Comparable sales & offer analysis
Parcel SD-979209
Mellette County, SD · 868 ac · Mixed Use · Gravel · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$1,543,400
Adjusted value
$1,239,145
Value range
$1,037,721–$1,440,569
Comp $/acre
$1,427/ac
Weighted from 3 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +24.6% versus the adjusted value.
Offer position
Max allowable offer
$708,083
Offer $/acre
$816/ac
Projected profit
$371,743
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 |
|---|---|---|---|---|---|---|
| SD-338202 | 418.6 | Dec 13, 2025 | $631,700 | 1,509 | 1,462 | 66 |
| SD-297738 | 299.1 | Jul 19, 2024 | $748,300 | 2,502 | 1,672 | 62 |
| SD-907201 | 202.7 | Mar 8, 2024 | $262,000 | 1,292 | 1,088 | 51 |
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.