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Allamakee County, IA · Sold

IA-549047

563 County Road 123

$2,355,800
$6,102/ac · 386 ac
Acreage386 ac
Price per acre$6,102/ac
ZoningRecreational
Road accessPaved
UtilitiesOff grid
TopographySloped
ListedFeb 8, 2025
Coordinates43.3510, -91.3423
Loading terrain…
County GIS boundary

We do not yet have an active public ArcGIS connection for this county. Use the official source link to verify the parcel boundary and flood/zoning layers.

County market

Allamakee County, Iowa. The benchmark corn-belt farmland market; auctions set transparent comps.

View Allamakee market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
25
Low risk
Wetlands0.8% of tract

Little to no mapped wetland coverage.

Average slope20.5%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

3,731 ft of deeded road frontage.

Power11,198 ft away

A long utility run — price in solar/off-grid instead.

Buildable area229.79 of 386.07 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,942,050
$2,394,675$3,489,424 · $7,621/ac on 386 ac
Asking vs estimate
-19.9%
Priced below the comp set

Weighted from 5 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.

AI deal brief

Comps, diligence flags, an offer number and what to ask the seller.

Offer calculatorAsking $2,355,800
Maximum allowable offer
$1,681,171
$4,355/ac · +30.0% target margin

You need $674,629 off asking to hit this margin.

All-in cost$1,824,071
Net resale$2,706,686
Projected profit$882,615
ROI+48.4%
Annualized+69.2%
Break-even resale$5,136/ac
Profit if resale lands off target
-20%
$341,278
-10%
$611,946
0%
$882,615
+10%
$1,153,284
+20%
$1,423,952
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-579960
Gravel · Off grid
748.0Mar 3, 2026$3,439,5004,5986,7554.7 mi
73
IA-659913
Gravel · Off grid
723.0Oct 6, 2024$2,958,6004,0926,2945.3 mi
70
IA-767815
Paved · Full utilities
158.2Mar 27, 2025$2,577,10016,2969,32110.4 mi
62
IA-838129
Dirt · Full utilities
198.5Feb 25, 2024$2,172,40010,9429,5325.0 mi
62
IA-187600
Gravel · Full utilities
135.3Feb 2, 2025$1,351,5009,9866,5045.9 mi
60
Show adjustment detail for the top comp
  • Tract size (748.01 ac → 386.07 ac)+22.2%
  • Access (Gravel → Paved)+18.0%
  • Market time (5 mo)+1.9%

Step 3 · Market it

Turn this underwriting into a listing

Generate a comp-priced headline, listing description, land-group post and cash-buyer email for this tract — then post it to the investor marketplace.