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Wake County, NC · Sold

NC-848769

8411 County Road 56

$781,900
$3,028/ac · 258 ac
Acreage258 ac
Price per acre$3,028/ac
ZoningMixed Use
Road accessGravel
UtilitiesOff grid
TopographySloped
ListedSep 13, 2023
Coordinates35.8131, -78.5693
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

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
14
Low risk
Wetlands2.9% of tract

Little to no mapped wetland coverage.

Average slope11.9%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,925 ft of deeded road frontage.

Power4,282 ft away

Service extension needed; get a utility quote.

Buildable area238.23 of 258.26 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$774,679
$635,624$913,734 · $3,000/ac on 258 ac
Asking vs estimate
+0.9%
In line with 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 $781,900
Maximum allowable offer
$442,674
$1,714/ac · +30.0% target margin

You need $339,226 off asking to hit this margin.

All-in cost$480,301
Net resale$712,705
Projected profit$232,403
ROI+48.4%
Annualized+69.2%
Break-even resale$2,021/ac
Profit if resale lands off target
-20%
$89,863
-10%
$161,133
0%
$232,403
+10%
$303,674
+20%
$374,944
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NC-688672
Gravel · Power at road
240.7Jul 27, 2026$777,1003,2282,6958.1 mi
90
NC-689139
Dirt · Off grid
337.6Apr 27, 2026$1,002,2002,9683,7784.5 mi
85
NC-867907
Gravel · Off grid
138.3Jan 2, 2026$392,9002,8402,4532.0 mi
82
NC-838353
Gravel · Full utilities
191.1Jul 27, 2026$940,1004,9203,1567.7 mi
82
NC-158460
Gravel · Full utilities
206.5Jul 27, 2026$697,1003,3772,2139.0 mi
82
NC-188800
Gravel · Power at road
264.1Aug 10, 2024$1,048,0003,9683,6823.8 mi
78
NC-727370
Gravel · Power at road
93.7Nov 29, 2024$375,3004,0042,7832.8 mi
64
NC-119112
Paved · Power at road
331.1Dec 29, 2023$1,266,4003,8253,28811.1 mi
64
Show adjustment detail for the top comp
  • Tract size (240.73 ac → 258.26 ac)-2.0%
  • Utilities (Power at road → Off grid)-15.0%

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.