Thomas County, KS · Sold

KS-897828

5404 County Road 323

$312,900

$1,078/ac · 290 ac

Offer report Market this tract

Acreage290 ac

Price per acre$1,078/ac

ZoningRecreational

Road accessDirt

UtilitiesOff grid

TopographySloped

ListedDec 19, 2024

Coordinates39.3415, -101.1839

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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

Thomas County, Kansas. Flint Hills grazing and dryland wheat ground; large tracts, thin margins.

View Thomas market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index

Low risk

Wetlands1.9% of tract

Little to no mapped wetland coverage.

Average slope26.7%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

4,221 ft of deeded road frontage.

Power5,864 ft away

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

Buildable area170.85 of 290.26 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$311,951

$261,973 – $361,929 · $1,075/ac on 290 ac

Asking vs estimate

+0.3%

In line with 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 $312,900

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$178,258

$614/ac · +30.0% target margin

You need $134,642 off asking to hit this margin.

All-in cost$193,410

Net resale$286,995

Projected profit$93,585

ROI+48.4%

Annualized+69.2%

Break-even resale$724/ac

Profit if resale lands off target

-20%

$36,186

-10%

$64,885

$93,585

+10%

$122,284

+20%

$150,984

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
KS-827326 Gravel · Full utilities	201.8	Jul 27, 2026	$346,700	1,718	930	2.4 mi	86
KS-288366 Dirt · Off grid	428.6	Jan 25, 2026	$311,400	727	834	10.9 mi	76
KS-268978 Dirt · Off grid	667.7	Jul 27, 2026	$575,400	862	1,108	9.4 mi	75
KS-477668 Gravel · Off grid	258.5	Aug 20, 2025	$291,700	1,128	977	10.8 mi	75
KS-796620 Landlocked · Off grid	121.0	Jul 27, 2026	$148,800	1,230	1,226	5.7 mi	74
KS-547625 Gravel · Full utilities	250.6	Feb 21, 2024	$428,800	1,711	1,085	5.0 mi	70
KS-656881 Paved · Off grid	146.2	Apr 7, 2025	$277,000	1,895	1,206	7.1 mi	70
KS-709516 Gravel · Power at road	986.0	Jul 27, 2026	$1,350,600	1,370	1,452	11.7 mi	69
KS-566254 Dirt · Off grid	92.8	Jan 3, 2025	$109,800	1,183	929	4.0 mi	64
KS-726285 Landlocked · Off grid	94.9	Jul 8, 2024	$96,100	1,013	1,031	9.7 mi	57

Show adjustment detail for the top comp

Tract size (201.77 ac → 290.26 ac)-9.8%
Access (Gravel → Dirt)-14.0%
Utilities (Full utilities → Off grid)-30.3%

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