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Morrill County, NE · Sold

NE-478782

2922 County Road 7

$1,457,500
$2,396/ac · 608 ac
Acreage608 ac
Price per acre$2,396/ac
ZoningResidential
Road accessPaved
UtilitiesOff grid
TopographyFlat
ListedOct 31, 2023
Coordinates41.7289, -102.9469
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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
41
Moderate risk
Wetlands31.6% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope3.2%

Gentle grade, straightforward to develop.

Flood zoneA

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power2,350 ft away

Service extension needed; get a utility quote.

Buildable area395.27 of 608.30 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,141,148
$901,902$1,380,393 · $1,876/ac on 608 ac
Asking vs estimate
+27.7%
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 $1,457,500
Maximum allowable offer
$652,084
$1,072/ac · +30.0% target margin

You need $805,416 off asking to hit this margin.

All-in cost$707,511
Net resale$1,049,856
Projected profit$342,345
ROI+48.4%
Annualized+69.2%
Break-even resale$1,264/ac
Profit if resale lands off target
-20%
$132,374
-10%
$237,359
0%
$342,345
+10%
$447,330
+20%
$552,316
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NE-528371
Dirt · Off grid
451.7Jul 27, 2026$672,0001,4881,8703.8 mi
88
NE-438191
Gravel · Full utilities
396.4Jul 27, 2026$890,8002,2471,6275.5 mi
82
NE-308812
Gravel · Full utilities
621.7Jan 12, 2026$1,237,8001,9911,6895.4 mi
81
NE-889300
Dirt · Power at road
885.3Sep 12, 2025$1,650,0001,8642,5342.7 mi
78
NE-739033
Gravel · Off grid
729.6Nov 17, 2025$965,6001,3231,7039.1 mi
76
NE-908183
Gravel · Power at road
394.1Jul 3, 2025$1,018,1002,5832,3803.3 mi
71
NE-379505
Landlocked · Power at road
1027.0Apr 24, 2025$731,4007121,3027.5 mi
66
Show adjustment detail for the top comp
  • Tract size (451.66 ac → 608.3 ac)-8.6%
  • Access (Dirt → Paved)+37.2%

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.