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Rockingham County, NC · Sold

NC-993173

3047 County Road 238

$48,100
$10,737/ac · 4.48 ac
Acreage4.48 ac
Price per acre$10,737/ac
ZoningMixed Use
Road accessGravel
UtilitiesPower at road
TopographySloped
ListedJul 10, 2024
Coordinates36.4579, -79.8008
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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

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

2 items to verify before you offer.

Risk index
28
Low risk
Wetlands5.5% of tract

Little to no mapped wetland coverage.

Average slope28.0%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

493 ft of deeded road frontage.

Power194 ft away

Power at or near the road.

Buildable area2.54 of 4.48 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$48,628
$44,738$52,518 · $10,854/ac on 4.48 ac
Asking vs estimate
-1.1%
In line with the comp set

Weighted from 5 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 $48,100
Maximum allowable offer
$27,787
$6,203/ac · +30.0% target margin

You need $20,313 off asking to hit this margin.

All-in cost$30,149
Net resale$44,738
Projected profit$14,589
ROI+48.4%
Annualized+69.3%
Break-even resale$7,315/ac
Profit if resale lands off target
-20%
$5,641
-10%
$10,115
0%
$14,589
+10%
$19,062
+20%
$23,536
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NC-750922
Landlocked · Power at road
0.9Jul 27, 2026$6,6007,52010,6993.8 mi
74
NC-492988
Dirt · Off grid
3.9Jun 14, 2025$30,8007,86611,23110.9 mi
71
NC-394993
Gravel · Full utilities
16.8Jun 14, 2026$203,50012,15011,0575.4 mi
70
NC-622551
Paved · Off grid
2.9Oct 14, 2025$31,10010,87211,0499.4 mi
69
NC-594426
Gravel · Off grid
11.1Jun 30, 2024$82,9007,46610,12211.0 mi
59
Show adjustment detail for the top comp
  • Tract size (0.88 ac → 4.48 ac)-3.5%
  • Access (Landlocked → Gravel)+47.1%

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.