Comparable sales & offer analysis
Parcel ND-397879
Wells County, ND · 346 ac · Unzoned · Landlocked · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$372,400
Adjusted value
$368,378
Value range
$274,833–$461,923
Comp $/acre
$1,064/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +1.1% versus the adjusted value.
Offer position
Max allowable offer
$210,502
Offer $/acre
$608/ac
Projected profit
$110,513
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-318456 | 526.1 | Jul 27, 2026 | $453,200 | 861 | 565 | 83 |
| ND-608162 | 425.2 | Jul 27, 2026 | $650,100 | 1,529 | 941 | 82 |
| ND-717271 | 223.0 | Jul 19, 2026 | $348,100 | 1,561 | 1,172 | 81 |
| ND-347947 | 363.9 | Jul 30, 2025 | $426,800 | 1,173 | 982 | 80 |
| ND-288914 | 733.1 | May 2, 2026 | $1,136,500 | 1,550 | 1,137 | 74 |
| ND-966312 | 111.3 | Jul 27, 2026 | $435,800 | 3,915 | 1,405 | 70 |
| ND-966264 | 107.5 | Apr 24, 2024 | $281,600 | 2,619 | 1,399 | 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.