You have an interesting problem here. You're trying to measure an inconvenient distance to better than half a percent accuracy.
Half a percent is quite feasible, but is well into the territory where most measuring devices are going to have to be made first, then calibrated.
If you buy, borrow or steal proper surveying gear, a laser rangefinder or a GPS, someone else will already have done this calibration for you.
If you make your own kit, you'll need to calibrate it yourself - for which you'll need to obtain an accurate means of measuring distance to start with, taking you right back to one of the bought-in options. You've got to ask yourself what added benefit the homebrew gadget will bring to outweigh the added error, hassle and expense.
This benefit could be real - for instance, you may only need to hire the expensive gear for one day instead of the whole trial period, and once calibrated, the new toy might be quicker and easier to use - but all these depend on exactly what you want to do.
"Systems" thinking preaches the discipline of understanding your requirement really thoroughly before you get stuck into design work (the politicians who spoil my day job reckon we ought to be spending up to 15% of the project budget before we even start development). Might be a bit doctrinaire, but it helps keep you and your money out of the blind alleys.
A.