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Wake County, NC · Sold

NC-727370

5114 County Road 269

$446,800
$4,766/ac · 93.74 ac
Acreage93.74 ac
Price per acre$4,766/ac
ZoningUnzoned
Road accessGravel
UtilitiesPower at road
TopographyRolling
ListedJun 22, 2024
Coordinates35.8473, -78.5422
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
8
Low risk
Wetlands4.0% of tract

Little to no mapped wetland coverage.

Average slope8.7%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

876 ft of deeded road frontage.

Power75 ft away

Power at or near the road.

Buildable area85.49 of 93.74 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$384,528
$314,662$454,395 · $4,102/ac on 93.74 ac
Asking vs estimate
+16.2%
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 $446,800
Maximum allowable offer
$219,730
$2,344/ac · +30.0% target margin

You need $227,070 off asking to hit this margin.

All-in cost$238,407
Net resale$353,766
Projected profit$115,359
ROI+48.4%
Annualized+69.3%
Break-even resale$2,764/ac
Profit if resale lands off target
-20%
$44,606
-10%
$79,982
0%
$115,359
+10%
$150,736
+20%
$186,112
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NC-867907
Gravel · Off grid
138.3Jan 2, 2026$392,9002,8403,7833.5 mi
78
NC-838353
Gravel · Full utilities
191.1Jul 27, 2026$940,1004,9204,86710.2 mi
74
NC-158460
Gravel · Full utilities
206.5Jul 27, 2026$697,1003,3773,41310.0 mi
74
NC-688672
Gravel · Power at road
240.7Jul 27, 2026$777,1003,2284,15710.9 mi
73
NC-886079
Gravel · Power at road
36.8Apr 18, 2026$138,0003,7503,1206.7 mi
73
NC-586497
Gravel · Off grid
49.8Dec 18, 2025$166,3003,3393,50913.7 mi
68
NC-188800
Gravel · Power at road
264.1Aug 10, 2024$1,048,0003,9685,6786.5 mi
62
NC-286304
Landlocked · Off grid
43.3Jun 28, 2025$102,4002,3653,62512.7 mi
61
NC-848769
Gravel · Off grid
258.3Oct 5, 2023$663,8002,5704,4412.8 mi
61
NC-626032
Paved · Off grid
35.6Sep 18, 2025$199,0005,5964,72714.2 mi
59
Show adjustment detail for the top comp
  • Tract size (138.31 ac → 93.74 ac)+10.3%
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (7 mo)+2.6%

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.