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Benton County, IA · Sold

IA-469957

4056 County Road 227

$3,010,600
$4,034/ac · 746 ac
Acreage746 ac
Price per acre$4,034/ac
ZoningMixed Use
Road accessLandlocked
UtilitiesPower at road
TopographyRolling
ListedMar 4, 2024
Coordinates42.1561, -92.0887
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

1 item to verify before you offer.

Risk index
28
Low risk
Wetlands0.4% of tract

Little to no mapped wetland coverage.

Average slope8.1%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power76 ft away

Power at or near the road.

Buildable area706.22 of 746.38 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,548,945
$2,004,776$3,093,115 · $3,415/ac on 746 ac
Asking vs estimate
+18.1%
Priced above the comp set

Weighted from 8 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 $3,010,600
Maximum allowable offer
$1,456,540
$1,951/ac · +30.0% target margin

You need $1,554,060 off asking to hit this margin.

All-in cost$1,580,346
Net resale$2,345,030
Projected profit$764,684
ROI+48.4%
Annualized+69.2%
Break-even resale$2,301/ac
Profit if resale lands off target
-20%
$295,678
-10%
$530,181
0%
$764,684
+10%
$999,187
+20%
$1,233,690
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-849796
Gravel · Power at road
664.2Nov 18, 2024$2,949,0004,4403,1262.0 mi
77
IA-329680
Gravel · Full utilities
610.7Mar 1, 2025$5,320,7008,7134,8477.3 mi
71
IA-129506
Dirt · Off grid
538.4Sep 16, 2024$1,564,5002,9062,6435.9 mi
68
IA-418592
Gravel · Full utilities
277.7Dec 16, 2024$1,805,8006,5042,8842.7 mi
62
IA-617267
Dirt · Full utilities
106.3Sep 3, 2025$1,122,40010,5564,0770.9 mi
59
IA-507359
Dirt · Off grid
113.7Sep 2, 2025$759,9006,6863,7706.0 mi
57
IA-597381
Dirt · Off grid
115.5Apr 27, 2025$590,0005,1092,9334.1 mi
56
IA-226933
Landlocked · Power at road
83.5Apr 16, 2024$412,6004,9422,9334.7 mi
54
Show adjustment detail for the top comp
  • Tract size (664.22 ac → 746.38 ac)-3.5%
  • Access (Gravel → Landlocked)-32.0%
  • Market time (21 mo)+7.3%

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.