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Mellette County, SD · Sold

SD-135035

8773 County Road 361

$106,600
$2,525/ac · 42.22 ac
Acreage42.22 ac
Price per acre$2,525/ac
ZoningUnzoned
Road accessPaved
UtilitiesOff grid
TopographySloped
ListedMay 8, 2024
Coordinates43.6104, -100.8004
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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

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

View Mellette market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
30
Low risk
Wetlands0.6% of tract

Little to no mapped wetland coverage.

Average slope17.0%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power8,776 ft away

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

Buildable area33.57 of 42.22 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$135,627
$97,651$173,603 · $3,212/ac on 42.22 ac
Asking vs estimate
-21.4%
Priced below the comp set

Weighted from 6 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 $106,600
Maximum allowable offer
$77,501
$1,836/ac · +30.0% target margin

You need $29,099 off asking to hit this margin.

All-in cost$84,089
Net resale$124,777
Projected profit$40,688
ROI+48.4%
Annualized+69.3%
Break-even resale$2,165/ac
Profit if resale lands off target
-20%
$15,733
-10%
$28,211
0%
$40,688
+10%
$53,166
+20%
$65,644
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
SD-103956
Dirt · Power at road
19.3Jul 27, 2026$37,8001,9572,0248.8 mi
76
SD-865061
Gravel · Power at road
43.0Jan 11, 2024$185,7004,3174,8205.0 mi
72
SD-214148
Dirt · Power at road
22.2Oct 14, 2024$60,0002,7013,0599.0 mi
61
SD-882743
Dirt · Full utilities
8.0Oct 26, 2025$37,4004,6683,7576.4 mi
58
SD-452752
Paved · Full utilities
8.1Jan 12, 2025$41,1005,0913,0838.3 mi
56
SD-907201
Gravel · Off grid
202.7Mar 8, 2024$262,0001,2922,4457.1 mi
53
Show adjustment detail for the top comp
  • Tract size (19.32 ac → 42.22 ac)-11.5%
  • Access (Dirt → Paved)+37.2%
  • Utilities (Power at road → Off grid)-15.0%

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.