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Benton County, IA · Sold

IA-581676

2938 County Road 122

$13,700
$7,405/ac · 1.85 ac
Acreage1.85 ac
Price per acre$7,405/ac
ZoningUnzoned
Road accessDirt
UtilitiesPower at road
TopographyWooded
ListedMar 22, 2024
Coordinates42.1781, -92.0100
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

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

View Benton market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index
4
Low risk
Wetlands0.4% of tract

Little to no mapped wetland coverage.

Average slope7.8%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

229 ft of deeded road frontage.

Power62 ft away

Power at or near the road.

Buildable area1.75 of 1.85 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$21,852
$17,368$26,335 · $11,812/ac on 1.85 ac
Asking vs estimate
-37.3%
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 $13,700
Maximum allowable offer
$12,487
$6,750/ac · +30.0% target margin

You need $1,213 off asking to hit this margin.

All-in cost$13,548
Net resale$20,104
Projected profit$6,555
ROI+48.4%
Annualized+69.2%
Break-even resale$7,960/ac
Profit if resale lands off target
-20%
$2,534
-10%
$4,545
0%
$6,555
+10%
$8,565
+20%
$10,576
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-632104
Dirt · Power at road
2.5Jan 17, 2026$21,5008,5028,7678.6 mi
82
IA-671980
Dirt · Power at road
2.3Apr 28, 2025$33,00014,27115,1190.3 mi
81
IA-241569
Dirt · Off grid
1.7Apr 13, 2025$18,60010,88813,5124.2 mi
78
IA-291988
Dirt · Power at road
2.3Jun 28, 2025$21,2009,1269,6056.0 mi
77
IA-950425
Landlocked · Off grid
0.8Mar 12, 2026$6,1008,09012,1169.5 mi
66
Show adjustment detail for the top comp
  • Tract size (2.53 ac → 1.85 ac)+0.7%
  • Market time (7 mo)+2.4%

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.