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Madison County, AL · Sold

AL-848033

2502 County Road 240

$613,400
$3,643/ac · 168 ac
Acreage168 ac
Price per acre$3,643/ac
ZoningMixed Use
Road accessGravel
UtilitiesFull utilities
TopographyWooded
ListedJul 9, 2025
Coordinates34.7515, -86.4572
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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

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

View Madison market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index
10
Low risk
Wetlands7.9% of tract

Little to no mapped wetland coverage.

Average slope7.8%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,613 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area147.32 of 168.37 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$594,899
$509,017$680,781 · $3,533/ac on 168 ac
Asking vs estimate
+3.1%
In line with the comp set

Weighted from 6 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 $613,400
Maximum allowable offer
$339,942
$2,019/ac · +30.0% target margin

You need $273,458 off asking to hit this margin.

All-in cost$368,837
Net resale$547,307
Projected profit$178,470
ROI+48.4%
Annualized+69.2%
Break-even resale$2,381/ac
Profit if resale lands off target
-20%
$69,009
-10%
$123,739
0%
$178,470
+10%
$233,201
+20%
$287,931
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
AL-798312
Gravel · Power at road
206.1Jul 27, 2026$577,7002,8033,6241.6 mi
88
AL-578525
Gravel · Off grid
240.5Dec 31, 2025$446,4001,8573,0195.9 mi
77
AL-857241
Gravel · Power at road
94.9Jan 20, 2026$268,3002,8283,0464.6 mi
74
AL-288229
Gravel · Full utilities
194.1Mar 19, 2024$562,5002,8993,3196.7 mi
74
AL-648598
Dirt · Full utilities
253.5Dec 29, 2024$710,4002,8023,9037.9 mi
68
AL-819700
Dirt · Power at road
563.3Oct 31, 2024$1,195,7002,1234,5979.9 mi
55
Show adjustment detail for the top comp
  • Tract size (206.08 ac → 168.37 ac)+5.7%
  • Utilities (Power at road → Full utilities)+22.0%

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.