Spink County, SD · Sold

SD-566892

111 County Road 223

$292,300

$1,804/ac · 162 ac

Offer report Market this tract

Acreage162 ac

Price per acre$1,804/ac

ZoningResidential

Road accessGravel

UtilitiesPower at road

TopographyFlat

ListedOct 10, 2023

Coordinates44.8926, -98.3409

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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

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

Low risk

Wetlands12.1% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope1.1%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

2,083 ft of deeded road frontage.

Power32 ft away

Power at or near the road.

Buildable area135.34 of 162.07 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$325,351

$264,055 – $386,646 · $2,007/ac on 162 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 $292,300

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$185,915

$1,147/ac · +30.0% target margin

You need $106,385 off asking to hit this margin.

All-in cost$201,718

Net resale$299,323

Projected profit$97,605

ROI+48.4%

Annualized+69.2%

Break-even resale$1,353/ac

Profit if resale lands off target

-20%

$37,740

-10%

$67,673

$97,605

+10%

$127,537

+20%

$157,469

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
SD-626907 Gravel · Power at road	163.8	Dec 3, 2023	$391,300	2,388	2,667	7.0 mi	80
SD-477260 Gravel · Off grid	211.6	Apr 3, 2026	$280,300	1,325	1,703	6.5 mi	80
SD-907750 Gravel · Off grid	301.8	Mar 29, 2026	$527,000	1,747	2,487	6.0 mi	79
SD-337443 Gravel · Power at road	241.6	Dec 10, 2025	$399,200	1,653	1,899	4.7 mi	78
SD-437027 Gravel · Full utilities	178.7	Jul 14, 2025	$455,900	2,551	2,246	7.0 mi	77
SD-647000 Gravel · Full utilities	175.3	Jul 26, 2024	$276,800	1,580	1,437	4.1 mi	76
SD-487938 Gravel · Full utilities	345.8	Mar 1, 2026	$752,800	2,177	2,255	6.0 mi	72
SD-807615 Gravel · Full utilities	273.6	May 23, 2025	$479,900	1,754	1,751	7.1 mi	69
SD-547886 Landlocked · Power at road	333.0	Mar 6, 2025	$313,100	940	1,798	7.2 mi	69
SD-695394 Dirt · Off grid	54.8	May 10, 2026	$89,400	1,633	1,739	3.6 mi	69

Show adjustment detail for the top comp

Market time (32 mo)+11.4%

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.

Build the listing kit Post a deal or JV