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Shelby County, TN · Sold

TN-713351

3218 County Road 361

$48,300
$8,519/ac · 5.67 ac
Acreage5.67 ac
Price per acre$8,519/ac
ZoningResidential
Road accessGravel
UtilitiesOff grid
TopographyMixed
ListedJan 27, 2025
Coordinates35.2149, -89.9116
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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

Shelby County, Tennessee. Cumberland Plateau and Middle Tennessee tracts; retirees and cabin builders.

View Shelby market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
20
Low risk
Wetlands17.3% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope4.2%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

523 ft of deeded road frontage.

Power4,548 ft away

Service extension needed; get a utility quote.

Buildable area4.45 of 5.67 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$34,447
$25,380$43,515 · $6,075/ac on 5.67 ac
Asking vs estimate
+40.2%
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 $48,300
Maximum allowable offer
$19,684
$3,472/ac · +30.0% target margin

You need $28,616 off asking to hit this margin.

All-in cost$21,357
Net resale$31,692
Projected profit$10,335
ROI+48.4%
Annualized+69.3%
Break-even resale$4,094/ac
Profit if resale lands off target
-20%
$3,996
-10%
$7,165
0%
$10,335
+10%
$13,504
+20%
$16,673
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
TN-123843
Paved · Off grid
8.1May 1, 2026$45,7005,6494,9484.5 mi
79
TN-533394
Gravel · Power at road
5.8May 7, 2025$42,6007,2946,5425.0 mi
79
TN-752583
Dirt · Full utilities
3.3Jul 27, 2026$15,9004,8803,8743.9 mi
77
TN-143826
Gravel · Power at road
8.0Nov 20, 2025$45,9005,7465,1374.6 mi
77
TN-853267
Gravel · Off grid
5.3Sep 29, 2024$27,8005,2175,6118.6 mi
76
TN-152620
Dirt · Power at road
3.3May 1, 2025$30,0008,9919,1688.3 mi
70
TN-514275
Paved · Full utilities
11.1Nov 15, 2025$108,1009,7746,2277.0 mi
68
TN-494074
Gravel · Off grid
9.6Nov 20, 2023$41,1004,2914,9475.2 mi
67
TN-532138
Gravel · Off grid
2.4Jun 4, 2024$14,2006,0246,3786.9 mi
63
TN-151748
Dirt · Full utilities
1.8Nov 30, 2023$18,40010,4219,0628.1 mi
54
Show adjustment detail for the top comp
  • Tract size (8.09 ac → 5.67 ac)+2.1%
  • Access (Paved → Gravel)-15.3%
  • Market time (3 mo)+1.2%

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.