Butler County, IA · Sold

IA-501489

5446 County Road 287

$44,500

$27,469/ac · 1.62 ac

Offer report Market this tract

Acreage1.62 ac

Price per acre$27,469/ac

ZoningMixed Use

Road accessGravel

UtilitiesPower at road

TopographyRolling

ListedMar 10, 2025

Coordinates42.7904, -92.7359

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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

No material red flags on the mapped layers.

Risk index

Low risk

Wetlands6.6% of tract

Little to no mapped wetland coverage.

Average slope9.2%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

225 ft of deeded road frontage.

Power211 ft away

Power at or near the road.

Buildable area1.44 of 1.62 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$32,216

$27,300 – $37,131 · $19,886/ac on 1.62 ac

Asking vs estimate

+38.1%

Priced above the comp set

Weighted from 10 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 $44,500

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$18,409

$11,364/ac · +30.0% target margin

You need $26,091 off asking to hit this margin.

All-in cost$19,974

Net resale$29,638

Projected profit$9,665

ROI+48.4%

Annualized+69.2%

Break-even resale$13,402/ac

Profit if resale lands off target

-20%

$3,737

-10%

$6,701

$9,665

+10%

$12,628

+20%

$15,592

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
IA-591199 Dirt · Full utilities	1.3	Jul 27, 2026	$27,100	20,683	19,694	0.9 mi	85
IA-641698 Landlocked · Off grid	1.9	May 3, 2026	$18,200	9,692	17,014	4.4 mi	81
IA-920870 Gravel · Power at road	1.0	Aug 9, 2025	$16,900	16,427	17,026	2.1 mi	78
IA-382193 Dirt · Full utilities	2.7	Aug 5, 2025	$56,200	20,907	21,010	1.8 mi	76
IA-272411 Paved · Power at road	3.1	Jul 27, 2026	$89,200	28,314	24,415	6.2 mi	76
IA-341036 Gravel · Power at road	1.2	Sep 3, 2024	$23,900	20,629	22,213	1.8 mi	75
IA-942739 Dirt · Full utilities	4.0	Jun 18, 2026	$97,900	24,472	24,032	2.7 mi	73
IA-210843 Dirt · Power at road	1.0	Mar 6, 2025	$15,500	15,345	18,808	4.0 mi	70
IA-222449 Gravel · Power at road	3.2	Nov 2, 2023	$40,500	12,494	14,182	5.0 mi	65
IA-560090 Gravel · Power at road	0.6	Mar 24, 2025	$11,300	19,167	20,077	11.8 mi	62

Show adjustment detail for the top comp

Access (Dirt → Gravel)+16.3%
Utilities (Full utilities → Power at road)-18.0%

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