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Lyman County, SD · Sold

SD-168559

6196 County Road 48

$624,900
$1,153/ac · 542 ac
Acreage542 ac
Price per acre$1,153/ac
ZoningUnzoned
Road accessGravel
UtilitiesOff grid
TopographySloped
ListedMay 4, 2024
Coordinates43.8281, -99.8234
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

3 items to verify before you offer.

Risk index
25
Low risk
Wetlands3.5% of tract

Little to no mapped wetland coverage.

Average slope23.3%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

4,019 ft of deeded road frontage.

Power2,938 ft away

Service extension needed; get a utility quote.

Buildable area313.94 of 542.21 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$729,508
$534,681$924,334 · $1,345/ac on 542 ac
Asking vs estimate
-14.3%
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 $624,900
Maximum allowable offer
$416,862
$769/ac · +30.0% target margin

You need $208,038 off asking to hit this margin.

All-in cost$452,295
Net resale$671,147
Projected profit$218,852
ROI+48.4%
Annualized+69.2%
Break-even resale$907/ac
Profit if resale lands off target
-20%
$84,622
-10%
$151,737
0%
$218,852
+10%
$285,967
+20%
$353,081
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
SD-619355
Landlocked · Full utilities
965.1Jul 27, 2026$830,0008601,05410.5 mi
77
SD-829912
Gravel · Full utilities
1444.9Jun 13, 2026$2,327,3001,6111,5301.6 mi
75
SD-347152
Dirt · Off grid
195.7Jul 21, 2026$380,1001,9431,6822.1 mi
75
SD-997788
Paved · Power at road
310.2Nov 30, 2025$468,9001,5129491.5 mi
73
SD-287291
Gravel · Power at road
216.4Feb 25, 2026$295,5001,3669043.1 mi
72
SD-377066
Dirt · Power at road
183.8Jul 27, 2026$382,0002,0781,5024.8 mi
70
SD-667011
Gravel · Power at road
176.7Dec 6, 2024$252,7001,4319403.3 mi
67
SD-799833
Paved · Off grid
1364.5Mar 11, 2025$1,489,5001,0921,3046.5 mi
64
SD-317671
Paved · Power at road
285.0Oct 25, 2024$764,1002,6811,7176.7 mi
63
SD-827727
Dirt · Power at road
296.8Aug 17, 2024$658,3002,2181,9867.6 mi
62
Show adjustment detail for the top comp
  • Tract size (965.15 ac → 542.21 ac)+19.4%
  • Access (Landlocked → Gravel)+47.1%
  • 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.