Perkins County, SD · Sold

SD-648117

2139 County Road 218

$448,600

$1,140/ac · 394 ac

Offer report Market this tract

Acreage394 ac

Price per acre$1,140/ac

ZoningResidential

Road accessDirt

UtilitiesPower at road

TopographyRolling

ListedFeb 8, 2024

Coordinates45.3658, -102.4801

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

Perkins County, South Dakota. West River grazing and Black Hills recreational parcels.

View Perkins market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index

Low risk

Wetlands9.0% of tract

Little to no mapped wetland coverage.

Average slope4.6%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,426 ft of deeded road frontage.

Power47 ft away

Power at or near the road.

Buildable area340.31 of 393.65 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$361,818

$300,153 – $423,484 · $919/ac on 394 ac

Asking vs estimate

+24.0%

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 $448,600

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$206,753

$525/ac · +30.0% target margin

You need $241,847 off asking to hit this margin.

All-in cost$224,327

Net resale$332,873

Projected profit$108,546

ROI+48.4%

Annualized+69.3%

Break-even resale$619/ac

Profit if resale lands off target

-20%

$41,971

-10%

$75,259

$108,546

+10%

$141,833

+20%

$175,120

Comparable sales7 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
SD-177512 Paved · Off grid	254.0	Mar 15, 2026	$343,900	1,354	1,040	8.5 mi	73
SD-996764 Paved · Power at road	147.7	Jul 27, 2026	$198,900	1,346	745	5.6 mi	73
SD-528726 Landlocked · Power at road	611.9	Jan 24, 2026	$389,400	636	941	10.2 mi	72
SD-126682 Dirt · Full utilities	139.2	Jul 27, 2026	$193,100	1,387	849	8.5 mi	71
SD-459647 Landlocked · Power at road	1192.5	Apr 7, 2026	$492,700	413	744	9.6 mi	66
SD-539598 Paved · Full utilities	1150.9	Sep 28, 2025	$1,241,800	1,079	928	14.9 mi	58
SD-599694 Dirt · Off grid	1233.8	Jan 17, 2025	$859,200	696	1,239	14.1 mi	57

Show adjustment detail for the top comp

Tract size (253.96 ac → 393.65 ac)-12.0%
Access (Paved → Dirt)-27.1%
Utilities (Off grid → Power at road)+17.6%
Market time (5 mo)+1.8%

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