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Franklin County, IA · Sold

IA-899443

1265 County Road 355

$2,757,400
$5,361/ac · 514 ac
Acreage514 ac
Price per acre$5,361/ac
ZoningAgricultural
Road accessDirt
UtilitiesOff grid
TopographyMixed
ListedMay 20, 2025
Coordinates42.8164, -93.1882
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

4 items to verify before you offer.

Risk index
30
Low risk
Wetlands17.0% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope9.7%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

1,759 ft of deeded road frontage.

Power9,994 ft away

A long utility run — price in solar/off-grid instead.

Buildable area405.56 of 514.34 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,677,258
$2,061,044$3,293,471 · $5,205/ac on 514 ac
Asking vs estimate
+3.0%
In line with the comp set

Weighted from 5 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 $2,757,400
Maximum allowable offer
$1,529,862
$2,974/ac · +30.0% target margin

You need $1,227,538 off asking to hit this margin.

All-in cost$1,659,900
Net resale$2,463,077
Projected profit$803,177
ROI+48.4%
Annualized+69.2%
Break-even resale$3,508/ac
Profit if resale lands off target
-20%
$310,561
-10%
$556,869
0%
$803,177
+10%
$1,049,485
+20%
$1,295,792
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-119639
Gravel · Off grid
592.8Mar 19, 2026$2,693,0004,5434,1498.9 mi
84
IA-649257
Dirt · Power at road
449.5Sep 28, 2025$3,667,5008,1596,9067.1 mi
78
IA-359402
Paved · Full utilities
499.3Aug 16, 2024$3,889,9007,7914,25010.6 mi
70
IA-727788
Dirt · Off grid
155.1Jun 30, 2025$925,7005,9694,4268.9 mi
63
IA-688021
Paved · Full utilities
183.6Feb 4, 2025$2,942,00016,0246,4187.4 mi
60
Show adjustment detail for the top comp
  • Tract size (592.81 ac → 514.34 ac)+4.4%
  • Access (Gravel → Dirt)-14.0%
  • Market time (5 mo)+1.7%

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.