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Shenandoah County, VA · Sold

VA-889274

7241 County Road 397

$1,119,200
$3,006/ac · 372 ac
Acreage372 ac
Price per acre$3,006/ac
ZoningAgricultural
Road accessLandlocked
UtilitiesOff grid
TopographyWooded
ListedAug 18, 2025
Coordinates38.9324, -78.5134
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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

2 items to verify before you offer.

Risk index
28
Low risk
Wetlands0.4% of tract

Little to no mapped wetland coverage.

Average slope4.4%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power4,198 ft away

Service extension needed; get a utility quote.

Buildable area352.30 of 372.33 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,019,217
$851,457$1,186,978 · $2,737/ac on 372 ac
Asking vs estimate
+9.8%
Priced above 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 $1,119,200
Maximum allowable offer
$582,410
$1,564/ac · +30.0% target margin

You need $536,790 off asking to hit this margin.

All-in cost$631,915
Net resale$937,680
Projected profit$305,765
ROI+48.4%
Annualized+69.2%
Break-even resale$1,845/ac
Profit if resale lands off target
-20%
$118,229
-10%
$211,997
0%
$305,765
+10%
$399,533
+20%
$493,301
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
VA-568893
Dirt · Full utilities
282.5Jul 27, 2026$1,552,8005,4962,7995.7 mi
80
VA-459306
Dirt · Full utilities
381.1Apr 25, 2025$1,696,5004,4522,6055.3 mi
76
VA-509414
Paved · Off grid
412.1Aug 12, 2024$1,577,5003,8282,4659.8 mi
76
VA-289366
Gravel · Full utilities
398.0Jul 6, 2024$1,563,5003,9282,0674.4 mi
73
VA-259962
Landlocked · Power at road
612.9Jun 6, 2025$2,075,5003,3863,5125.0 mi
72
VA-258168
Dirt · Full utilities
167.1Jan 23, 2025$1,089,4006,5193,0468.1 mi
61
Show adjustment detail for the top comp
  • Tract size (282.53 ac → 372.33 ac)-7.8%
  • Access (Dirt → Landlocked)-20.9%
  • 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.