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Wake County, NC · Sold

NC-867907

1911 County Road 23

$416,600
$3,012/ac · 138 ac
Acreage138 ac
Price per acre$3,012/ac
ZoningMixed Use
Road accessGravel
UtilitiesOff grid
TopographySloped
ListedOct 27, 2024
Coordinates35.8281, -78.5993
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

3 items to verify before you offer.

Risk index
24
Low risk
Wetlands5.7% of tract

Little to no mapped wetland coverage.

Average slope16.3%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,310 ft of deeded road frontage.

Power8,566 ft away

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

Buildable area104.34 of 138.31 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$477,842
$390,787$564,898 · $3,455/ac on 138 ac
Asking vs estimate
-12.8%
Priced below the comp set

Weighted from 10 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 $416,600
Maximum allowable offer
$273,053
$1,974/ac · +30.0% target margin

You need $143,547 off asking to hit this margin.

All-in cost$296,263
Net resale$439,615
Projected profit$143,352
ROI+48.4%
Annualized+69.2%
Break-even resale$2,328/ac
Profit if resale lands off target
-20%
$55,429
-10%
$99,391
0%
$143,352
+10%
$187,314
+20%
$231,275
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NC-688672
Gravel · Power at road
240.7Jul 27, 2026$777,1003,2283,2027.8 mi
82
NC-838353
Gravel · Full utilities
191.1Jul 27, 2026$940,1004,9203,7498.8 mi
81
NC-158460
Gravel · Full utilities
206.5Jul 27, 2026$697,1003,3772,6297.1 mi
80
NC-689139
Dirt · Off grid
337.6Apr 27, 2026$1,002,2002,9684,4883.0 mi
78
NC-848769
Gravel · Off grid
258.3Oct 5, 2023$663,8002,5703,4212.0 mi
73
NC-727370
Gravel · Power at road
93.7Nov 29, 2024$375,3004,0043,3063.5 mi
72
NC-586497
Gravel · Off grid
49.8Dec 18, 2025$166,3003,3392,70310.3 mi
67
NC-188800
Gravel · Power at road
264.1Aug 10, 2024$1,048,0003,9684,3734.7 mi
67
NC-286304
Landlocked · Off grid
43.3Jun 28, 2025$102,4002,3652,7929.3 mi
60
NC-119112
Paved · Power at road
331.1Dec 29, 2023$1,266,4003,8253,9069.1 mi
56
Show adjustment detail for the top comp
  • Tract size (240.73 ac → 138.31 ac)+16.4%
  • 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.