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Rockingham County, VA · Sold

VA-295835

8538 County Road 228

$158,900
$5,154/ac · 30.83 ac
Acreage30.83 ac
Price per acre$5,154/ac
ZoningUnzoned
Road accessGravel
UtilitiesPower at road
TopographyRolling
ListedOct 30, 2024
Coordinates38.5186, -78.8976
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

1 item to verify before you offer.

Risk index
15
Low risk
Wetlands10.4% of tract

Little to no mapped wetland coverage.

Average slope8.3%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

1,426 ft of deeded road frontage.

Power227 ft away

Power at or near the road.

Buildable area26.24 of 30.83 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$178,176
$142,329$214,023 · $5,779/ac on 30.83 ac
Asking vs estimate
-10.8%
Priced below the comp set

Weighted from 10 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 $158,900
Maximum allowable offer
$101,815
$3,302/ac · +30.0% target margin

You need $57,085 off asking to hit this margin.

All-in cost$110,469
Net resale$163,922
Projected profit$53,452
ROI+48.4%
Annualized+69.2%
Break-even resale$3,895/ac
Profit if resale lands off target
-20%
$20,668
-10%
$37,060
0%
$53,452
+10%
$69,845
+20%
$86,237
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
VA-334363
Landlocked · Power at road
10.6Jul 27, 2026$36,5003,4374,4516.0 mi
72
VA-584979
Dirt · Power at road
16.6Jun 25, 2025$72,0004,3454,8613.0 mi
71
VA-896995
Gravel · Power at road
71.4Sep 19, 2025$331,7004,6435,6764.8 mi
71
VA-427209
Gravel · Off grid
83.4May 10, 2026$312,5003,7465,4398.1 mi
70
VA-415406
Gravel · Off grid
22.6Mar 10, 2024$117,7005,2096,4476.0 mi
69
VA-317112
Gravel · Off grid
77.8Apr 11, 2025$452,7005,8228,6902.5 mi
67
VA-555100
Landlocked · Full utilities
18.1Dec 6, 2024$78,7004,3495,2084.8 mi
67
VA-986969
Landlocked · Full utilities
70.1Jan 18, 2025$229,1003,2674,9242.1 mi
65
VA-516690
Dirt · Off grid
57.3Dec 28, 2024$196,3003,4275,6226.8 mi
64
VA-387352
Paved · Off grid
92.5Dec 21, 2024$463,7005,0126,6863.9 mi
60
Show adjustment detail for the top comp
  • Tract size (10.61 ac → 30.83 ac)-12.1%
  • 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.