IA-397523
5790 County Road 364
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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.
Moderate flood hazard on part of the tract.
2,495 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 6 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 $310,528 off asking to hit this margin.
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Dist | Match |
|---|---|---|---|---|---|---|---|
| IA-977515 Landlocked · Full utilities | 127.3 | Jul 27, 2026 | $1,331,100 | 10,460 | 10,725 | 3.5 mi | 87 |
| IA-466657 Gravel · Off grid | 68.3 | Jul 27, 2026 | $953,000 | 13,943 | 12,007 | 8.0 mi | 83 |
| IA-217204 Paved · Full utilities | 101.6 | Mar 23, 2025 | $1,593,100 | 15,682 | 9,246 | 2.3 mi | 74 |
| IA-727788 Dirt · Off grid | 155.1 | Jun 30, 2025 | $925,700 | 5,969 | 7,647 | 10.6 mi | 73 |
| IA-688021 Paved · Full utilities | 183.6 | Feb 4, 2025 | $2,942,000 | 16,024 | 11,088 | 6.2 mi | 68 |
| IA-735951 Landlocked · Power at road | 41.0 | Jun 14, 2025 | $277,100 | 6,763 | 6,866 | 3.0 mi | 62 |
Show adjustment detail for the top comp
- Access (Landlocked → Gravel)+47.1%
- Utilities (Full utilities → Off grid)-30.3%
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.