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Rutherford County, NC · Sold

NC-473096

5223 County Road 232

$98,600
$23,255/ac · 4.24 ac
Acreage4.24 ac
Price per acre$23,255/ac
ZoningResidential
Road accessPaved
UtilitiesPower at road
TopographyMixed
ListedApr 3, 2025
Coordinates35.3298, -81.8205
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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

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

View Rutherford market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
17
Low risk
Wetlands12.7% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope8.8%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

326 ft of deeded road frontage.

Power48 ft away

Power at or near the road.

Buildable area3.52 of 4.24 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$65,371
$50,939$79,804 · $15,418/ac on 4.24 ac
Asking vs estimate
+50.8%
Priced above 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 $98,600
Maximum allowable offer
$37,355
$8,810/ac · +30.0% target margin

You need $61,245 off asking to hit this margin.

All-in cost$40,530
Net resale$60,142
Projected profit$19,612
ROI+48.4%
Annualized+69.3%
Break-even resale$10,390/ac
Profit if resale lands off target
-20%
$7,583
-10%
$13,597
0%
$19,612
+10%
$25,626
+20%
$31,640
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NC-112881
Gravel · Power at road
3.6Jul 14, 2026$33,4009,20510,83911.2 mi
81
NC-722824
Gravel · Off grid
3.5Jul 27, 2026$35,70010,25514,16511.3 mi
78
NC-463307
Dirt · Off grid
4.9Jul 8, 2025$46,3009,37815,9442.1 mi
77
NC-452809
Dirt · Power at road
3.4Dec 17, 2025$27,9008,12111,36613.0 mi
74
NC-103209
Dirt · Power at road
4.6Apr 15, 2025$51,10011,11216,15513.1 mi
72
NC-862530
Gravel · Off grid
2.8Nov 28, 2025$32,50011,57616,3276.5 mi
72
NC-744024
Landlocked · Power at road
8.3Oct 12, 2025$100,10012,06022,4587.8 mi
69
NC-181657
Dirt · Off grid
1.5Jul 27, 2026$13,2008,86113,9568.6 mi
68
NC-122597
Dirt · Off grid
3.0Nov 3, 2024$24,1008,18414,0264.7 mi
68
NC-541900
Gravel · Power at road
1.8Dec 27, 2024$29,30016,47820,2889.7 mi
65
Show adjustment detail for the top comp
  • Tract size (3.63 ac → 4.24 ac)-0.6%
  • Access (Gravel → Paved)+18.0%
  • Market time (1 mo)+0.4%

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.