Comparable sales & offer analysis
Parcel ND-317286
Morton County, ND · 225 ac · Unzoned · Gravel · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$273,300
Adjusted value
$320,135
Value range
$236,421–$403,849
Comp $/acre
$1,420/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -14.6% versus the adjusted value.
Offer position
Max allowable offer
$182,934
Offer $/acre
$812/ac
Projected profit
$96,041
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 |
|---|---|---|---|---|---|---|
| ND-487190 | 210.3 | Apr 20, 2026 | $214,800 | 1,022 | 1,397 | 89 |
| ND-467392 | 243.4 | Jul 27, 2026 | $248,000 | 1,019 | 1,220 | 88 |
| ND-538279 | 462.8 | Apr 27, 2026 | $379,600 | 820 | 873 | 77 |
| ND-946063 | 92.9 | Jul 27, 2026 | $130,600 | 1,406 | 1,319 | 75 |
| ND-815915 | 83.5 | Jul 27, 2026 | $246,800 | 2,956 | 1,596 | 73 |
| ND-827081 | 194.3 | Jul 21, 2025 | $461,700 | 2,376 | 2,283 | 72 |
| ND-608524 | 552.7 | Dec 24, 2025 | $596,400 | 1,079 | 1,451 | 72 |
| ND-467903 | 352.4 | May 25, 2025 | $546,400 | 1,550 | 1,295 | 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.