Comparable sales & offer analysis
Parcel ND-538279
Morton County, ND · 463 ac · Unzoned · Paved · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$432,300
Adjusted value
$635,866
Value range
$470,115–$801,618
Comp $/acre
$1,374/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -32.0% versus the adjusted value.
Offer position
Max allowable offer
$363,352
Offer $/acre
$785/ac
Projected profit
$190,760
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-608524 | 552.7 | Dec 24, 2025 | $596,400 | 1,079 | 1,387 | 78 |
| ND-467392 | 243.4 | Jul 27, 2026 | $248,000 | 1,019 | 1,167 | 75 |
| ND-487190 | 210.3 | Apr 20, 2026 | $214,800 | 1,022 | 1,336 | 73 |
| ND-317286 | 225.4 | Apr 9, 2025 | $226,300 | 1,004 | 1,020 | 70 |
| ND-467903 | 352.4 | May 25, 2025 | $546,400 | 1,550 | 1,239 | 69 |
| ND-827081 | 194.3 | Jul 21, 2025 | $461,700 | 2,376 | 2,183 | 64 |
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.