Comparable sales & offer analysis
Parcel MI-253344
Newaygo County, MI · 6.76 ac · Mixed Use · Gravel · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$35,800
Adjusted value
$36,750
Value range
$27,699–$45,800
Comp $/acre
$5,436/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -2.6% versus the adjusted value.
Offer position
Max allowable offer
$21,000
Offer $/acre
$3,106/ac
Projected profit
$11,025
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 |
|---|---|---|---|---|---|---|
| MI-583132 | 5.8 | Jul 27, 2026 | $36,200 | 6,240 | 7,250 | 91 |
| MI-942911 | 4.9 | Dec 25, 2025 | $25,400 | 5,149 | 6,304 | 72 |
| MI-663626 | 8.3 | Jul 31, 2024 | $40,400 | 4,872 | 4,416 | 67 |
| MI-521632 | 2.0 | May 15, 2025 | $7,300 | 3,741 | 4,402 | 65 |
| MI-624530 | 16.0 | Oct 4, 2024 | $44,200 | 2,770 | 3,887 | 59 |
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.