Comparable sales & offer analysis
Parcel MI-219608
Newaygo County, MI · 632 ac · Mixed Use · Gravel · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$2,039,500
Adjusted value
$1,857,088
Value range
$1,466,244–$2,247,932
Comp $/acre
$2,937/ac
Weighted from 9 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +9.8% versus the adjusted value.
Offer position
Max allowable offer
$1,061,193
Offer $/acre
$1,678/ac
Projected profit
$557,126
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-859629 | 642.0 | Jul 27, 2026 | $2,108,900 | 3,285 | 3,439 | 89 |
| MI-159659 | 656.1 | Jun 2, 2024 | $1,129,300 | 1,721 | 2,744 | 75 |
| MI-657908 | 184.6 | Jul 27, 2026 | $306,900 | 1,663 | 2,466 | 72 |
| MI-718618 | 308.7 | Jul 27, 2026 | $697,800 | 2,261 | 2,236 | 72 |
| MI-598285 | 242.5 | Jul 27, 2026 | $689,100 | 2,842 | 3,597 | 72 |
| MI-699111 | 441.1 | Jan 1, 2025 | $709,200 | 1,608 | 2,583 | 65 |
| MI-488021 | 200.3 | Jan 18, 2026 | $492,300 | 2,458 | 2,195 | 63 |
| MI-838627 | 310.7 | Jan 21, 2024 | $853,400 | 2,747 | 4,126 | 63 |
| MI-978140 | 218.3 | Aug 13, 2024 | $454,200 | 2,080 | 2,972 | 57 |
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.