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Custer County, SD · Sold

SD-485233

2026 County Road 204

$191,600
$3,932/ac · 48.73 ac
Acreage48.73 ac
Price per acre$3,932/ac
ZoningAgricultural
Road accessGravel
UtilitiesPower at road
TopographyWooded
ListedSep 29, 2024
Coordinates43.6587, -103.4831
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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

Custer County, South Dakota. West River grazing and Black Hills recreational parcels.

View Custer market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
22
Low risk
Wetlands13.6% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.8%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power69 ft away

Power at or near the road.

Buildable area40.00 of 48.73 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$156,977
$114,408$199,546 · $3,221/ac on 48.73 ac
Asking vs estimate
+22.1%
Priced above the comp set

Weighted from 9 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 $191,600
Maximum allowable offer
$89,701
$1,841/ac · +30.0% target margin

You need $101,899 off asking to hit this margin.

All-in cost$97,326
Net resale$144,419
Projected profit$47,093
ROI+48.4%
Annualized+69.3%
Break-even resale$2,171/ac
Profit if resale lands off target
-20%
$18,209
-10%
$32,651
0%
$47,093
+10%
$61,535
+20%
$75,977
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
SD-474986
Gravel · Off grid
40.7Jul 27, 2026$146,0003,5834,0823.4 mi
86
SD-395115
Dirt · Power at road
44.7Jun 10, 2025$81,6001,8252,1904.6 mi
82
SD-706081
Gravel · Full utilities
90.1Jul 27, 2026$352,8003,9183,6845.8 mi
78
SD-396385
Dirt · Power at road
112.3Jul 27, 2026$207,1001,8452,5983.0 mi
76
SD-695522
Dirt · Power at road
60.1May 15, 2024$175,9002,9283,8914.9 mi
72
SD-376032
Dirt · Off grid
86.9Feb 10, 2026$252,4002,9044,6057.4 mi
70
SD-503710
Paved · Power at road
16.2Jul 27, 2026$76,8004,7493,4007.5 mi
70
SD-403836
Landlocked · Off grid
17.7Oct 11, 2025$25,0001,4102,1512.7 mi
66
SD-436191
Paved · Full utilities
97.5Mar 22, 2025$251,7002,5802,2155.9 mi
64
Show adjustment detail for the top comp
  • Tract size (40.74 ac → 48.73 ac)-3.4%
  • 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.