Comparable sales & offer analysis
Parcel SD-907201
Mellette County, SD · 203 ac · Recreational · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$273,200
Adjusted value
$430,447
Value range
$341,709–$519,185
Comp $/acre
$2,123/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -36.5% versus the adjusted value.
Offer position
Max allowable offer
$245,970
Offer $/acre
$1,213/ac
Projected profit
$129,134
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 | 1,925 | 75 |
| SD-297738 | 299.1 | Jul 19, 2024 | $748,300 | 2,502 | 2,200 | 67 |
| SD-979209 | 868.3 | Jul 27, 2026 | $1,512,500 | 1,742 | 2,299 | 63 |
| SD-135035 | 42.2 | Aug 27, 2024 | $93,300 | 2,209 | 1,401 | 54 |
| SD-865061 | 43.0 | Jan 11, 2024 | $185,700 | 4,317 | 2,823 | 54 |
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.