocked · Off grid
2.0Oct 15, 2025$8,2004,2078,9856.0 mi
66
NC-362296
Paved · Power at road
2.4Mar 19, 2025$16,5006,9617,4829.5 mi
63
NC-951656
Paved · Off grid
1.5Mar 29, 2025$15,30010,29412,8903.9 mi
61
NC-862042
Paved · Off grid
2.0May 30, 2025$15,5007,8419,80010.8 mi
61
Show adjustment detail for the top comp
  • Tract size (7.72 ac → 4.31 ac)+3.1%
  • Market time (18 mo)+6.2%

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.