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Monroe County, AL · Sold

AL-497822

6481 County Road 40

$262,800
$1,819/ac · 145 ac
Acreage145 ac
Price per acre$1,819/ac
ZoningRecreational
Road accessGravel
UtilitiesOff grid
TopographyFlat
ListedAug 6, 2024
Coordinates31.5370, -87.3528
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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

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

View Monroe market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
38
Moderate risk
Wetlands30.2% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope3.1%

Gentle grade, straightforward to develop.

Flood zoneA

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessDeeded frontage

2,856 ft of deeded road frontage.

Power14,516 ft away

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

Buildable area95.82 of 144.50 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$247,751
$202,126$293,375 · $1,715/ac on 145 ac
Asking vs estimate
+6.1%
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 $262,800
Maximum allowable offer
$141,572
$980/ac · +30.0% target margin

You need $121,228 off asking to hit this margin.

All-in cost$153,606
Net resale$227,931
Projected profit$74,325
ROI+48.4%
Annualized+69.2%
Break-even resale$1,155/ac
Profit if resale lands off target
-20%
$28,739
-10%
$51,532
0%
$74,325
+10%
$97,118
+20%
$119,911
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
AL-126843
Dirt · Off grid
71.1Mar 3, 2026$126,1001,7741,7653.3 mi
78
AL-608794
Paved · Off grid
292.2May 28, 2026$406,7001,3921,4482.9 mi
76
AL-178458
Dirt · Power at road
229.1Feb 23, 2024$308,8001,3481,6692.5 mi
71
AL-476199
Dirt · Power at road
44.6Jul 27, 2026$104,4002,3411,7677.0 mi
68
AL-148530
Paved · Full utilities
241.3Apr 3, 2025$440,3001,8241,3128.5 mi
65
AL-799078
Gravel · Off grid
358.9Dec 20, 2024$370,7001,0331,4279.9 mi
63
AL-508977
Dirt · Off grid
333.6Apr 9, 2025$490,9001,4712,28710.6 mi
63
AL-966248
Dirt · Power at road
46.2Jun 15, 2024$121,5002,6312,17610.6 mi
54
Show adjustment detail for the top comp
  • Tract size (71.1 ac → 144.5 ac)-16.0%
  • Access (Dirt → Gravel)+16.3%
  • Market time (5 mo)+1.9%

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.