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Wayne County, MO · Sold

MO-139127

3228 County Road 398

$765,900
$1,471/ac · 521 ac
Acreage521 ac
Price per acre$1,471/ac
ZoningRecreational
Road accessGravel
UtilitiesOff grid
TopographyMixed
ListedMay 15, 2026
Coordinates37.1385, -90.4939
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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

Wayne County, Missouri. Ozark recreational land and cattle ground; heavy owner-finance activity.

View Wayne market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
15
Low risk
Wetlands5.1% of tract

Little to no mapped wetland coverage.

Average slope7.5%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,074 ft of deeded road frontage.

Power12,584 ft away

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

Buildable area469.42 of 520.68 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$958,768
$786,559$1,130,978 · $1,841/ac on 521 ac
Asking vs estimate
-20.1%
Priced below the comp set

Weighted from 8 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 $765,900
Maximum allowable offer
$547,868
$1,052/ac · +30.0% target margin

You need $218,032 off asking to hit this margin.

All-in cost$594,437
Net resale$882,067
Projected profit$287,630
ROI+48.4%
Annualized+69.2%
Break-even resale$1,241/ac
Profit if resale lands off target
-20%
$111,217
-10%
$199,424
0%
$287,630
+10%
$375,837
+20%
$464,044
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MO-739338
Dirt · Power at road
606.7Apr 23, 2025$1,206,3001,9882,1729.8 mi
75
MO-539759
Landlocked · Power at road
823.0Dec 9, 2025$1,096,1001,3321,9705.8 mi
72
MO-697168
Dirt · Off grid
126.0Jul 27, 2026$193,8001,5391,1982.9 mi
71
MO-578037
Gravel · Power at road
236.4Mar 3, 2025$671,2002,8392,0303.2 mi
68
MO-717059
Dirt · Power at road
116.4Jul 16, 2026$310,1002,6641,7293.6 mi
67
MO-137182
Gravel · Power at road
127.3Apr 4, 2026$503,9003,9602,2885.7 mi
67
MO-827346
Dirt · Full utilities
143.3May 6, 2026$430,4003,0031,7008.2 mi
64
MO-607221
Gravel · Power at road
130.9Nov 2, 2025$356,2002,7211,6126.0 mi
64
Show adjustment detail for the top comp
  • Tract size (606.67 ac → 520.68 ac)+4.8%
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (16 mo)+5.5%

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.