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Sully County, SD · Sold

SD-571294

3952 County Road 232

$11,200
$3,986/ac · 2.81 ac
Acreage2.81 ac
Price per acre$3,986/ac
ZoningUnzoned
Road accessDirt
UtilitiesFull utilities
TopographySloped
ListedJan 22, 2024
Coordinates44.7807, -100.1932
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

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

View Sully market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
36
Moderate risk
Wetlands6.0% of tract

Little to no mapped wetland coverage.

Average slope27.5%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area1.58 of 2.81 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$15,008
$12,714$17,302 · $5,341/ac on 2.81 ac
Asking vs estimate
-25.4%
Priced below the comp set

Weighted from 9 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 $11,200
Maximum allowable offer
$8,576
$3,052/ac · +30.0% target margin

You need $2,624 off asking to hit this margin.

All-in cost$9,305
Net resale$13,808
Projected profit$4,503
ROI+48.4%
Annualized+69.3%
Break-even resale$3,599/ac
Profit if resale lands off target
-20%
$1,741
-10%
$3,122
0%
$4,503
+10%
$5,883
+20%
$7,264
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
SD-721668
Paved · Power at road
3.7Jul 27, 2026$20,0005,4234,8735.9 mi
80
SD-651241
Dirt · Power at road
2.7Oct 13, 2025$12,1004,4675,6357.6 mi
80
SD-122779
Paved · Power at road
8.2Jul 27, 2026$42,4005,1404,8115.1 mi
75
SD-940687
Paved · Off grid
1.8May 13, 2026$11,2006,2096,5018.5 mi
74
SD-411949
Gravel · Off grid
4.5Jun 22, 2024$16,0003,5454,8491.9 mi
72
SD-551501
Paved · Power at road
3.3Oct 13, 2024$16,4005,0194,8295.8 mi
71
SD-132302
Gravel · Off grid
5.8Aug 9, 2025$29,5005,0596,6973.8 mi
68
SD-422956
Dirt · Off grid
9.4Mar 12, 2026$24,5002,6144,04810.0 mi
65
SD-430679
Gravel · Off grid
1.8Oct 20, 2023$7,7004,2845,8568.6 mi
62
Show adjustment detail for the top comp
  • Tract size (3.68 ac → 2.81 ac)+0.8%
  • Access (Paved → Dirt)-27.1%
  • Utilities (Power at road → Full utilities)+22.0%

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.