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Custer County, SD · Sold

SD-403836

1489 County Road 198

$29,200
$1,649/ac · 17.71 ac
Acreage17.71 ac
Price per acre$1,649/ac
ZoningUnzoned
Road accessLandlocked
UtilitiesOff grid
TopographyWooded
ListedApr 14, 2025
Coordinates43.6973, -103.4760
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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

5 items to verify before you offer.

Risk index
47
Moderate risk
Wetlands16.3% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope3.8%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power12,136 ft away

A long utility run — price in solar/off-grid instead.

Buildable area14.08 of 17.71 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$42,997
$34,615$51,379 · $2,428/ac on 17.71 ac
Asking vs estimate
-32.1%
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 $29,200
Maximum allowable offer
$24,570
$1,387/ac · +30.0% target margin

You need $4,630 off asking to hit this margin.

All-in cost$26,658
Net resale$39,557
Projected profit$12,898
ROI+48.4%
Annualized+69.2%
Break-even resale$1,636/ac
Profit if resale lands off target
-20%
$4,987
-10%
$8,943
0%
$12,898
+10%
$16,854
+20%
$20,810
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
SD-933421
Dirt · Off grid
13.1May 21, 2026$42,7003,2602,5201.6 mi
83
SD-503710
Paved · Power at road
16.2Jul 27, 2026$76,8004,7492,3078.2 mi
82
SD-963286
Paved · Power at road
11.9Jul 27, 2026$69,9005,8792,7684.1 mi
80
SD-983088
Gravel · Power at road
10.3Jul 27, 2026$43,9004,2652,3416.3 mi
76
SD-474986
Gravel · Off grid
40.7Jul 27, 2026$146,0003,5832,7704.2 mi
75
SD-543033
Dirt · Off grid
9.9Jun 2, 2025$20,4002,0561,6135.4 mi
70
SD-582549
Paved · Off grid
7.0May 9, 2025$34,3004,9242,7552.8 mi
66
SD-395115
Dirt · Power at road
44.7Jun 10, 2025$81,6001,8251,4862.3 mi
65
SD-485233
Gravel · Power at road
48.7Dec 15, 2024$206,5004,2393,0772.7 mi
62
SD-695522
Dirt · Power at road
60.1May 15, 2024$175,9002,9282,6406.6 mi
56
Show adjustment detail for the top comp
  • Tract size (13.11 ac → 17.71 ac)-3.2%
  • Access (Dirt → Landlocked)-20.9%
  • Market time (3 mo)+1.0%

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.