Cass County, ND · Sold

ND-368254

5132 County Road 232

$592,300

$1,303/ac · 454 ac

Offer report Market this tract

Acreage454 ac

Price per acre$1,303/ac

ZoningUnzoned

Road accessPaved

UtilitiesFull utilities

TopographyFlat

ListedDec 15, 2025

Coordinates46.9461, -97.2372

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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

Cass County, North Dakota. Small-grain ground and prairie pothole hunting land.

View Cass market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index

Moderate risk

Wetlands30.3% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope0.4%

Gentle grade, straightforward to develop.

Flood zoneA

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

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area300.93 of 454.48 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$1,037,976

$781,115 – $1,294,838 · $2,284/ac on 454 ac

Asking vs estimate

-42.9%

Priced below 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 $592,300

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$593,129

$1,305/ac · +30.0% target margin

Asking price already clears your margin by $829.

All-in cost$643,545

Net resale$954,938

Projected profit$311,393

ROI+48.4%

Annualized+69.2%

Break-even resale$1,539/ac

Profit if resale lands off target

-20%

$120,406

-10%

$215,899

$311,393

+10%

$406,887

+20%

$502,381

Comparable sales7 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
ND-457757 Dirt · Full utilities	317.1	Jul 27, 2026	$562,800	1,775	2,194	3.5 mi	82
ND-627925 Landlocked · Off grid	358.1	Mar 22, 2026	$413,800	1,155	2,726	6.8 mi	78
ND-929931 Dirt · Off grid	1531.5	Jun 7, 2026	$656,700	429	1,238	5.6 mi	72
ND-179581 Landlocked · Power at road	1188.5	Mar 3, 2026	$861,500	725	2,101	4.7 mi	68
ND-858791 Gravel · Full utilities	670.6	Oct 9, 2023	$1,297,400	1,935	2,877	3.7 mi	68
ND-437754 Gravel · Power at road	316.4	Jan 29, 2025	$676,000	2,137	2,942	7.9 mi	67
ND-499767 Gravel · Off grid	1359.9	Aug 25, 2025	$1,045,900	769	1,900	6.0 mi	62

Show adjustment detail for the top comp

Tract size (317.07 ac → 454.48 ac)-10.1%
Access (Dirt → Paved)+37.2%

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.

Build the listing kit Post a deal or JV