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Spink County, SD · Sold

SD-257909

6205 County Road 400

$501,300
$1,481/ac · 339 ac
Acreage339 ac
Price per acre$1,481/ac
ZoningAgricultural
Road accessDirt
UtilitiesOff grid
TopographySloped
ListedDec 12, 2023
Coordinates44.9077, -98.2821
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

3 items to verify before you offer.

Risk index
32
Moderate risk
Wetlands0.0% of tract

Little to no mapped wetland coverage.

Average slope31.8%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

3,726 ft of deeded road frontage.

Power10,470 ft away

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

Buildable area203.15 of 338.58 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$426,685
$353,568$499,801 · $1,260/ac on 339 ac
Asking vs estimate
+17.5%
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 $501,300
Maximum allowable offer
$243,820
$720/ac · +30.0% target margin

You need $257,480 off asking to hit this margin.

All-in cost$264,545
Net resale$392,550
Projected profit$128,005
ROI+48.4%
Annualized+69.2%
Break-even resale$849/ac
Profit if resale lands off target
-20%
$49,495
-10%
$88,750
0%
$128,005
+10%
$167,260
+20%
$206,515
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
SD-907750
Gravel · Off grid
301.8Mar 29, 2026$527,0001,7471,4768.3 mi
81
SD-487938
Gravel · Full utilities
345.8Mar 1, 2026$752,8002,1771,3389.0 mi
79
SD-948751
Paved · Off grid
623.1Jul 27, 2026$1,075,1001,7251,5133.3 mi
79
SD-807615
Gravel · Full utilities
273.6May 23, 2025$479,9001,7541,0397.5 mi
76
SD-477260
Gravel · Off grid
211.6Apr 3, 2026$280,3001,3251,0116.1 mi
76
SD-337443
Gravel · Power at road
241.6Dec 10, 2025$399,2001,6531,1275.2 mi
74
SD-328256
Dirt · Power at road
435.4Feb 14, 2025$697,8001,6031,5605.1 mi
74
SD-547886
Landlocked · Power at road
333.0Mar 6, 2025$313,1009401,0679.0 mi
73
SD-868978
Gravel · Off grid
734.5May 31, 2025$648,6008831,0084.2 mi
72
SD-419468
Dirt · Off grid
1047.5Dec 29, 2025$1,039,5009921,4363.0 mi
71
Show adjustment detail for the top comp
  • Tract size (301.75 ac → 338.58 ac)-3.3%
  • Access (Gravel → Dirt)-14.0%
  • Market time (5 mo)+1.6%

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.