Wake County, NC · Sold

NC-119112

947 County Road 363

$1,331,600

$4,022/ac · 331 ac

Offer report Market this tract

Acreage331 ac

Price per acre$4,022/ac

ZoningResidential

Road accessPaved

UtilitiesPower at road

TopographyFlat

ListedOct 5, 2023

Coordinates35.8702, -78.7541

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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

3 items to verify before you offer.

Risk index

Low risk

Wetlands15.8% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope1.0%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

2,785 ft of deeded road frontage.

Power95 ft away

Power at or near the road.

Buildable area264.85 of 331.10 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$1,277,662

$1,037,339 – $1,517,985 · $3,859/ac on 331 ac

Asking vs estimate

+4.2%

In line with 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 $1,331,600

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$730,092

$2,205/ac · +30.0% target margin

You need $601,508 off asking to hit this margin.

All-in cost$792,150

Net resale$1,175,449

Projected profit$383,299

ROI+48.4%

Annualized+69.2%

Break-even resale$2,601/ac

Profit if resale lands off target

-20%

$148,209

-10%

$265,754

$383,299

+10%

$500,844

+20%

$618,389

Comparable sales7 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
NC-689139 Dirt · Off grid	337.6	Apr 27, 2026	$1,002,200	2,968	4,880	8.2 mi	81
NC-158460 Gravel · Full utilities	206.5	Jul 27, 2026	$697,100	3,377	2,858	2.0 mi	80
NC-688672 Gravel · Power at road	240.7	Jul 27, 2026	$777,100	3,228	3,482	10.5 mi	79
NC-188800 Gravel · Power at road	264.1	Aug 10, 2024	$1,048,000	3,968	4,756	11.9 mi	72
NC-838353 Gravel · Full utilities	191.1	Jul 27, 2026	$940,100	4,920	4,076	15.4 mi	71
NC-867907 Gravel · Off grid	138.3	Jan 2, 2026	$392,900	2,840	3,169	9.1 mi	65
NC-848769 Gravel · Off grid	258.3	Oct 5, 2023	$663,800	2,570	3,720	11.1 mi	63

Show adjustment detail for the top comp

Tract size (337.64 ac → 331.1 ac)+0.6%
Access (Dirt → Paved)+37.2%
Utilities (Off grid → Power at road)+17.6%
Market time (4 mo)+1.3%

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.

Build the listing kit Post a deal or JV