Comparable sales & offer analysis
Parcel MI-583132
Newaygo County, MI · 5.80 ac · Mixed Use · Dirt · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$39,900
Adjusted value
$24,585
Value range
$20,429–$28,741
Comp $/acre
$4,239/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +62.3% versus the adjusted value.
Offer position
Max allowable offer
$14,048
Offer $/acre
$2,422/ac
Projected profit
$7,375
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-253344 | 6.8 | May 21, 2026 | $33,700 | 4,978 | 4,385 | 89 |
| MI-942911 | 4.9 | Dec 25, 2025 | $25,400 | 5,149 | 5,468 | 75 |
| MI-521632 | 2.0 | May 15, 2025 | $7,300 | 3,741 | 3,818 | 69 |
| MI-663626 | 8.3 | Jul 31, 2024 | $40,400 | 4,872 | 3,830 | 63 |
| MI-624530 | 16.0 | Oct 4, 2024 | $44,200 | 2,770 | 3,371 | 58 |
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.