Wake County, NC · Sold

NC-188800

2433 County Road 306

$986,800

$3,736/ac · 264 ac

Offer report Market this tract

Acreage264 ac

Price per acre$3,736/ac

ZoningResidential

Road accessGravel

UtilitiesPower at road

TopographySloped

ListedDec 11, 2023

Coordinates35.7608, -78.5900

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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

Wake County, North Carolina. Piedmont builder demand plus mountain view lots in the west.

View Wake market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index

Low risk

Wetlands3.2% of tract

Little to no mapped wetland coverage.

Average slope25.4%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,250 ft of deeded road frontage.

Power24 ft away

Power at or near the road.

Buildable area153.40 of 264.12 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$895,824

$751,966 – $1,039,682 · $3,392/ac on 264 ac

Asking vs estimate

+10.2%

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 $986,800

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$511,900

$1,938/ac · +30.0% target margin

You need $474,900 off asking to hit this margin.

All-in cost$555,412

Net resale$824,158

Projected profit$268,747

ROI+48.4%

Annualized+69.2%

Break-even resale$2,286/ac

Profit if resale lands off target

-20%

$103,915

-10%

$186,331

$268,747

+10%

$351,163

+20%

$433,579

Comparable sales8 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
NC-688672 Gravel · Power at road	240.7	Jul 27, 2026	$777,100	3,228	3,151	5.1 mi	89
NC-838353 Gravel · Full utilities	191.1	Jul 27, 2026	$940,100	4,920	3,689	4.1 mi	84
NC-158460 Gravel · Full utilities	206.5	Jul 27, 2026	$697,100	3,377	2,587	10.0 mi	81
NC-689139 Dirt · Off grid	337.6	Apr 27, 2026	$1,002,200	2,968	4,416	7.6 mi	77
NC-848769 Gravel · Off grid	258.3	Oct 5, 2023	$663,800	2,570	3,366	3.8 mi	76
NC-867907 Gravel · Off grid	138.3	Jan 2, 2026	$392,900	2,840	2,867	4.7 mi	74
NC-119112 Paved · Power at road	331.1	Dec 29, 2023	$1,266,400	3,825	3,844	11.9 mi	70
NC-727370 Gravel · Power at road	93.7	Nov 29, 2024	$375,300	4,004	3,253	6.5 mi	63

Show adjustment detail for the top comp

Tract size (240.73 ac → 264.12 ac)-2.6%

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.

Build the listing kit Post a deal or JV