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Sherman County, KS · Sold

KS-186369

1996 County Road 383

$274,000
$2,716/ac · 101 ac
Acreage101 ac
Price per acre$2,716/ac
ZoningMixed Use
Road accessDirt
UtilitiesOff grid
TopographyRolling
ListedJan 23, 2025
Coordinates39.3701, -101.7050
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

3 items to verify before you offer.

Risk index
20
Low risk
Wetlands10.6% of tract

Little to no mapped wetland coverage.

Average slope8.9%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

2,177 ft of deeded road frontage.

Power4,338 ft away

Service extension needed; get a utility quote.

Buildable area85.67 of 100.87 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$213,668
$195,964$231,372 · $2,118/ac on 101 ac
Asking vs estimate
+28.2%
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 $274,000
Maximum allowable offer
$122,096
$1,210/ac · +30.0% target margin

You need $151,904 off asking to hit this margin.

All-in cost$132,474
Net resale$196,574
Projected profit$64,100
ROI+48.4%
Annualized+69.2%
Break-even resale$1,428/ac
Profit if resale lands off target
-20%
$24,785
-10%
$44,443
0%
$64,100
+10%
$83,758
+20%
$103,415
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
KS-305124
Dirt · Off grid
40.9Jul 27, 2026$99,4002,4292,0016.9 mi
80
KS-106125
Dirt · Power at road
84.5May 7, 2025$207,3002,4532,1054.2 mi
77
KS-285629
Gravel · Power at road
59.0Feb 3, 2026$173,4002,9391,9414.5 mi
73
KS-396175
Gravel · Off grid
87.7May 9, 2024$190,1002,1691,9755.1 mi
72
KS-467978
Dirt · Power at road
323.6Sep 9, 2024$582,1001,7992,2720.4 mi
68
KS-257622
Landlocked · Off grid
250.0Jan 25, 2025$362,6001,4502,4938.4 mi
61
KS-584959
Paved · Off grid
36.3Aug 8, 2024$121,1003,3332,1207.7 mi
59
Show adjustment detail for the top comp
  • Tract size (40.93 ac → 100.87 ac)-17.8%

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.