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McPherson County, NE · Sold

NE-264048

4908 County Road 238

$74,500
$3,780/ac · 19.71 ac
Acreage19.71 ac
Price per acre$3,780/ac
ZoningRecreational
Road accessDirt
UtilitiesOff grid
TopographyFlat
ListedOct 10, 2024
Coordinates41.6887, -101.0257
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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

McPherson County, Nebraska. Sandhills grazing and irrigated pivot ground.

View McPherson market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
46
Moderate risk
Wetlands45.5% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope0.4%

Gentle grade, straightforward to develop.

Flood zoneAE

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

Legal accessDeeded frontage

484 ft of deeded road frontage.

Power2,238 ft away

Service extension needed; get a utility quote.

Buildable area10.20 of 19.71 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$88,503
$71,545$105,461 · $4,490/ac on 19.71 ac
Asking vs estimate
-15.8%
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 $74,500
Maximum allowable offer
$50,573
$2,566/ac · +30.0% target margin

You need $23,927 off asking to hit this margin.

All-in cost$54,872
Net resale$81,423
Projected profit$26,551
ROI+48.4%
Annualized+69.3%
Break-even resale$3,026/ac
Profit if resale lands off target
-20%
$10,267
-10%
$18,409
0%
$26,551
+10%
$34,694
+20%
$42,836
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NE-474718
Gravel · Power at road
32.0May 13, 2026$183,4005,7254,5414.9 mi
75
NE-212665
Dirt · Power at road
7.2Jul 9, 2026$47,5006,5655,1095.0 mi
73
NE-844999
Gravel · Off grid
39.3Dec 10, 2025$113,0002,8782,8313.2 mi
72
NE-323518
Gravel · Off grid
13.4Dec 22, 2024$76,0005,6614,9858.3 mi
69
NE-982407
Gravel · Off grid
6.0May 28, 2026$38,6006,4365,0378.8 mi
67
Show adjustment detail for the top comp
  • Tract size (32.03 ac → 19.71 ac)+7.3%
  • Access (Gravel → Dirt)-14.0%
  • Utilities (Power at road → Off grid)-15.0%
  • 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.