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Sheridan County, WY · Sold

WY-239494

4969 County Road 204

$1,284,200
$882/ac · 1,456 ac
Acreage1,456 ac
Price per acre$882/ac
ZoningUnzoned
Road accessPaved
UtilitiesPower at road
TopographyMixed
ListedNov 8, 2025
Coordinates44.8226, -106.7958
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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, Wyoming. Large grazing tracts and no-zoning recreational subdivisions.

View Sheridan market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
14
Low risk
Wetlands10.3% of tract

Little to no mapped wetland coverage.

Average slope7.2%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

5,589 ft of deeded road frontage.

Power184 ft away

Power at or near the road.

Buildable area1240.34 of 1455.54 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,941,830
$1,512,888$2,370,773 · $1,334/ac on 1,456 ac
Asking vs estimate
-33.9%
Priced below 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 $1,284,200
Maximum allowable offer
$1,109,617
$762/ac · +30.0% target margin

You need $174,583 off asking to hit this margin.

All-in cost$1,203,934
Net resale$1,786,484
Projected profit$582,550
ROI+48.4%
Annualized+69.2%
Break-even resale$899/ac
Profit if resale lands off target
-20%
$225,253
-10%
$403,901
0%
$582,550
+10%
$761,198
+20%
$939,846
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
WY-909468
Dirt · Power at road
1428.4May 25, 2024$1,529,0001,0701,5970.0 mi
79
WY-868727
Paved · Full utilities
835.1Apr 14, 2026$1,433,3001,7161,20011.4 mi
73
WY-258695
Landlocked · Off grid
815.9Oct 19, 2025$550,7006751,19010.1 mi
71
WY-518602
Paved · Power at road
762.8Jan 12, 2025$1,648,2002,1611,8854.6 mi
70
WY-608229
Gravel · Power at road
582.2Dec 12, 2025$706,8001,2141,1092.6 mi
70
WY-167879
Gravel · Power at road
451.8Oct 27, 2025$719,9001,5941,3562.4 mi
67
WY-728654
Gravel · Full utilities
792.0Jul 3, 2024$858,3001,0849443.4 mi
64
Show adjustment detail for the top comp
  • Tract size (1428.39 ac → 1455.54 ac)-0.6%
  • Access (Dirt → Paved)+37.2%
  • Market time (27 mo)+9.4%

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.