IA-119639
271 County Road 248
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Franklin County, Iowa. The benchmark corn-belt farmland market; auctions set transparent comps.
View Franklin market data →Step 1 · Is this a deal?
4 items to verify before you offer.
Partial wetlands. Verify the delineated build envelope.
Gentle grade, straightforward to develop.
Inside the 100-year floodplain — insurance and elevation apply.
2,524 ft of deeded road frontage.
A long utility run — price in solar/off-grid instead.
Net of wetlands and slope constraints.
Step 2 · Where do the numbers land?
Weighted from 7 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.
Comps, diligence flags, an offer number and what to ask the seller.
You need $864,453 off asking to hit this margin.
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Dist | Match |
|---|---|---|---|---|---|---|---|
| IA-899443 Dirt · Off grid | 514.3 | Feb 10, 2026 | $2,928,400 | 5,693 | 6,477 | 8.9 mi | 83 |
| IA-649257 Dirt · Power at road | 449.5 | Sep 28, 2025 | $3,667,500 | 8,159 | 7,691 | 5.8 mi | 74 |
| IA-359402 Paved · Full utilities | 499.3 | Aug 16, 2024 | $3,889,900 | 7,791 | 4,733 | 5.3 mi | 70 |
| IA-977515 Landlocked · Full utilities | 127.3 | Jul 27, 2026 | $1,331,100 | 10,460 | 6,914 | 2.9 mi | 68 |
| IA-397523 Gravel · Off grid | 128.0 | Sep 20, 2024 | $911,200 | 7,119 | 4,957 | 1.8 mi | 62 |
| IA-688021 Paved · Full utilities | 183.6 | Feb 4, 2025 | $2,942,000 | 16,024 | 7,149 | 4.7 mi | 59 |
| IA-727788 Dirt · Off grid | 155.1 | Jun 30, 2025 | $925,700 | 5,969 | 4,930 | 9.2 mi | 59 |
Show adjustment detail for the top comp
- Tract size (514.34 ac → 592.81 ac)-4.2%
- Access (Dirt → Gravel)+16.3%
- Market time (6 mo)+2.1%
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.