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Sheridan County, KS · Sold

KS-808797

5603 County Road 87

$1,377,600
$2,352/ac · 586 ac
Acreage586 ac
Price per acre$2,352/ac
ZoningResidential
Road accessGravel
UtilitiesPower at road
TopographyWooded
ListedJun 11, 2025
Coordinates39.4011, -100.4010
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

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

No material red flags on the mapped layers.

Risk index
8
Low risk
Wetlands5.7% of tract

Little to no mapped wetland coverage.

Average slope7.1%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,713 ft of deeded road frontage.

Power112 ft away

Power at or near the road.

Buildable area524.66 of 585.66 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$961,635
$767,746$1,155,525 · $1,642/ac on 586 ac
Asking vs estimate
+43.3%
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 $1,377,600
Maximum allowable offer
$549,506
$938/ac · +30.0% target margin

You need $828,094 off asking to hit this margin.

All-in cost$596,214
Net resale$884,705
Projected profit$288,491
ROI+48.4%
Annualized+69.2%
Break-even resale$1,107/ac
Profit if resale lands off target
-20%
$111,550
-10%
$200,020
0%
$288,491
+10%
$376,961
+20%
$465,431
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
KS-818546
Gravel · Off grid
488.3Jul 27, 2026$937,0001,9192,1419.4 mi
87
KS-318920
Dirt · Power at road
640.3Dec 11, 2025$614,5009601,1792.0 mi
83
KS-258991
Dirt · Full utilities
674.0Jul 9, 2025$1,313,1001,9482,0287.3 mi
74
KS-847304
Gravel · Full utilities
198.6Jul 27, 2026$466,4002,3491,4054.3 mi
73
KS-347716
Dirt · Off grid
267.6Jul 20, 2026$397,9001,4871,6175.2 mi
73
KS-839909
Gravel · Power at road
1310.7Apr 21, 2024$1,366,1001,0421,4672.7 mi
66
KS-547500
Gravel · Off grid
228.9Jul 24, 2024$377,3001,6491,5976.9 mi
61
Show adjustment detail for the top comp
  • Tract size (488.29 ac → 585.66 ac)-5.4%
  • Utilities (Off grid → Power at road)+17.6%

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.