← New search
Wake County, NC · Sold

NC-631513

4648 County Road 138

$8,600
$6,370/ac · 1.35 ac
Acreage1.35 ac
Price per acre$6,370/ac
ZoningAgricultural
Road accessPaved
UtilitiesPower at road
TopographyFlat
ListedJun 19, 2026
Coordinates35.7176, -78.6663
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
40
Moderate risk
Wetlands39.0% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope1.0%

Gentle grade, straightforward to develop.

Flood zoneAE

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessDeeded frontage

163 ft of deeded road frontage.

Power135 ft away

Power at or near the road.

Buildable area0.78 of 1.35 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$10,137
$9,027$11,248 · $7,509/ac on 1.35 ac
Asking vs estimate
-15.2%
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 $8,600
Maximum allowable offer
$5,793
$4,291/ac · +30.0% target margin

You need $2,807 off asking to hit this margin.

All-in cost$6,285
Net resale$9,326
Projected profit$3,041
ROI+48.4%
Annualized+69.2%
Break-even resale$5,061/ac
Profit if resale lands off target
-20%
$1,176
-10%
$2,108
0%
$3,041
+10%
$3,974
+20%
$4,906
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NC-170887
Dirt · Power at road
0.9Feb 9, 2026$4,2004,8716,7931.6 mi
79
NC-222314
Landlocked · Power at road
2.4Jul 25, 2025$9,6004,0037,3331.3 mi
77
NC-850693
Dirt · Off grid
0.7Jul 27, 2026$4,2005,6479,07910.3 mi
77
NC-510398
Paved · Off grid
0.6Jul 27, 2026$3,3005,4406,3654.2 mi
76
NC-790414
Gravel · Power at road
0.6Dec 24, 2025$3,5005,7446,9082.7 mi
72
NC-511110
Gravel · Full utilities
1.0Jan 4, 2024$8,2008,1518,7197.9 mi
70
NC-122149
Landlocked · Off grid
2.1Mar 21, 2025$6,9003,2347,0466.2 mi
67
NC-460802
Dirt · Full utilities
0.8Mar 25, 2025$5,1006,3257,4875.9 mi
67
NC-900345
Landlocked · Off grid
0.6Sep 24, 2024$2,1003,5577,7776.9 mi
65
NC-303172
Gravel · Off grid
4.5Jan 18, 2026$23,5005,2407,6799.1 mi
62
Show adjustment detail for the top comp
  • Tract size (0.86 ac → 1.35 ac)-0.5%
  • Access (Dirt → Paved)+37.2%
  • Market time (6 mo)+2.2%

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.