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Sherman County, KS · Sold

KS-396175

3824 County Road 400

$228,500
$2,607/ac · 87.65 ac
Acreage87.65 ac
Price per acre$2,607/ac
ZoningResidential
Road accessGravel
UtilitiesOff grid
TopographyFlat
ListedDec 10, 2023
Coordinates39.3949, -101.7945
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

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

View Sherman market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
39
Moderate risk
Wetlands32.0% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope2.4%

Gentle grade, straightforward to develop.

Flood zoneAE

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessDeeded frontage

1,305 ft of deeded road frontage.

Power5,682 ft away

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

Buildable area56.62 of 87.65 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$239,194
$202,594$275,794 · $2,729/ac on 87.65 ac
Asking vs estimate
-4.5%
In line with 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 $228,500
Maximum allowable offer
$136,682
$1,559/ac · +30.0% target margin

You need $91,818 off asking to hit this margin.

All-in cost$148,300
Net resale$220,059
Projected profit$71,759
ROI+48.4%
Annualized+69.3%
Break-even resale$1,839/ac
Profit if resale lands off target
-20%
$27,747
-10%
$49,753
0%
$71,759
+10%
$93,765
+20%
$115,771
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
KS-186369
Dirt · Off grid
100.9Feb 3, 2026$292,9002,9043,5715.1 mi
81
KS-285629
Gravel · Power at road
59.0Feb 3, 2026$173,4002,9392,3367.6 mi
76
KS-106125
Dirt · Power at road
84.5May 7, 2025$207,3002,4532,5328.2 mi
74
KS-305124
Dirt · Off grid
40.9Jul 27, 2026$99,4002,4292,4089.5 mi
73
KS-844526
Dirt · Full utilities
26.5Jul 27, 2026$109,0004,1072,63810.4 mi
70
KS-257622
Landlocked · Off grid
250.0Jan 25, 2025$362,6001,4502,99913.0 mi
62
KS-584959
Paved · Off grid
36.3Aug 8, 2024$121,1003,3332,5518.9 mi
60
Show adjustment detail for the top comp
  • Tract size (100.87 ac → 87.65 ac)+3.5%
  • Access (Dirt → Gravel)+16.3%
  • Market time (6 mo)+2.2%

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.