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Franklin County, IA · Sold

IA-359402

2606 County Road 33

$4,086,000
$8,184/ac · 499 ac
Acreage499 ac
Price per acre$8,184/ac
ZoningRecreational
Road accessPaved
UtilitiesFull utilities
TopographySloped
ListedNov 17, 2023
Coordinates42.7167, -93.3464
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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

2 items to verify before you offer.

Risk index
21
Low risk
Wetlands0.3% of tract

Little to no mapped wetland coverage.

Average slope25.2%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,014 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area298.68 of 499.29 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$5,517,188
$4,437,224$6,597,152 · $11,050/ac on 499 ac
Asking vs estimate
-25.9%
Priced below 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 $4,086,000
Maximum allowable offer
$3,152,679
$6,314/ac · +30.0% target margin

You need $933,321 off asking to hit this margin.

All-in cost$3,420,657
Net resale$5,075,813
Projected profit$1,655,156
ROI+48.4%
Annualized+69.2%
Break-even resale$7,447/ac
Profit if resale lands off target
-20%
$639,994
-10%
$1,147,575
0%
$1,655,156
+10%
$2,162,737
+20%
$2,670,319
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-119639
Gravel · Off grid
592.8Mar 19, 2026$2,693,0004,5438,2445.3 mi
79
IA-899443
Dirt · Off grid
514.3Feb 10, 2026$2,928,4005,69311,55610.6 mi
78
IA-649257
Dirt · Power at road
449.5Sep 28, 2025$3,667,5008,15913,7233.8 mi
78
IA-688021
Paved · Full utilities
183.6Feb 4, 2025$2,942,00016,02412,7553.2 mi
71
IA-727788
Dirt · Off grid
155.1Jun 30, 2025$925,7005,9698,7965.5 mi
65
Show adjustment detail for the top comp
  • Tract size (592.81 ac → 499.29 ac)+5.3%
  • Access (Gravel → Paved)+18.0%
  • Utilities (Off grid → Full utilities)+43.5%
  • 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.