Comparable sales & offer analysis
Parcel NC-387239
Iredell County, NC · 85.25 ac · Agricultural · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$525,500
Adjusted value
$524,379
Value range
$435,570–$613,188
Comp $/acre
$6,151/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +0.2% versus the adjusted value.
Offer position
Max allowable offer
$299,645
Offer $/acre
$3,515/ac
Projected profit
$157,314
Annualized ROI
+69.2%
Assumes a 30% target margin, 9-month hold, 4% closing costs, 6% annual carry and 8% selling costs.
Comparable sales
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Match |
|---|---|---|---|---|---|---|
| NC-357929 | 140.5 | Jul 27, 2026 | $484,200 | 3,445 | 4,577 | 82 |
| NC-806865 | 65.0 | Feb 19, 2024 | $325,600 | 5,008 | 7,687 | 75 |
| NC-838848 | 273.5 | Jul 27, 2026 | $1,277,000 | 4,669 | 6,415 | 73 |
| NC-607972 | 145.0 | Sep 20, 2025 | $841,100 | 5,801 | 6,919 | 72 |
| NC-525876 | 31.8 | May 24, 2026 | $203,400 | 6,404 | 5,262 | 67 |
| NC-896359 | 45.1 | Apr 1, 2024 | $365,200 | 8,104 | 5,441 | 64 |
| NC-165995 | 34.6 | Jan 28, 2025 | $218,900 | 6,323 | 5,763 | 64 |
| NC-526026 | 35.4 | Oct 22, 2024 | $230,100 | 6,498 | 7,330 | 59 |
Prepared with LandPilot. Values are model estimates derived from recorded sales and procedural market data, not an appraisal. Verify title, access and zoning independently before contracting.