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Rockingham County, NC · Sold

NC-615769

158 County Road 23

$242,300
$8,244/ac · 29.39 ac
Acreage29.39 ac
Price per acre$8,244/ac
ZoningUnzoned
Road accessLandlocked
UtilitiesFull utilities
TopographyWooded
ListedNov 2, 2025
Coordinates36.3419, -79.8342
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

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

View Rockingham market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
35
Moderate risk
Wetlands7.6% of tract

Little to no mapped wetland coverage.

Average slope9.0%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

PowerOn site

Power at or near the road.

Buildable area25.80 of 29.39 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$229,718
$183,105$276,331 · $7,816/ac on 29.39 ac
Asking vs estimate
+5.5%
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 $242,300
Maximum allowable offer
$131,267
$4,466/ac · +30.0% target margin

You need $111,033 off asking to hit this margin.

All-in cost$142,425
Net resale$211,340
Projected profit$68,916
ROI+48.4%
Annualized+69.3%
Break-even resale$5,267/ac
Profit if resale lands off target
-20%
$26,648
-10%
$47,782
0%
$68,916
+10%
$90,050
+20%
$111,184
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NC-355828
Paved · Off grid
30.7Jul 27, 2026$190,5006,2125,1858.7 mi
83
NC-135718
Paved · Off grid
28.3Apr 10, 2026$224,6007,9326,6197.1 mi
81
NC-394993
Gravel · Full utilities
16.8Jun 14, 2026$203,50012,1507,7082.8 mi
79
NC-386712
Gravel · Full utilities
58.2Jul 27, 2026$729,00012,5279,6892.6 mi
78
NC-835970
Dirt · Full utilities
34.0Dec 25, 2023$351,10010,3289,2925.9 mi
75
NC-976128
Paved · Full utilities
38.1Mar 29, 2025$449,70011,7977,5168.4 mi
71
NC-594426
Gravel · Off grid
11.1Jun 30, 2024$82,9007,4667,0562.9 mi
65
NC-837472
Paved · Off grid
100.9Sep 15, 2025$923,0009,14510,1178.6 mi
59
Show adjustment detail for the top comp
  • Tract size (30.67 ac → 29.39 ac)+0.7%
  • Access (Paved → Landlocked)-42.4%
  • Utilities (Off grid → Full utilities)+43.5%

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.