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Butler County, IA · Sold

IA-238460

7362 County Road 309

$2,447,600
$9,700/ac · 252 ac
Acreage252 ac
Price per acre$9,700/ac
ZoningUnzoned
Road accessLandlocked
UtilitiesFull utilities
TopographyRolling
ListedJun 24, 2024
Coordinates42.7776, -92.7066
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

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
33
Moderate risk
Wetlands2.0% of tract

Little to no mapped wetland coverage.

Average slope11.1%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

PowerOn site

Power at or near the road.

Buildable area234.93 of 252.34 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,248,255
$1,742,203$2,754,307 · $8,910/ac on 252 ac
Asking vs estimate
+8.9%
Priced above the comp set

Weighted from 7 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 $2,447,600
Maximum allowable offer
$1,284,717
$5,091/ac · +30.0% target margin

You need $1,162,883 off asking to hit this margin.

All-in cost$1,393,918
Net resale$2,068,394
Projected profit$674,476
ROI+48.4%
Annualized+69.2%
Break-even resale$6,004/ac
Profit if resale lands off target
-20%
$260,798
-10%
$467,637
0%
$674,476
+10%
$881,316
+20%
$1,088,155
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-539553
Landlocked · Full utilities
557.0Jul 27, 2026$2,770,3004,9746,3004.6 mi
79
IA-789237
Dirt · Off grid
443.0Jun 14, 2026$3,096,3006,9899,4234.7 mi
75
IA-849390
Paved · Full utilities
495.0Mar 21, 2026$5,912,00011,9448,5366.6 mi
72
IA-509794
Gravel · Off grid
663.3Nov 27, 2024$3,240,7004,8866,8151.2 mi
68
IA-397510
Paved · Power at road
126.8Aug 9, 2024$2,007,30015,83010,0021.0 mi
65
IA-559273
Dirt · Power at road
454.7Oct 4, 2024$3,430,4007,5449,3299.7 mi
62
IA-516761
Dirt · Off grid
73.7Feb 14, 2025$1,095,20014,86113,0125.9 mi
58
Show adjustment detail for the top comp
  • Tract size (557 ac → 252.34 ac)+26.4%

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.