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Morrill County, NE · Sold

NE-739033

2049 County Road 152

$947,600
$1,299/ac · 730 ac
Acreage730 ac
Price per acre$1,299/ac
ZoningAgricultural
Road accessGravel
UtilitiesOff grid
TopographyMixed
ListedApr 11, 2025
Coordinates41.6453, -103.0830
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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

1 item to verify before you offer.

Risk index
13
Low risk
Wetlands5.9% of tract

Little to no mapped wetland coverage.

Average slope2.0%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

4,048 ft of deeded road frontage.

Power9,574 ft away

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

Buildable area652.23 of 729.60 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,156,974
$891,597$1,422,352 · $1,586/ac on 730 ac
Asking vs estimate
-18.1%
Priced below 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 $947,600
Maximum allowable offer
$661,128
$906/ac · +30.0% target margin

You need $286,472 off asking to hit this margin.

All-in cost$717,324
Net resale$1,064,416
Projected profit$347,092
ROI+48.4%
Annualized+69.2%
Break-even resale$1,069/ac
Profit if resale lands off target
-20%
$134,209
-10%
$240,651
0%
$347,092
+10%
$453,534
+20%
$559,976
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NE-308812
Gravel · Full utilities
621.7Jan 12, 2026$1,237,8001,9911,3543.9 mi
82
NE-528371
Dirt · Off grid
451.7Jul 27, 2026$672,0001,4881,4996.3 mi
79
NE-438191
Gravel · Full utilities
396.4Jul 27, 2026$890,8002,2471,30413.7 mi
73
NE-379505
Landlocked · Power at road
1027.0Apr 24, 2025$731,4007121,0442.5 mi
72
NE-889300
Dirt · Power at road
885.3Sep 12, 2025$1,650,0001,8642,03111.6 mi
71
NE-478782
Paved · Off grid
608.3Nov 7, 2024$1,445,8002,3772,0479.1 mi
71
NE-908183
Gravel · Power at road
394.1Jul 3, 2025$1,018,1002,5831,90811.5 mi
66
Show adjustment detail for the top comp
  • Tract size (621.67 ac → 729.6 ac)-4.8%
  • Utilities (Full utilities → Off grid)-30.3%
  • Market time (7 mo)+2.5%

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.