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Sherman County, OR · Sold

OR-745002

1992 County Road 138

$296,800
$9,319/ac · 31.85 ac
Acreage31.85 ac
Price per acre$9,319/ac
ZoningResidential
Road accessGravel
UtilitiesOff grid
TopographyMixed
ListedMay 15, 2026
Coordinates45.3992, -120.6159
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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

Sherman County, Oregon. High-desert lots east of the Cascades, strict land-use rules west.

View Sherman market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
3
Low risk
Wetlands0.2% of tract

Little to no mapped wetland coverage.

Average slope5.0%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,132 ft of deeded road frontage.

Power1,958 ft away

Service extension needed; get a utility quote.

Buildable area30.20 of 31.85 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$223,767
$168,082$279,452 · $7,026/ac on 31.85 ac
Asking vs estimate
+32.6%
Priced above the comp set

Weighted from 10 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 $296,800
Maximum allowable offer
$127,867
$4,015/ac · +30.0% target margin

You need $168,933 off asking to hit this margin.

All-in cost$138,736
Net resale$205,865
Projected profit$67,130
ROI+48.4%
Annualized+69.2%
Break-even resale$4,735/ac
Profit if resale lands off target
-20%
$25,957
-10%
$46,543
0%
$67,130
+10%
$87,716
+20%
$108,303
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
OR-995318
Dirt · Off grid
40.0Apr 21, 2026$315,7007,8849,6677.5 mi
79
OR-406572
Gravel · Off grid
99.3Jul 27, 2026$703,4007,0828,9889.4 mi
76
OR-196550
Gravel · Power at road
97.8Jul 27, 2026$590,5006,0416,4918.0 mi
71
OR-435573
Gravel · Power at road
48.2Aug 11, 2024$299,9006,2276,1873.2 mi
70
OR-185661
Gravel · Power at road
51.3Feb 2, 2025$232,4004,5264,4704.8 mi
70
OR-213851
Landlocked · Off grid
13.8Apr 15, 2025$87,2006,3008,7644.9 mi
70
OR-926302
Dirt · Off grid
81.7Jun 4, 2026$353,0004,3226,12210.4 mi
69
OR-646441
Dirt · Power at road
90.3Jun 22, 2026$462,1005,1156,2957.7 mi
68
OR-895716
Dirt · Power at road
53.4Apr 22, 2024$360,3006,7438,0486.7 mi
63
OR-533459
Gravel · Full utilities
10.4Mar 9, 2025$73,1007,0114,5205.2 mi
63
Show adjustment detail for the top comp
  • Tract size (40.04 ac → 31.85 ac)+4.1%
  • Access (Dirt → Gravel)+16.3%
  • Market time (4 mo)+1.3%

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.