Comparable sales & offer analysis
Parcel SD-297738
Mellette County, SD · 299 ac · Recreational · Paved · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$753,600
Adjusted value
$729,790
Value range
$539,815–$919,766
Comp $/acre
$2,440/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +3.3% versus the adjusted value.
Offer position
Max allowable offer
$417,023
Offer $/acre
$1,394/ac
Projected profit
$218,937
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-979209 | 868.3 | Jul 27, 2026 | $1,512,500 | 1,742 | 2,857 | 72 |
| SD-338202 | 418.6 | Dec 13, 2025 | $631,700 | 1,509 | 2,391 | 70 |
| SD-907201 | 202.7 | Mar 8, 2024 | $262,000 | 1,292 | 1,779 | 66 |
| SD-135035 | 42.2 | Aug 27, 2024 | $93,300 | 2,209 | 1,741 | 54 |
| SD-865061 | 43.0 | Jan 11, 2024 | $185,700 | 4,317 | 3,507 | 52 |
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.