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Gregory County, SD · Sold

SD-148423

2071 County Road 298

$604,600
$1,231/ac · 491 ac
Acreage491 ac
Price per acre$1,231/ac
ZoningAgricultural
Road accessLandlocked
UtilitiesOff grid
TopographyFlat
ListedNov 18, 2023
Coordinates43.2218, -99.1912
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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

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

View Gregory market data →

Step 1 · Is this a deal?

Due diligence

5 items to verify before you offer.

Risk index
60
High risk
Wetlands30.2% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope3.5%

Gentle grade, straightforward to develop.

Flood zoneA

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

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power7,390 ft away

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

Buildable area325.80 of 491.33 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$585,391
$493,683$677,099 · $1,191/ac on 491 ac
Asking vs estimate
+3.3%
In line with the comp set

Weighted from 6 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 $604,600
Maximum allowable offer
$334,509
$681/ac · +30.0% target margin

You need $270,091 off asking to hit this margin.

All-in cost$362,942
Net resale$538,560
Projected profit$175,617
ROI+48.4%
Annualized+69.2%
Break-even resale$803/ac
Profit if resale lands off target
-20%
$67,906
-10%
$121,762
0%
$175,617
+10%
$229,473
+20%
$283,329
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
SD-128354
Paved · Power at road
467.4Jul 27, 2026$987,6002,1131,0229.7 mi
87
SD-269013
Landlocked · Full utilities
753.4Jun 24, 2025$989,8001,3141,0933.6 mi
74
SD-138274
Dirt · Full utilities
441.1Sep 15, 2025$1,144,2002,5941,43711.1 mi
73
SD-367144
Dirt · Off grid
194.5Feb 23, 2026$426,8002,1941,3513.1 mi
71
SD-569893
Gravel · Power at road
1425.1Sep 7, 2024$2,177,5001,5281,3268.4 mi
61
SD-819966
Gravel · Full utilities
1502.5Dec 24, 2023$1,860,8001,2389212.7 mi
58
Show adjustment detail for the top comp
  • Tract size (467.38 ac → 491.33 ac)-1.5%
  • Access (Paved → Landlocked)-42.4%
  • Utilities (Power at road → Off grid)-15.0%

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.