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Rockingham County, VA · Sold

VA-516690

939 County Road 308

$190,200
$3,321/ac · 57.28 ac
Acreage57.28 ac
Price per acre$3,321/ac
ZoningAgricultural
Road accessDirt
UtilitiesOff grid
TopographyFlat
ListedOct 22, 2023
Coordinates38.5826, -78.9936
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

5 items to verify before you offer.

Risk index
54
Moderate risk
Wetlands38.1% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope2.2%

Gentle grade, straightforward to develop.

Flood zoneAE

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

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power7,488 ft away

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

Buildable area33.68 of 57.28 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$219,038
$174,163$263,912 · $3,824/ac on 57.28 ac
Asking vs estimate
-13.2%
Priced below the comp set

Weighted from 9 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 $190,200
Maximum allowable offer
$125,164
$2,185/ac · +30.0% target margin

You need $65,036 off asking to hit this margin.

All-in cost$135,803
Net resale$201,515
Projected profit$65,712
ROI+48.4%
Annualized+69.3%
Break-even resale$2,577/ac
Profit if resale lands off target
-20%
$25,409
-10%
$45,560
0%
$65,712
+10%
$85,863
+20%
$106,014
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
VA-896995
Gravel · Power at road
71.4Sep 19, 2025$331,7004,6433,6975.9 mi
75
VA-986969
Landlocked · Full utilities
70.1Jan 18, 2025$229,1003,2673,2077.8 mi
74
VA-427209
Gravel · Off grid
83.4May 10, 2026$312,5003,7463,54214.8 mi
74
VA-317112
Gravel · Off grid
77.8Apr 11, 2025$452,7005,8225,6598.4 mi
71
VA-295835
Gravel · Power at road
30.8Nov 15, 2025$144,3004,6803,1446.8 mi
68
VA-387352
Paved · Off grid
92.5Dec 21, 2024$463,7005,0124,35410.7 mi
65
VA-584979
Dirt · Power at road
16.6Jun 25, 2025$72,0004,3453,1669.6 mi
60
VA-415406
Gravel · Off grid
22.6Mar 10, 2024$117,7005,2094,19911.0 mi
57
VA-555100
Landlocked · Full utilities
18.1Dec 6, 2024$78,7004,3493,39211.6 mi
55
Show adjustment detail for the top comp
  • Tract size (71.44 ac → 57.28 ac)+4.9%
  • Access (Gravel → Dirt)-14.0%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (11 mo)+3.8%

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.