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Morrill County, NE · Sold

NE-695943

7866 County Road 287

$109,200
$1,404/ac · 77.79 ac
Acreage77.79 ac
Price per acre$1,404/ac
ZoningRecreational
Road accessLandlocked
UtilitiesOff grid
TopographyWooded
ListedMay 5, 2024
Coordinates41.6585, -102.9566
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

2 items to verify before you offer.

Risk index
29
Low risk
Wetlands3.7% of tract

Little to no mapped wetland coverage.

Average slope3.0%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power2,630 ft away

Service extension needed; get a utility quote.

Buildable area71.17 of 77.79 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$141,631
$119,762$163,499 · $1,821/ac on 77.79 ac
Asking vs estimate
-22.9%
Priced below the comp set

Weighted from 8 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 $109,200
Maximum allowable offer
$80,932
$1,040/ac · +30.0% target margin

You need $28,268 off asking to hit this margin.

All-in cost$87,811
Net resale$130,300
Projected profit$42,489
ROI+48.4%
Annualized+69.2%
Break-even resale$1,227/ac
Profit if resale lands off target
-20%
$16,429
-10%
$29,459
0%
$42,489
+10%
$55,519
+20%
$68,549
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NE-676312
Dirt · Power at road
101.6Jun 27, 2026$314,0003,0892,2267.1 mi
79
NE-915796
Dirt · Power at road
69.9Feb 22, 2025$202,8002,8992,02010.7 mi
75
NE-875029
Paved · Off grid
40.1Jul 27, 2026$138,6003,4541,7389.3 mi
74
NE-435492
Landlocked · Off grid
56.1May 30, 2025$88,9001,5851,55012.2 mi
72
NE-354490
Dirt · Full utilities
27.1Apr 12, 2026$107,0003,9421,79810.7 mi
65
NE-546817
Dirt · Off grid
146.5Oct 3, 2024$310,3002,1172,11411.4 mi
62
NE-146825
Paved · Power at road
147.4Sep 16, 2024$313,8002,1291,32212.2 mi
59
NE-294748
Landlocked · Power at road
32.7Feb 27, 2024$69,5002,1251,6769.7 mi
59
Show adjustment detail for the top comp
  • Tract size (101.63 ac → 77.79 ac)+6.6%
  • Access (Dirt → Landlocked)-20.9%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (2 mo)+0.6%

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.