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Ellis County, OK · Sold

OK-575759

5688 County Road 240

$137,200
$2,645/ac · 51.87 ac
Acreage51.87 ac
Price per acre$2,645/ac
ZoningAgricultural
Road accessDirt
UtilitiesOff grid
TopographyFlat
ListedMay 29, 2024
Coordinates36.2066, -99.6742
Loading terrain…
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

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

View Ellis market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
15
Low risk
Wetlands9.2% of tract

Little to no mapped wetland coverage.

Average slope1.5%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,447 ft of deeded road frontage.

Power9,658 ft away

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

Buildable area44.74 of 51.87 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$107,238
$84,992$129,483 · $2,067/ac on 51.87 ac
Asking vs estimate
+27.9%
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 $137,200
Maximum allowable offer
$61,279
$1,181/ac · +30.0% target margin

You need $75,921 off asking to hit this margin.

All-in cost$66,488
Net resale$98,659
Projected profit$32,171
ROI+48.4%
Annualized+69.2%
Break-even resale$1,393/ac
Profit if resale lands off target
-20%
$12,439
-10%
$22,305
0%
$32,171
+10%
$42,037
+20%
$51,902
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
OK-726104
Dirt · Power at road
66.6Feb 27, 2026$161,2002,4202,21112.7 mi
80
OK-905726
Gravel · Off grid
50.6Nov 29, 2025$115,9002,2892,0179.3 mi
79
OK-716402
Paved · Power at road
82.7Jul 21, 2026$193,0002,3351,6065.3 mi
77
OK-716569
Dirt · Power at road
93.3Jul 27, 2026$209,0002,2412,1768.3 mi
77
OK-265938
Paved · Power at road
59.1Jan 10, 2025$169,9002,8771,9541.2 mi
76
OK-356475
Gravel · Off grid
87.1Jan 10, 2025$144,5001,6591,7075.3 mi
73
OK-556908
Landlocked · Power at road
119.2Jul 27, 2026$175,6001,4731,9237.3 mi
71
OK-577350
Gravel · Power at road
164.3Jul 27, 2026$271,3001,6521,59610.4 mi
71
OK-374769
Landlocked · Power at road
25.3Jul 29, 2025$62,6002,4712,4463.0 mi
68
OK-674317
Dirt · Full utilities
18.3Oct 11, 2025$94,7005,1893,1616.3 mi
66
Show adjustment detail for the top comp
  • Tract size (66.6 ac → 51.87 ac)+5.4%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (6 mo)+1.9%

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.