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Wake County, NC · Sold

NC-825316

8523 County Road 2

$117,600
$5,555/ac · 21.17 ac
Acreage21.17 ac
Price per acre$5,555/ac
ZoningRecreational
Road accessGravel
UtilitiesPower at road
TopographyRolling
ListedNov 5, 2024
Coordinates35.8466, -78.7520
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

No material red flags on the mapped layers.

Risk index
4
Low risk
Wetlands4.1% of tract

Little to no mapped wetland coverage.

Average slope4.8%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,034 ft of deeded road frontage.

Power106 ft away

Power at or near the road.

Buildable area19.29 of 21.17 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$111,683
$91,404$131,962 · $5,276/ac on 21.17 ac
Asking vs estimate
+5.3%
Priced above 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 $117,600
Maximum allowable offer
$63,819
$3,015/ac · +30.0% target margin

You need $53,781 off asking to hit this margin.

All-in cost$69,244
Net resale$102,748
Projected profit$33,505
ROI+48.4%
Annualized+69.2%
Break-even resale$3,555/ac
Profit if resale lands off target
-20%
$12,955
-10%
$23,230
0%
$33,505
+10%
$43,780
+20%
$54,054
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NC-285199
Landlocked · Off grid
19.4Jul 27, 2026$50,7002,6054,4685.8 mi
84
NC-604686
Gravel · Power at road
13.4Jul 27, 2026$67,4005,0294,7816.0 mi
82
NC-154945
Landlocked · Full utilities
16.2May 9, 2026$93,1005,7556,7891.8 mi
81
NC-886079
Gravel · Power at road
36.8Apr 18, 2026$138,0003,7504,1395.3 mi
78
NC-974370
Gravel · Off grid
10.7Jul 27, 2026$62,8005,8836,4455.4 mi
78
NC-404841
Landlocked · Power at road
15.0Jul 17, 2024$39,4002,6274,0322.3 mi
72
NC-644612
Landlocked · Off grid
12.7Dec 7, 2024$41,2003,2455,6756.0 mi
70
NC-774987
Gravel · Off grid
16.7Nov 19, 2024$75,8004,5435,56810.2 mi
70
NC-586497
Gravel · Off grid
49.8Dec 18, 2025$166,3003,3394,6546.2 mi
69
NC-626032
Paved · Off grid
35.6Sep 18, 2025$199,0005,5966,2708.4 mi
68
Show adjustment detail for the top comp
  • Tract size (19.45 ac → 21.17 ac)-1.1%
  • Access (Landlocked → Gravel)+47.1%
  • Utilities (Off grid → Power at road)+17.6%

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.