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Spink County, SD · Sold

SD-477260

2821 County Road 121

$324,000
$1,531/ac · 212 ac
Acreage212 ac
Price per acre$1,531/ac
ZoningUnzoned
Road accessGravel
UtilitiesOff grid
TopographyMixed
ListedSep 28, 2025
Coordinates44.9864, -98.3367
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

Spink County, South Dakota. West River grazing and Black Hills recreational parcels.

View Spink market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
21
Low risk
Wetlands16.8% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope6.3%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

1,240 ft of deeded road frontage.

Power3,260 ft away

Service extension needed; get a utility quote.

Buildable area167.23 of 211.58 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$360,946
$294,942$426,950 · $1,706/ac on 212 ac
Asking vs estimate
-10.2%
Priced below 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 $324,000
Maximum allowable offer
$206,255
$975/ac · +30.0% target margin

You need $117,745 off asking to hit this margin.

All-in cost$223,787
Net resale$332,070
Projected profit$108,284
ROI+48.4%
Annualized+69.2%
Break-even resale$1,150/ac
Profit if resale lands off target
-20%
$41,869
-10%
$75,076
0%
$108,284
+10%
$141,491
+20%
$174,698
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
SD-337443
Gravel · Power at road
241.6Dec 10, 2025$399,2001,6531,5002.1 mi
83
SD-907750
Gravel · Off grid
301.8Mar 29, 2026$527,0001,7471,9646.5 mi
81
SD-647000
Gravel · Full utilities
175.3Jul 26, 2024$276,8001,5801,1355.4 mi
78
SD-437027
Gravel · Full utilities
178.7Jul 14, 2025$455,9002,5511,7746.3 mi
77
SD-807615
Gravel · Full utilities
273.6May 23, 2025$479,9001,7541,3832.1 mi
77
SD-487938
Gravel · Full utilities
345.8Mar 1, 2026$752,8002,1771,78110.9 mi
73
SD-948751
Paved · Off grid
623.1Jul 27, 2026$1,075,1001,7252,0145.0 mi
73
SD-566892
Gravel · Power at road
162.1Sep 12, 2024$275,3001,6991,4506.5 mi
71
SD-626907
Gravel · Power at road
163.8Dec 3, 2023$391,3002,3882,1073.7 mi
71
SD-257909
Dirt · Off grid
338.6Dec 1, 2024$481,7001,4232,0306.1 mi
68
Show adjustment detail for the top comp
  • Tract size (241.58 ac → 211.58 ac)+3.8%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (8 mo)+2.9%

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.