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Shenandoah County, VA · Sold

VA-509414

9404 County Road 306

$1,491,000
$3,618/ac · 412 ac
Acreage412 ac
Price per acre$3,618/ac
ZoningAgricultural
Road accessPaved
UtilitiesOff grid
TopographyMixed
ListedApr 11, 2024
Coordinates38.8369, -78.6473
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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

Shenandoah County, Virginia. Shenandoah and Southside tracts with easement upside.

View Shenandoah market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
6
Low risk
Wetlands0.9% of tract

Little to no mapped wetland coverage.

Average slope7.0%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,074 ft of deeded road frontage.

Power2,700 ft away

Service extension needed; get a utility quote.

Buildable area387.95 of 412.08 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,969,248
$1,665,200$2,273,295 · $4,779/ac on 412 ac
Asking vs estimate
-24.3%
Priced below the comp set

Weighted from 6 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 $1,491,000
Maximum allowable offer
$1,125,284
$2,731/ac · +30.0% target margin

You need $365,716 off asking to hit this margin.

All-in cost$1,220,933
Net resale$1,811,708
Projected profit$590,775
ROI+48.4%
Annualized+69.2%
Break-even resale$3,220/ac
Profit if resale lands off target
-20%
$228,433
-10%
$409,604
0%
$590,775
+10%
$771,945
+20%
$953,116
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
VA-889274
Landlocked · Off grid
372.3Jan 24, 2026$1,106,9002,9735,1239.8 mi
83
VA-568893
Dirt · Full utilities
282.5Jul 27, 2026$1,552,8005,4964,7124.1 mi
80
VA-459306
Dirt · Full utilities
381.1Apr 25, 2025$1,696,5004,4524,3864.5 mi
76
VA-289366
Gravel · Full utilities
398.0Jul 6, 2024$1,563,5003,9283,4805.9 mi
73
VA-259962
Landlocked · Power at road
612.9Jun 6, 2025$2,075,5003,3865,9136.0 mi
70
VA-258168
Dirt · Full utilities
167.1Jan 23, 2025$1,089,4006,5195,1282.3 mi
64
Show adjustment detail for the top comp
  • Tract size (372.33 ac → 412.08 ac)-3.0%
  • Access (Landlocked → Paved)+73.5%
  • Market time (7 mo)+2.3%

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.