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Franklin County, IA · Sold

IA-980556

9059 County Road 367

$9,100
$11,098/ac · 0.82 ac
Acreage0.82 ac
Price per acre$11,098/ac
ZoningUnzoned
Road accessLandlocked
UtilitiesOff grid
TopographyFlat
ListedJun 13, 2024
Coordinates42.7558, -93.2561
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

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

View Franklin market data →

Step 1 · Is this a deal?

Due diligence

5 items to verify before you offer.

Risk index
55
High risk
Wetlands28.1% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope0.4%

Gentle grade, straightforward to develop.

Flood zoneA

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power3,260 ft away

Service extension needed; get a utility quote.

Buildable area0.56 of 0.82 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$8,701
$7,070$10,332 · $10,611/ac on 0.82 ac
Asking vs estimate
+4.6%
In line with the comp set

Weighted from 6 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 $9,100
Maximum allowable offer
$4,972
$6,064/ac · +30.0% target margin

You need $4,128 off asking to hit this margin.

All-in cost$5,395
Net resale$8,005
Projected profit$2,611
ROI+48.4%
Annualized+69.3%
Break-even resale$7,151/ac
Profit if resale lands off target
-20%
$1,010
-10%
$1,810
0%
$2,611
+10%
$3,411
+20%
$4,212
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-720766
Gravel · Off grid
1.0Feb 21, 2025$11,50011,9618,6523.4 mi
77
IA-460795
Dirt · Off grid
1.0Feb 24, 2025$12,40012,68910,6717.3 mi
73
IA-420271
Paved · Full utilities
0.7May 2, 2024$20,90031,17413,6992.4 mi
71
IA-770219
Paved · Power at road
0.6Jul 4, 2025$13,30020,76210,6278.3 mi
71
IA-471320
Gravel · Full utilities
1.4Apr 10, 2025$22,50015,7007,9096.3 mi
71
IA-321413
Gravel · Full utilities
1.5Nov 4, 2024$36,90024,14212,3833.0 mi
66
Show adjustment detail for the top comp
  • Access (Gravel → Landlocked)-32.0%
  • Market time (18 mo)+6.2%

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.