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Benton County, IA · Sold

IA-843844

9246 County Road 227

$87,200
$9,787/ac · 8.91 ac
Acreage8.91 ac
Price per acre$9,787/ac
ZoningUnzoned
Road accessGravel
UtilitiesOff grid
TopographySloped
ListedOct 1, 2023
Coordinates42.0521, -92.1511
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

3 items to verify before you offer.

Risk index
34
Moderate risk
Wetlands2.8% of tract

Little to no mapped wetland coverage.

Average slope30.5%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

404 ft of deeded road frontage.

Power10,610 ft away

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

Buildable area5.20 of 8.91 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$88,536
$69,337$107,735 · $9,937/ac on 8.91 ac
Asking vs estimate
-1.5%
In line with 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 $87,200
Maximum allowable offer
$50,592
$5,678/ac · +30.0% target margin

You need $36,608 off asking to hit this margin.

All-in cost$54,892
Net resale$81,453
Projected profit$26,561
ROI+48.4%
Annualized+69.3%
Break-even resale$6,696/ac
Profit if resale lands off target
-20%
$10,270
-10%
$18,416
0%
$26,561
+10%
$34,706
+20%
$42,852
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-434086
Gravel · Full utilities
10.6Dec 23, 2025$127,60012,0288,7256.3 mi
79
IA-973619
Landlocked · Power at road
7.6May 11, 2026$71,9009,50211,87512.4 mi
76
IA-884327
Dirt · Power at road
12.6Sep 10, 2025$101,3008,0128,4724.2 mi
73
IA-632104
Dirt · Power at road
2.5Jan 17, 2026$21,5008,5028,1278.5 mi
66
IA-291988
Dirt · Power at road
2.3Jun 28, 2025$21,2009,1268,9045.9 mi
60
IA-581676
Dirt · Power at road
1.9Dec 27, 2024$14,3007,7097,63711.3 mi
56
IA-241569
Dirt · Off grid
1.7Apr 13, 2025$18,60010,88812,52610.6 mi
55
IA-671980
Dirt · Power at road
2.3Apr 28, 2025$33,00014,27114,01611.6 mi
55
Show adjustment detail for the top comp
  • Tract size (10.61 ac → 8.91 ac)+1.4%
  • Utilities (Full utilities → Off grid)-30.3%
  • Market time (8 mo)+2.7%

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.