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Allamakee County, IA · Sold

IA-659913

9221 County Road 201

$3,140,800
$4,344/ac · 723 ac
Acreage723 ac
Price per acre$4,344/ac
ZoningRecreational
Road accessGravel
UtilitiesOff grid
TopographyRolling
ListedSep 1, 2023
Coordinates43.3116, -91.4337
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
19
Low risk
Wetlands3.2% of tract

Little to no mapped wetland coverage.

Average slope12.5%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,994 ft of deeded road frontage.

Power8,916 ft away

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

Buildable area559.87 of 722.97 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$3,790,569
$3,080,974$4,500,164 · $5,243/ac on 723 ac
Asking vs estimate
-17.1%
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 $3,140,800
Maximum allowable offer
$2,166,039
$2,996/ac · +30.0% target margin

You need $974,761 off asking to hit this margin.

All-in cost$2,350,152
Net resale$3,487,323
Projected profit$1,137,171
ROI+48.4%
Annualized+69.2%
Break-even resale$3,533/ac
Profit if resale lands off target
-20%
$439,706
-10%
$788,439
0%
$1,137,171
+10%
$1,485,903
+20%
$1,834,636
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-579960
Gravel · Off grid
748.0Mar 3, 2026$3,439,5004,5984,7356.3 mi
86
IA-549047
Paved · Off grid
386.1May 11, 2025$2,263,9005,8644,3295.3 mi
73
IA-187600
Gravel · Full utilities
135.3Feb 2, 2025$1,351,5009,9864,5591.9 mi
60
IA-767815
Paved · Full utilities
158.2Mar 27, 2025$2,577,10016,2966,5335.7 mi
57
IA-838129
Dirt · Full utilities
198.5Feb 25, 2024$2,172,40010,9426,6827.3 mi
54
Show adjustment detail for the top comp
  • Tract size (748.01 ac → 722.97 ac)+1.1%
  • 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.