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Benton County, IA · Sold

IA-418592

8644 County Road 371

$2,178,300
$7,845/ac · 278 ac
Acreage278 ac
Price per acre$7,845/ac
ZoningRecreational
Road accessGravel
UtilitiesFull utilities
TopographyWooded
ListedOct 30, 2024
Coordinates42.1386, -92.0415
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
3
Low risk
Wetlands1.4% of tract

Little to no mapped wetland coverage.

Average slope5.4%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,604 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area260.08 of 277.66 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,365,429
$1,902,288$2,828,570 · $8,519/ac on 278 ac
Asking vs estimate
-7.9%
Priced below 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 $2,178,300
Maximum allowable offer
$1,351,674
$4,868/ac · +30.0% target margin

You need $826,626 off asking to hit this margin.

All-in cost$1,466,566
Net resale$2,176,195
Projected profit$709,628
ROI+48.4%
Annualized+69.2%
Break-even resale$5,741/ac
Profit if resale lands off target
-20%
$274,389
-10%
$492,009
0%
$709,628
+10%
$927,248
+20%
$1,144,867
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-617267
Dirt · Full utilities
106.3Sep 3, 2025$1,122,40010,5569,8371.8 mi
73
IA-849796
Gravel · Power at road
664.2Nov 18, 2024$2,949,0004,4407,5424.5 mi
69
IA-329680
Gravel · Full utilities
610.7Mar 1, 2025$5,320,7008,71311,6936.6 mi
67
IA-597381
Dirt · Off grid
115.5Apr 27, 2025$590,0005,1097,0772.9 mi
65
IA-507359
Dirt · Off grid
113.7Sep 2, 2025$759,9006,6869,0956.0 mi
64
IA-129506
Dirt · Off grid
538.4Sep 16, 2024$1,564,5002,9066,3775.8 mi
63
IA-469957
Landlocked · Power at road
746.4Apr 2, 2025$2,643,3003,5429,0362.7 mi
63
IA-226933
Landlocked · Power at road
83.5Apr 16, 2024$412,6004,9427,0753.4 mi
57
Show adjustment detail for the top comp
  • Tract size (106.33 ac → 277.66 ac)-22.9%
  • Access (Dirt → Gravel)+16.3%
  • Market time (11 mo)+4.0%

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.