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Smith County, MS · Sold

MS-343520

8047 County Road 198

$16,000
$1,786/ac · 8.96 ac
Acreage8.96 ac
Price per acre$1,786/ac
ZoningUnzoned
Road accessLandlocked
UtilitiesOff grid
TopographyFlat
ListedSep 20, 2024
Coordinates32.0758, -89.4897
Loading terrain…
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

Smith County, Mississippi. Deep South timber and deer-lease tracts, consistently the cheapest in the region.

View Smith market data →

Step 1 · Is this a deal?

Due diligence

5 items to verify before you offer.

Risk index
69
High risk
Wetlands39.8% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope0.6%

Gentle grade, straightforward to develop.

Flood zoneAE

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power5,388 ft away

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

Buildable area5.12 of 8.96 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$28,662
$21,041$36,282 · $3,199/ac on 8.96 ac
Asking vs estimate
-44.2%
Priced below the comp set

Weighted from 7 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 $16,000
Maximum allowable offer
$16,378
$1,828/ac · +30.0% target margin

Asking price already clears your margin by $378.

All-in cost$17,770
Net resale$26,369
Projected profit$8,599
ROI+48.4%
Annualized+69.3%
Break-even resale$2,156/ac
Profit if resale lands off target
-20%
$3,325
-10%
$5,962
0%
$8,599
+10%
$11,236
+20%
$13,873
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MS-233192
Landlocked · Full utilities
7.1Nov 2, 2025$19,5002,7541,9508.5 mi
76
MS-973807
Gravel · Full utilities
11.0Sep 1, 2024$74,0006,7013,4935.9 mi
70
MS-272928
Paved · Full utilities
5.8Jul 30, 2024$33,8005,7812,4543.9 mi
67
MS-261908
Dirt · Full utilities
2.8Dec 19, 2024$19,6007,0183,9132.1 mi
61
MS-955255
Gravel · Off grid
31.5Feb 5, 2024$166,0005,2684,5862.7 mi
59
MS-701229
Landlocked · Full utilities
1.7Apr 26, 2024$8,4004,9413,5356.6 mi
54
MS-105403
Dirt · Power at road
35.1Dec 19, 2023$113,3003,2302,8446.0 mi
53
Show adjustment detail for the top comp
  • Tract size (7.07 ac → 8.96 ac)-1.6%
  • Utilities (Full utilities → Off grid)-30.3%
  • Market time (9 mo)+3.3%

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.