Comparable sales & offer analysis
Parcel MI-920808
Alcona County, MI · 1.08 ac · Recreational · Gravel · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$12,000
Adjusted value
$10,387
Value range
$7,479–$13,296
Comp $/acre
$9,618/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +15.5% versus the adjusted value.
Offer position
Max allowable offer
$5,936
Offer $/acre
$5,496/ac
Projected profit
$3,116
Annualized ROI
+69.2%
Assumes a 30% target margin, 9-month hold, 4% closing costs, 6% annual carry and 8% selling costs.
Comparable sales
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Match |
|---|---|---|---|---|---|---|
| MI-950894 | 1.1 | Jul 27, 2026 | $8,500 | 7,416 | 7,438 | 87 |
| MI-370484 | 0.8 | Jul 27, 2026 | $5,200 | 6,076 | 7,064 | 80 |
| MI-371124 | 1.4 | Mar 14, 2025 | $17,500 | 12,936 | 13,747 | 78 |
| MI-770510 | 0.9 | May 4, 2025 | $6,600 | 7,611 | 6,561 | 75 |
| MI-320405 | 0.8 | Feb 4, 2026 | $3,200 | 4,034 | 6,046 | 74 |
| MI-310091 | 0.6 | Apr 25, 2025 | $6,700 | 10,484 | 11,009 | 72 |
| MI-372526 | 3.7 | Apr 6, 2026 | $27,900 | 7,451 | 6,364 | 71 |
| MI-791123 | 1.4 | Aug 22, 2024 | $16,900 | 12,516 | 12,958 | 69 |
| MI-701440 | 1.7 | Aug 24, 2024 | $27,500 | 16,165 | 14,441 | 68 |
| MI-880119 | 0.7 | Mar 2, 2025 | $6,100 | 9,440 | 11,733 | 66 |
Prepared with LandPilot. Values are model estimates derived from recorded sales and procedural market data, not an appraisal. Verify title, access and zoning independently before contracting.