Meade County, SD · Sold

SD-777220

1897 County Road 205

$240,900

$1,172/ac · 206 ac

Offer report Market this tract

Acreage206 ac

Price per acre$1,172/ac

ZoningResidential

Road accessDirt

UtilitiesOff grid

TopographyRolling

ListedNov 22, 2024

Coordinates44.5733, -102.6826

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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

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

View Meade market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index

Low risk

Wetlands5.1% of tract

Little to no mapped wetland coverage.

Average slope9.0%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,556 ft of deeded road frontage.

Power10,750 ft away

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

Buildable area185.30 of 205.54 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$148,220

$116,947 – $179,492 · $721/ac on 206 ac

Asking vs estimate

+62.5%

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 $240,900

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$84,697

$412/ac · +30.0% target margin

You need $156,203 off asking to hit this margin.

All-in cost$91,896

Net resale$136,362

Projected profit$44,466

ROI+48.4%

Annualized+69.2%

Break-even resale$486/ac

Profit if resale lands off target

-20%

$17,193

-10%

$30,830

$44,466

+10%

$58,102

+20%

$71,738

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
SD-636543 Dirt · Off grid	125.9	Jul 27, 2026	$90,700	721	633	2.5 mi	84
SD-397986 Dirt · Off grid	358.0	Jul 27, 2026	$188,100	525	618	4.0 mi	82
SD-898081 Gravel · Power at road	383.5	Jul 27, 2026	$387,100	1,009	885	5.3 mi	75
SD-698650 Gravel · Off grid	579.1	Jul 27, 2026	$429,000	741	865	9.8 mi	74
SD-547366 Gravel · Off grid	228.5	Apr 20, 2025	$140,900	617	577	10.4 mi	74
SD-986173 Gravel · Off grid	96.3	Jul 27, 2026	$68,200	708	500	8.8 mi	73
SD-258168 Paved · Off grid	408.5	Oct 30, 2025	$352,400	863	793	6.6 mi	69
SD-798075 Dirt · Power at road	381.9	Mar 26, 2025	$211,200	553	595	4.5 mi	69
SD-467790 Gravel · Full utilities	310.6	Jun 3, 2025	$352,700	1,135	804	10.1 mi	67
SD-286371 Landlocked · Power at road	111.1	Jul 12, 2025	$115,500	1,040	992	7.7 mi	66

Show adjustment detail for the top comp

Tract size (125.86 ac → 205.54 ac)-12.4%

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.

Build the listing kit Post a deal or JV