Butler County, IA · Sold

IA-754918

2687 County Road 367

$286,600

$14,781/ac · 19.39 ac

Offer report Market this tract

Acreage19.39 ac

Price per acre$14,781/ac

ZoningAgricultural

Road accessGravel

UtilitiesOff grid

TopographyRolling

ListedMay 10, 2024

Coordinates42.7337, -92.8796

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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

2 items to verify before you offer.

Risk index

Low risk

Wetlands10.4% of tract

Little to no mapped wetland coverage.

Average slope7.5%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

878 ft of deeded road frontage.

Power10,092 ft away

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

Buildable area16.50 of 19.39 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$254,846

$215,684 – $294,008 · $13,143/ac on 19.39 ac

Asking vs estimate

+12.5%

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 $286,600

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$145,626

$7,510/ac · +30.0% target margin

You need $140,974 off asking to hit this margin.

All-in cost$158,004

Net resale$234,458

Projected profit$76,454

ROI+48.4%

Annualized+69.3%

Break-even resale$8,857/ac

Profit if resale lands off target

-20%

$29,562

-10%

$53,008

$76,454

+10%

$99,900

+20%

$123,346

Comparable sales8 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
IA-314719 Gravel · Power at road	16.8	Jul 4, 2026	$259,100	15,430	12,953	5.0 mi	85
IA-224727 Gravel · Full utilities	16.9	Jul 27, 2026	$406,300	24,055	16,520	8.9 mi	84
IA-894619 Gravel · Power at road	15.6	Dec 10, 2025	$185,000	11,843	10,094	10.4 mi	76
IA-704040 Landlocked · Power at road	10.3	Jul 8, 2025	$107,800	10,500	12,866	4.2 mi	72
IA-576203 Dirt · Full utilities	49.2	Jul 27, 2026	$787,600	16,012	15,121	5.8 mi	71
IA-253726 Paved · Full utilities	8.2	Nov 10, 2025	$202,100	24,704	13,863	6.8 mi	65
IA-646543 Dirt · Power at road	62.9	May 1, 2025	$535,400	8,507	10,852	4.1 mi	65
IA-574047 Landlocked · Full utilities	10.3	May 11, 2024	$120,600	11,684	12,286	6.2 mi	62

Show adjustment detail for the top comp

Tract size (16.79 ac → 19.39 ac)-1.7%
Utilities (Power at road → Off grid)-15.0%
Market time (1 mo)+0.5%

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