Morrill County, NE · Sold

NE-435492

4194 County Road 385

$83,500

$1,488/ac · 56.11 ac

Offer report Market this tract

Acreage56.11 ac

Price per acre$1,488/ac

ZoningResidential

Road accessLandlocked

UtilitiesOff grid

TopographyFlat

ListedJul 13, 2024

Coordinates41.8267, -103.0312

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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

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

View Morrill market data →

Step 1 · Is this a deal?

Due diligence

5 items to verify before you offer.

Risk index

Moderate risk

Wetlands17.8% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.6%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power1,832 ft away

Service extension needed; get a utility quote.

Buildable area43.82 of 56.11 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$104,898

$85,908 – $123,888 · $1,870/ac on 56.11 ac

Asking vs estimate

-20.4%

Priced below the comp set

Weighted from 9 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 $83,500

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$59,942

$1,068/ac · +30.0% target margin

You need $23,558 off asking to hit this margin.

All-in cost$65,037

Net resale$96,506

Projected profit$31,469

ROI+48.4%

Annualized+69.2%

Break-even resale$1,260/ac

Profit if resale lands off target

-20%

$12,168

-10%

$21,819

$31,469

+10%

$41,120

+20%

$50,771

Comparable sales9 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
NE-875029 Paved · Off grid	40.1	Jul 27, 2026	$138,600	3,454	1,868	6.2 mi	81
NE-354490 Dirt · Full utilities	27.1	Apr 12, 2026	$107,000	3,942	1,932	5.5 mi	76
NE-915796 Dirt · Power at road	69.9	Feb 22, 2025	$202,800	2,899	2,171	5.0 mi	72
NE-444069 Paved · Power at road	20.0	Jul 27, 2026	$74,800	3,739	1,542	3.5 mi	72
NE-695943 Landlocked · Off grid	77.8	Apr 28, 2025	$96,300	1,238	1,403	12.2 mi	71
NE-676312 Dirt · Power at road	101.6	Jun 27, 2026	$314,000	3,089	2,392	13.6 mi	70
NE-546817 Dirt · Off grid	146.5	Oct 3, 2024	$310,300	2,117	2,272	1.0 mi	65
NE-294748 Landlocked · Power at road	32.7	Feb 27, 2024	$69,500	2,125	1,801	8.4 mi	64
NE-146825 Paved · Power at road	147.4	Sep 16, 2024	$313,800	2,129	1,420	1.7 mi	62

Show adjustment detail for the top comp

Tract size (40.12 ac → 56.11 ac)-6.4%
Access (Paved → Landlocked)-42.4%

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