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Butler County, IA · Sold

IA-704040

2006 County Road 328

$116,200
$11,315/ac · 10.27 ac
Acreage10.27 ac
Price per acre$11,315/ac
ZoningAgricultural
Road accessLandlocked
UtilitiesPower at road
TopographyWooded
ListedSep 7, 2024
Coordinates42.6732, -92.8883
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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

4 items to verify before you offer.

Risk index
42
Moderate risk
Wetlands19.2% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope3.2%

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.

Power8 ft away

Power at or near the road.

Buildable area7.88 of 10.27 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$121,953
$98,130$145,777 · $11,875/ac on 10.27 ac
Asking vs estimate
-4.7%
In line with 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 $116,200
Maximum allowable offer
$69,688
$6,786/ac · +30.0% target margin

You need $46,512 off asking to hit this margin.

All-in cost$75,611
Net resale$112,197
Projected profit$36,586
ROI+48.4%
Annualized+69.2%
Break-even resale$8,003/ac
Profit if resale lands off target
-20%
$14,146
-10%
$25,366
0%
$36,586
+10%
$47,805
+20%
$59,025
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-314719
Gravel · Power at road
16.8Jul 4, 2026$259,10015,43011,0629.2 mi
76
IA-574047
Landlocked · Full utilities
10.3May 11, 2024$120,60011,68410,4925.0 mi
76
IA-224727
Gravel · Full utilities
16.9Jul 27, 2026$406,30024,05514,10810.2 mi
75
IA-253726
Paved · Full utilities
8.2Nov 10, 2025$202,10024,70411,8399.5 mi
73
IA-754918
Gravel · Off grid
19.4Mar 20, 2025$239,60012,35711,1764.2 mi
71
IA-894619
Gravel · Power at road
15.6Dec 10, 2025$185,00011,8438,62012.7 mi
71
IA-272411
Paved · Power at road
3.1Jul 27, 2026$89,20028,31415,3669.4 mi
68
IA-942739
Dirt · Full utilities
4.0Jun 18, 2026$97,90024,47215,1258.6 mi
68
IA-222449
Gravel · Power at road
3.2Nov 2, 2023$40,50012,4948,9266.4 mi
61
Show adjustment detail for the top comp
  • Tract size (16.79 ac → 10.27 ac)+4.9%
  • Access (Gravel → Landlocked)-32.0%
  • 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.