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Mellette County, SD · Sold

SD-907201

1087 County Road 322

$273,200
$1,348/ac · 203 ac
Acreage203 ac
Price per acre$1,348/ac
ZoningRecreational
Road accessGravel
UtilitiesOff grid
TopographyMixed
ListedFeb 17, 2024
Coordinates43.6700, -100.6847
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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
21
Low risk
Wetlands19.8% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope3.3%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

3,244 ft of deeded road frontage.

Power3,876 ft away

Service extension needed; get a utility quote.

Buildable area154.46 of 202.73 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$428,169
$340,020$516,318 · $2,112/ac on 203 ac
Asking vs estimate
-36.2%
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 $273,200
Maximum allowable offer
$244,668
$1,207/ac · +30.0% target margin

You need $28,532 off asking to hit this margin.

All-in cost$265,465
Net resale$393,916
Projected profit$128,451
ROI+48.4%
Annualized+69.2%
Break-even resale$1,423/ac
Profit if resale lands off target
-20%
$49,668
-10%
$89,059
0%
$128,451
+10%
$167,842
+20%
$207,234
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
SD-338202
Gravel · Off grid
418.6Dec 13, 2025$631,7001,5091,9141.1 mi
76
SD-297738
Paved · Power at road
299.1Jul 19, 2024$748,3002,5022,18910.8 mi
68
SD-979209
Gravel · Power at road
868.3Jul 27, 2026$1,512,5001,7422,28614.3 mi
64
SD-135035
Paved · Off grid
42.2Aug 27, 2024$93,3002,2091,3947.1 mi
55
SD-865061
Gravel · Power at road
43.0Jan 11, 2024$185,7004,3172,8096.2 mi
55
Show adjustment detail for the top comp
  • Tract size (418.65 ac → 202.73 ac)+23.4%
  • Market time (8 mo)+2.8%

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.