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Allamakee County, IA · Sold

IA-767815

9244 County Road 227

$2,592,700
$16,394/ac · 158 ac
Acreage158 ac
Price per acre$16,394/ac
ZoningResidential
Road accessPaved
UtilitiesFull utilities
TopographyRolling
ListedDec 23, 2024
Coordinates43.2349, -91.4747
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

No material red flags on the mapped layers.

Risk index
11
Low risk
Wetlands8.2% of tract

Little to no mapped wetland coverage.

Average slope8.9%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,362 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area137.92 of 158.15 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,932,713
$1,540,734$2,324,692 · $12,221/ac on 158 ac
Asking vs estimate
+34.1%
Priced above the comp set

Weighted from 6 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 $2,592,700
Maximum allowable offer
$1,104,407
$6,983/ac · +30.0% target margin

You need $1,488,293 off asking to hit this margin.

All-in cost$1,198,282
Net resale$1,778,096
Projected profit$579,814
ROI+48.4%
Annualized+69.2%
Break-even resale$8,236/ac
Profit if resale lands off target
-20%
$224,195
-10%
$402,005
0%
$579,814
+10%
$757,624
+20%
$935,434
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-187600
Gravel · Full utilities
135.3Feb 2, 2025$1,351,5009,98612,0346.8 mi
78
IA-636502
Paved · Power at road
61.1Jul 14, 2026$758,40012,41412,0520.9 mi
77
IA-976961
Landlocked · Off grid
85.2Feb 21, 2026$420,9004,94110,7309.1 mi
74
IA-406897
Dirt · Off grid
81.3Jun 30, 2026$472,7005,8129,7287.6 mi
73
IA-838129
Dirt · Full utilities
198.5Feb 25, 2024$2,172,40010,94217,63710.0 mi
68
IA-549047
Paved · Off grid
386.1May 11, 2025$2,263,9005,86411,42610.4 mi
63
Show adjustment detail for the top comp
  • Tract size (135.34 ac → 158.15 ac)-4.1%
  • Access (Gravel → Paved)+18.0%
  • Market time (18 mo)+6.4%

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.