Butler County, IA · Sold

IA-574047

5823 County Road 236

$136,400

$13,217/ac · 10.32 ac

Offer report Market this tract

Acreage10.32 ac

Price per acre$13,217/ac

ZoningResidential

Road accessLandlocked

UtilitiesFull utilities

TopographyFlat

ListedMar 28, 2024

Coordinates42.6733, -92.7896

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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

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

View Butler market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index

Moderate risk

Wetlands11.1% of tract

Little to no mapped wetland coverage.

Average slope2.8%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessLandlocked

No legal access of record — resale is severely limited.

PowerOn site

Power at or near the road.

Buildable area8.72 of 10.32 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$151,393

$122,474 – $180,313 · $14,670/ac on 10.32 ac

Asking vs estimate

-9.9%

Priced below the comp set

Weighted from 9 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 $136,400

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$86,511

$8,383/ac · +30.0% target margin

You need $49,889 off asking to hit this margin.

All-in cost$93,864

Net resale$139,282

Projected profit$45,417

ROI+48.4%

Annualized+69.2%

Break-even resale$9,886/ac

Profit if resale lands off target

-20%

$17,561

-10%

$31,489

$45,417

+10%

$59,346

+20%

$73,274

Comparable sales9 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
IA-224727 Gravel · Full utilities	16.9	Jul 27, 2026	$406,300	24,055	17,205	5.9 mi	83
IA-704040 Landlocked · Power at road	10.3	Jul 8, 2025	$107,800	10,500	13,399	5.0 mi	81
IA-253726 Paved · Full utilities	8.2	Nov 10, 2025	$202,100	24,704	14,438	6.8 mi	77
IA-272411 Paved · Power at road	3.1	Jul 27, 2026	$89,200	28,314	18,739	4.7 mi	74
IA-314719 Gravel · Power at road	16.8	Jul 4, 2026	$259,100	15,430	13,490	10.3 mi	74
IA-942739 Dirt · Full utilities	4.0	Jun 18, 2026	$97,900	24,472	18,445	5.9 mi	72
IA-894619 Gravel · Power at road	15.6	Dec 10, 2025	$185,000	11,843	10,513	9.1 mi	71
IA-754918 Gravel · Off grid	19.4	Mar 20, 2025	$239,600	12,357	13,630	6.2 mi	65
IA-222449 Gravel · Power at road	3.2	Nov 2, 2023	$40,500	12,494	10,885	3.8 mi	57

Show adjustment detail for the top comp

Tract size (16.89 ac → 10.32 ac)+4.9%
Access (Gravel → Landlocked)-32.0%

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.

Build the listing kit Post a deal or JV