Sheridan County, KS · Sold

KS-818546

1251 County Road 392

$935,100

$1,915/ac · 488 ac

Offer report Market this tract

Acreage488 ac

Price per acre$1,915/ac

ZoningResidential

Road accessGravel

UtilitiesOff grid

TopographyMixed

ListedJun 4, 2026

Coordinates39.2646, -100.4037

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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

1 item to verify before you offer.

Risk index

Low risk

Wetlands8.2% of tract

Little to no mapped wetland coverage.

Average slope6.2%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,826 ft of deeded road frontage.

Power5,878 ft away

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

Buildable area425.84 of 488.29 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$739,850

$569,825 – $909,875 · $1,515/ac on 488 ac

Asking vs estimate

+26.4%

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 $935,100

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$422,771

$866/ac · +30.0% target margin

You need $512,329 off asking to hit this margin.

All-in cost$458,707

Net resale$680,662

Projected profit$221,955

ROI+48.4%

Annualized+69.2%

Break-even resale$1,021/ac

Profit if resale lands off target

-20%

$85,823

-10%

$153,889

$221,955

+10%

$290,021

+20%

$358,088

Comparable sales7 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
KS-808797 Gravel · Power at road	585.7	Apr 6, 2026	$1,361,100	2,324	2,119	9.4 mi	84
KS-347716 Dirt · Off grid	267.6	Jul 20, 2026	$397,900	1,487	1,452	11.4 mi	74
KS-318920 Dirt · Power at road	640.3	Dec 11, 2025	$614,500	960	1,059	7.8 mi	74
KS-258991 Dirt · Full utilities	674.0	Jul 9, 2025	$1,313,100	1,948	1,821	2.6 mi	73
KS-847304 Gravel · Full utilities	198.6	Jul 27, 2026	$466,400	2,349	1,262	10.7 mi	71
KS-547500 Gravel · Off grid	228.9	Jul 24, 2024	$377,300	1,649	1,434	13.5 mi	62
KS-839909 Gravel · Power at road	1310.7	Apr 21, 2024	$1,366,100	1,042	1,318	6.8 mi	60

Show adjustment detail for the top comp

Tract size (585.66 ac → 488.29 ac)+5.7%
Utilities (Power at road → Off grid)-15.0%
Market time (4 mo)+1.5%

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.

Build the listing kit Post a deal or JV