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Sherman County, OR · Sold

OR-123101

3028 County Road 387

$118,100
$14,689/ac · 8.04 ac
Acreage8.04 ac
Price per acre$14,689/ac
ZoningResidential
Road accessPaved
UtilitiesPower at road
TopographyFlat
ListedFeb 19, 2024
Coordinates45.4268, -120.7402
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, 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
13
Low risk
Wetlands6.3% of tract

Little to no mapped wetland coverage.

Average slope0.8%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power173 ft away

Power at or near the road.

Buildable area7.16 of 8.04 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$83,949
$64,975$102,923 · $10,441/ac on 8.04 ac
Asking vs estimate
+40.7%
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 $118,100
Maximum allowable offer
$47,971
$5,967/ac · +30.0% target margin

You need $70,129 off asking to hit this margin.

All-in cost$52,049
Net resale$77,233
Projected profit$25,185
ROI+48.4%
Annualized+69.2%
Break-even resale$7,037/ac
Profit if resale lands off target
-20%
$9,738
-10%
$17,461
0%
$25,185
+10%
$32,908
+20%
$40,631
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
OR-282476
Dirt · Power at road
5.1Jul 27, 2026$37,0007,2489,7148.0 mi
83
OR-112769
Landlocked · Off grid
6.3Jul 27, 2026$23,8003,7687,5968.0 mi
80
OR-572774
Paved · Power at road
6.3Feb 1, 2025$68,20010,76411,2927.5 mi
74
OR-682981
Paved · Off grid
7.4Aug 3, 2024$53,8007,3049,2757.0 mi
74
OR-742576
Landlocked · Off grid
5.5May 23, 2025$31,0005,65511,8753.8 mi
71
OR-202743
Dirt · Off grid
6.2Dec 27, 2024$41,4006,67311,3306.1 mi
70
OR-213851
Landlocked · Off grid
13.8Apr 15, 2025$87,2006,30014,21410.0 mi
69
OR-422250
Dirt · Off grid
4.3Oct 28, 2025$21,7005,0068,0836.2 mi
68
OR-692531
Landlocked · Off grid
5.3Sep 27, 2024$35,1006,60214,20211.0 mi
68
OR-533459
Gravel · Full utilities
10.4Mar 9, 2025$73,1007,0117,33110.1 mi
68
Show adjustment detail for the top comp
  • Tract size (5.11 ac → 8.04 ac)-2.5%
  • Access (Dirt → Paved)+37.2%

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.