Sheridan County, KS · Sold

KS-258991

225 County Road 32

$1,389,500

$2,061/ac · 674 ac

Offer report Market this tract

Acreage674 ac

Price per acre$2,061/ac

ZoningRecreational

Road accessDirt

UtilitiesFull utilities

TopographyRolling

ListedJun 23, 2024

Coordinates39.2971, -100.3778

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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

Sheridan County, Kansas. Flint Hills grazing and dryland wheat ground; large tracts, thin margins.

View Sheridan market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index

Low risk

Wetlands16.3% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope3.6%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area535.96 of 674.04 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$1,150,527

$875,549 – $1,425,505 · $1,707/ac on 674 ac

Asking vs estimate

+20.8%

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 $1,389,500

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$657,444

$975/ac · +30.0% target margin

You need $732,056 off asking to hit this margin.

All-in cost$713,327

Net resale$1,058,485

Projected profit$345,158

ROI+48.4%

Annualized+69.2%

Break-even resale$1,150/ac

Profit if resale lands off target

-20%

$133,461

-10%

$239,309

$345,158

+10%

$451,006

+20%

$556,855

Comparable sales7 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
KS-318920 Dirt · Power at road	640.3	Dec 11, 2025	$614,500	960	1,185	5.9 mi	82
KS-818546 Gravel · Off grid	488.3	Jul 27, 2026	$937,000	1,919	2,152	2.6 mi	82
KS-808797 Gravel · Power at road	585.7	Apr 6, 2026	$1,361,100	2,324	2,371	7.3 mi	79
KS-347716 Dirt · Off grid	267.6	Jul 20, 2026	$397,900	1,487	1,625	10.3 mi	76
KS-847304 Gravel · Full utilities	198.6	Jul 27, 2026	$466,400	2,349	1,412	9.4 mi	68
KS-839909 Gravel · Power at road	1310.7	Apr 21, 2024	$1,366,100	1,042	1,475	4.6 mi	62
KS-547500 Gravel · Off grid	228.9	Jul 24, 2024	$377,300	1,649	1,605	12.3 mi	54

Show adjustment detail for the top comp

Tract size (640.25 ac → 674.04 ac)-1.6%
Utilities (Power at road → Full utilities)+22.0%
Market time (8 mo)+2.8%

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