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Malheur County, OR · Sold

OR-789042

3932 County Road 378

$940,600
$1,582/ac · 594 ac
Acreage594 ac
Price per acre$1,582/ac
ZoningResidential
Road accessLandlocked
UtilitiesFull utilities
TopographyFlat
ListedJun 8, 2025
Coordinates43.2870, -117.5638
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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

Malheur County, Oregon. High-desert lots east of the Cascades, strict land-use rules west.

View Malheur market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
59
High risk
Wetlands33.3% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope3.4%

Gentle grade, straightforward to develop.

Flood zoneAE

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

Legal accessLandlocked

No legal access of record — resale is severely limited.

PowerOn site

Power at or near the road.

Buildable area376.70 of 594.49 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,120,239
$1,001,029$1,239,449 · $1,884/ac on 594 ac
Asking vs estimate
-16.0%
Priced below the comp set

Weighted from 5 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 $940,600
Maximum allowable offer
$640,136
$1,077/ac · +30.0% target margin

You need $300,464 off asking to hit this margin.

All-in cost$694,548
Net resale$1,030,620
Projected profit$336,072
ROI+48.4%
Annualized+69.2%
Break-even resale$1,270/ac
Profit if resale lands off target
-20%
$129,948
-10%
$233,010
0%
$336,072
+10%
$439,134
+20%
$542,196
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
OR-788651
Dirt · Off grid
447.9May 8, 2026$749,4001,6731,7638.5 mi
81
OR-669653
Dirt · Power at road
925.5Nov 3, 2025$1,811,2001,9572,2346.3 mi
71
OR-738111
Gravel · Off grid
302.9May 3, 2026$718,2002,3711,91515.8 mi
67
OR-249378
Gravel · Off grid
758.3Sep 2, 2024$1,097,9001,4481,64714.8 mi
65
OR-787716
Gravel · Full utilities
227.5Apr 26, 2024$750,5003,2991,85312.8 mi
56
Show adjustment detail for the top comp
  • Tract size (447.85 ac → 594.49 ac)-8.2%
  • Access (Dirt → Landlocked)-20.9%
  • Utilities (Off grid → Full utilities)+43.5%
  • Market time (3 mo)+1.1%

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.