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Morrill County, NE · Sold

NE-889300

8487 County Road 306

$1,549,300
$1,750/ac · 885 ac
Acreage885 ac
Price per acre$1,750/ac
ZoningResidential
Road accessDirt
UtilitiesPower at road
TopographyRolling
ListedNov 12, 2024
Coordinates41.7365, -102.8945
Loading terrain…
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

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

View Morrill market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
17
Low risk
Wetlands14.3% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope7.3%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

6,645 ft of deeded road frontage.

Power243 ft away

Power at or near the road.

Buildable area720.77 of 885.30 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,265,424
$991,639$1,539,209 · $1,429/ac on 885 ac
Asking vs estimate
+22.4%
Priced above the comp set

Weighted from 7 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 $1,549,300
Maximum allowable offer
$723,100
$817/ac · +30.0% target margin

You need $826,200 off asking to hit this margin.

All-in cost$784,564
Net resale$1,164,190
Projected profit$379,627
ROI+48.4%
Annualized+69.2%
Break-even resale$963/ac
Profit if resale lands off target
-20%
$146,789
-10%
$263,208
0%
$379,627
+10%
$496,046
+20%
$612,465
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NE-528371
Dirt · Off grid
451.7Jul 27, 2026$672,0001,4881,4286.6 mi
81
NE-438191
Gravel · Full utilities
396.4Jul 27, 2026$890,8002,2471,2435.3 mi
78
NE-478782
Paved · Off grid
608.3Nov 7, 2024$1,445,8002,3771,9512.7 mi
74
NE-379505
Landlocked · Power at road
1027.0Apr 24, 2025$731,40071299510.2 mi
73
NE-308812
Gravel · Full utilities
621.7Jan 12, 2026$1,237,8001,9911,2907.7 mi
73
NE-739033
Gravel · Off grid
729.6Nov 17, 2025$965,6001,3231,30111.6 mi
73
NE-908183
Gravel · Power at road
394.1Jul 3, 2025$1,018,1002,5831,8181.2 mi
70
Show adjustment detail for the top comp
  • Tract size (451.66 ac → 885.3 ac)-18.6%
  • Utilities (Off grid → Power at road)+17.6%

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.