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Shelby County, TN · Sold

TN-457314

1840 County Road 6

$470,200
$4,702/ac · 100 ac
Acreage100 ac
Price per acre$4,702/ac
ZoningMixed Use
Road accessDirt
UtilitiesOff grid
TopographySloped
ListedJul 24, 2024
Coordinates35.1368, -89.9944
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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

3 items to verify before you offer.

Risk index
26
Low risk
Wetlands5.9% of tract

Little to no mapped wetland coverage.

Average slope20.1%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,042 ft of deeded road frontage.

Power5,948 ft away

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

Buildable area56.47 of 100.01 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$360,271
$290,398$430,145 · $3,602/ac on 100 ac
Asking vs estimate
+30.5%
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 $470,200
Maximum allowable offer
$205,869
$2,058/ac · +30.0% target margin

You need $264,331 off asking to hit this margin.

All-in cost$223,368
Net resale$331,450
Projected profit$108,082
ROI+48.4%
Annualized+69.3%
Break-even resale$2,428/ac
Profit if resale lands off target
-20%
$41,792
-10%
$74,937
0%
$108,082
+10%
$141,227
+20%
$174,372
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
TN-468443
Paved · Full utilities
226.6Jul 27, 2026$1,271,0005,6093,5488.7 mi
75
TN-749110
Dirt · Power at road
367.4Jul 27, 2026$1,076,6002,9313,5695.0 mi
71
TN-886263
Gravel · Full utilities
46.7Apr 6, 2026$336,1007,1953,6966.2 mi
70
TN-949630
Dirt · Power at road
535.4Jun 28, 2026$985,4001,8402,5186.7 mi
66
TN-135483
Landlocked · Full utilities
26.6Jul 14, 2026$130,8004,9253,3378.1 mi
66
TN-739680
Dirt · Off grid
555.2Nov 10, 2025$1,158,1002,0863,4844.1 mi
65
TN-918709
Gravel · Off grid
274.8Aug 15, 2025$808,0002,9413,46110.1 mi
63
TN-349552
Dirt · Power at road
506.0Oct 10, 2025$1,930,0003,8145,28311.0 mi
63
Show adjustment detail for the top comp
  • Tract size (226.59 ac → 100.01 ac)+24.3%
  • Access (Paved → Dirt)-27.1%
  • Utilities (Full utilities → Off grid)-30.3%

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.