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Niobrara County, WY · Sold

WY-568087

842 County Road 198

$535,600
$1,020/ac · 525 ac
Acreage525 ac
Price per acre$1,020/ac
ZoningMixed Use
Road accessGravel
UtilitiesOff grid
TopographyFlat
ListedJan 14, 2025
Coordinates43.1471, -104.5071
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

Niobrara County, Wyoming. Large grazing tracts and no-zoning recreational subdivisions.

View Niobrara market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
51
Moderate risk
Wetlands44.5% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope2.3%

Gentle grade, straightforward to develop.

Flood zoneAE

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

Legal accessDeeded frontage

4,976 ft of deeded road frontage.

Power8,636 ft away

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

Buildable area276.94 of 525.25 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$612,150
$440,748$783,552 · $1,165/ac on 525 ac
Asking vs estimate
-12.5%
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 $535,600
Maximum allowable offer
$349,800
$666/ac · +30.0% target margin

You need $185,800 off asking to hit this margin.

All-in cost$379,533
Net resale$563,178
Projected profit$183,645
ROI+48.4%
Annualized+69.2%
Break-even resale$785/ac
Profit if resale lands off target
-20%
$71,009
-10%
$127,327
0%
$183,645
+10%
$239,963
+20%
$296,280
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
WY-848578
Landlocked · Off grid
749.6Jul 27, 2026$292,0003906407.0 mi
80
WY-348059
Gravel · Off grid
514.7Nov 12, 2025$763,8001,4841,52212.8 mi
80
WY-607492
Gravel · Power at road
341.3May 8, 2025$465,4001,3631,0739.1 mi
74
WY-446433
Gravel · Off grid
158.5Nov 21, 2025$286,4001,8071,3184.5 mi
69
WY-948576
Gravel · Full utilities
748.5Dec 12, 2023$1,385,6001,8511,5996.8 mi
67
WY-837615
Dirt · Full utilities
373.1Jun 26, 2024$409,0001,0968747.5 mi
66
WY-776858
Paved · Full utilities
215.6May 25, 2025$724,9003,3621,6089.6 mi
65
WY-499748
Dirt · Off grid
1749.6Feb 15, 2024$844,2004839006.3 mi
61
WY-466364
Gravel · Full utilities
150.8Jan 19, 2024$263,1001,7459418.1 mi
56
Show adjustment detail for the top comp
  • Tract size (749.62 ac → 525.25 ac)+11.5%
  • Access (Landlocked → Gravel)+47.1%

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.