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Dewey County, OK · Sold

OK-599184

5489 County Road 205

$872,900
$1,408/ac · 620 ac
Acreage620 ac
Price per acre$1,408/ac
ZoningMixed Use
Road accessLandlocked
UtilitiesOff grid
TopographyWooded
ListedJan 9, 2024
Coordinates35.9260, -99.1206
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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

Dewey County, Oklahoma. Cross Timbers hunting tracts and cattle ground; mineral rights often severed.

View Dewey market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
42
Moderate risk
Wetlands17.6% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope5.3%

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.

Power712 ft away

Power at or near the road.

Buildable area485.45 of 620.15 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$738,210
$576,837$899,583 · $1,190/ac on 620 ac
Asking vs estimate
+18.2%
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 $872,900
Maximum allowable offer
$421,834
$680/ac · +30.0% target margin

You need $451,066 off asking to hit this margin.

All-in cost$457,690
Net resale$679,153
Projected profit$221,463
ROI+48.4%
Annualized+69.2%
Break-even resale$802/ac
Profit if resale lands off target
-20%
$85,633
-10%
$153,548
0%
$221,463
+10%
$289,379
+20%
$357,294
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
OK-779303
Dirt · Full utilities
676.0Apr 26, 2026$1,350,3001,9981,1444.1 mi
87
OK-729457
Gravel · Off grid
755.8Jul 27, 2026$1,432,2001,8951,37210.6 mi
85
OK-459243
Dirt · Power at road
647.2Jul 27, 2026$971,6001,5011,0249.9 mi
83
OK-768352
Gravel · Full utilities
339.4Jul 27, 2026$1,070,5003,1541,2503.3 mi
81
OK-918454
Gravel · Off grid
365.4Jul 27, 2026$532,5001,4578475.1 mi
79
OK-639463
Paved · Off grid
759.0Nov 19, 2024$1,118,3001,4739699.7 mi
70
OK-708494
Dirt · Off grid
376.2Nov 1, 2025$517,2001,37596612.0 mi
69
OK-537936
Gravel · Off grid
251.1Sep 2, 2025$686,2002,7331,4784.2 mi
67
OK-498775
Gravel · Power at road
461.1Apr 24, 2024$909,3001,9721,1437.5 mi
66
OK-269935
Paved · Power at road
1068.5May 24, 2025$3,139,9002,9391,7908.9 mi
65
Show adjustment detail for the top comp
  • Tract size (675.98 ac → 620.15 ac)+2.7%
  • Access (Dirt → Landlocked)-20.9%
  • Utilities (Full utilities → Off grid)-30.3%
  • Market time (4 mo)+1.3%

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.