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Wallace County, KS · Sold

KS-639807

5468 County Road 371

$1,287,400
$1,058/ac · 1,217 ac
Acreage1,217 ac
Price per acre$1,058/ac
ZoningResidential
Road accessGravel
UtilitiesOff grid
TopographyWooded
ListedApr 6, 2024
Coordinates38.8839, -101.7839
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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

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

View Wallace market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index
21
Low risk
Wetlands5.4% of tract

Little to no mapped wetland coverage.

Average slope4.0%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power9,588 ft away

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

Buildable area1094.01 of 1217.33 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,372,863
$1,005,451$1,740,275 · $1,128/ac on 1,217 ac
Asking vs estimate
-6.2%
Priced below the comp set

Weighted from 5 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 $1,287,400
Maximum allowable offer
$784,493
$644/ac · +30.0% target margin

You need $502,907 off asking to hit this margin.

All-in cost$851,175
Net resale$1,263,034
Projected profit$411,859
ROI+48.4%
Annualized+69.2%
Break-even resale$760/ac
Profit if resale lands off target
-20%
$159,253
-10%
$285,556
0%
$411,859
+10%
$538,163
+20%
$664,466
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
KS-609493
Landlocked · Power at road
969.7Oct 21, 2025$814,2008401,0114.4 mi
76
KS-788358
Landlocked · Off grid
426.1Jul 27, 2026$268,2006296729.9 mi
69
KS-488851
Gravel · Power at road
609.0Apr 29, 2024$1,266,3002,0791,5651.0 mi
68
KS-807819
Landlocked · Full utilities
288.4Aug 6, 2025$525,5001,8221,2587.5 mi
58
KS-747931
Dirt · Power at road
312.8Apr 16, 2024$519,0001,6591,1917.1 mi
53
Show adjustment detail for the top comp
  • Tract size (969.66 ac → 1217.33 ac)-6.8%
  • Access (Landlocked → Gravel)+47.1%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (10 mo)+3.4%

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.