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Lyman County, SD · Sold

SD-506479

7220 County Road 202

$291,000
$2,422/ac · 120 ac
Acreage120 ac
Price per acre$2,422/ac
ZoningUnzoned
Road accessPaved
UtilitiesOff grid
TopographyRolling
ListedJul 8, 2024
Coordinates43.9470, -99.8721
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

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

View Lyman market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
20
Low risk
Wetlands12.9% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope4.6%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

2,337 ft of deeded road frontage.

Power6,928 ft away

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

Buildable area99.43 of 120.16 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$259,151
$192,386$325,916 · $2,157/ac on 120 ac
Asking vs estimate
+12.3%
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 $291,000
Maximum allowable offer
$148,086
$1,232/ac · +30.0% target margin

You need $142,914 off asking to hit this margin.

All-in cost$160,673
Net resale$238,419
Projected profit$77,745
ROI+48.4%
Annualized+69.3%
Break-even resale$1,453/ac
Profit if resale lands off target
-20%
$30,062
-10%
$53,904
0%
$77,745
+10%
$101,587
+20%
$125,429
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
SD-715805
Gravel · Full utilities
73.7Jul 27, 2026$213,2002,8912,1166.9 mi
81
SD-896610
Landlocked · Full utilities
132.1Jul 5, 2026$183,0001,3851,72410.3 mi
80
SD-377066
Dirt · Power at road
183.8Jul 27, 2026$382,0002,0782,7203.9 mi
79
SD-347152
Dirt · Off grid
195.7Jul 21, 2026$380,1001,9433,0467.6 mi
78
SD-667011
Gravel · Power at road
176.7Dec 6, 2024$252,7001,4311,7027.8 mi
71
SD-287291
Gravel · Power at road
216.4Feb 25, 2026$295,5001,3661,63610.9 mi
69
SD-545000
Dirt · Full utilities
41.2Jan 30, 2025$105,0002,5512,0440.6 mi
68
SD-525095
Paved · Off grid
44.1Apr 15, 2024$84,0001,9041,6685.3 mi
67
SD-997788
Paved · Power at road
310.2Nov 30, 2025$468,9001,5121,7197.6 mi
67
SD-317671
Paved · Power at road
285.0Oct 25, 2024$764,1002,6813,1083.4 mi
65
Show adjustment detail for the top comp
  • Tract size (73.74 ac → 120.16 ac)-11.2%
  • Access (Gravel → Paved)+18.0%
  • Utilities (Full utilities → Off grid)-30.3%

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.