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Franklin County, IA · Sold

IA-735951

9809 County Road 93

$263,200
$6,423/ac · 40.98 ac
Acreage40.98 ac
Price per acre$6,423/ac
ZoningUnzoned
Road accessLandlocked
UtilitiesPower at road
TopographyMixed
ListedMar 30, 2025
Coordinates42.6987, -93.2029
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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

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

1 item to verify before you offer.

Risk index
32
Moderate risk
Wetlands4.5% of tract

Little to no mapped wetland coverage.

Average slope8.6%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power216 ft away

Power at or near the road.

Buildable area37.18 of 40.98 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$405,697
$327,478$483,916 · $9,900/ac on 40.98 ac
Asking vs estimate
-35.1%
Priced below 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 $263,200
Maximum allowable offer
$231,827
$5,657/ac · +30.0% target margin

You need $31,373 off asking to hit this margin.

All-in cost$251,532
Net resale$373,241
Projected profit$121,709
ROI+48.4%
Annualized+69.2%
Break-even resale$6,672/ac
Profit if resale lands off target
-20%
$47,061
-10%
$84,385
0%
$121,709
+10%
$159,033
+20%
$196,357
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-466657
Gravel · Off grid
68.3Jul 27, 2026$953,00013,94312,4096.8 mi
76
IA-977515
Landlocked · Full utilities
127.3Jul 27, 2026$1,331,10010,46011,0830.9 mi
76
IA-217204
Paved · Full utilities
101.6Mar 23, 2025$1,593,10015,6829,5550.7 mi
70
IA-794833
Gravel · Power at road
18.2Oct 31, 2025$201,70011,0626,8684.2 mi
69
IA-724888
Landlocked · Power at road
19.0Jul 11, 2025$223,00011,74810,9137.8 mi
69
IA-397523
Gravel · Off grid
128.0Sep 20, 2024$911,2007,1197,9453.0 mi
59
Show adjustment detail for the top comp
  • Tract size (68.35 ac → 40.98 ac)+11.0%
  • Access (Gravel → Landlocked)-32.0%
  • Utilities (Off grid → Power at road)+17.6%

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.