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Rockingham County, VA · Sold

VA-158955

8773 County Road 307

$1,430,500
$4,841/ac · 296 ac
Acreage296 ac
Price per acre$4,841/ac
ZoningAgricultural
Road accessGravel
UtilitiesFull utilities
TopographyWooded
ListedJan 5, 2024
Coordinates38.5069, -78.9278
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, Virginia. Shenandoah and Southside tracts with easement upside.

View Rockingham market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index
7
Low risk
Wetlands9.7% of tract

Little to no mapped wetland coverage.

Average slope2.3%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,828 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area253.50 of 295.51 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,282,751
$985,508$1,579,993 · $4,341/ac on 296 ac
Asking vs estimate
+11.5%
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 $1,430,500
Maximum allowable offer
$733,000
$2,480/ac · +30.0% target margin

You need $697,500 off asking to hit this margin.

All-in cost$795,305
Net resale$1,180,131
Projected profit$384,826
ROI+48.4%
Annualized+69.2%
Break-even resale$2,925/ac
Profit if resale lands off target
-20%
$148,800
-10%
$266,813
0%
$384,826
+10%
$502,839
+20%
$620,852
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
VA-528799
Gravel · Off grid
263.9Dec 19, 2025$994,4003,7685,3785.8 mi
81
VA-958908
Paved · Off grid
285.6Jun 12, 2025$661,0002,3142,9258.7 mi
75
VA-427209
Gravel · Off grid
83.4May 10, 2026$312,5003,7463,8808.7 mi
67
VA-986969
Landlocked · Full utilities
70.1Jan 18, 2025$229,1003,2673,5123.9 mi
64
VA-317112
Gravel · Off grid
77.8Apr 11, 2025$452,7005,8226,1982.1 mi
63
VA-896995
Gravel · Power at road
71.4Sep 19, 2025$331,7004,6434,0496.0 mi
62
VA-387352
Paved · Off grid
92.5Dec 21, 2024$463,7005,0124,7695.0 mi
59
VA-516690
Dirt · Off grid
57.3Dec 28, 2024$196,3003,4274,0106.3 mi
59
Show adjustment detail for the top comp
  • Tract size (263.93 ac → 295.51 ac)-3.2%
  • Utilities (Off grid → Full utilities)+43.5%
  • Market time (8 mo)+2.8%

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.