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Franklin County, IA · Sold

IA-724888

5442 County Road 273

$232,500
$12,250/ac · 18.98 ac
Acreage18.98 ac
Price per acre$12,250/ac
ZoningAgricultural
Road accessLandlocked
UtilitiesPower at road
TopographyMixed
ListedJul 16, 2024
Coordinates42.7599, -93.3317
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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
31
Moderate risk
Wetlands8.1% of tract

Little to no mapped wetland coverage.

Average slope4.9%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power45 ft away

Power at or near the road.

Buildable area16.57 of 18.98 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$192,721
$151,477$233,965 · $10,154/ac on 18.98 ac
Asking vs estimate
+20.6%
Priced above 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 $232,500
Maximum allowable offer
$110,126
$5,802/ac · +30.0% target margin

You need $122,374 off asking to hit this margin.

All-in cost$119,487
Net resale$177,303
Projected profit$57,817
ROI+48.4%
Annualized+69.3%
Break-even resale$6,843/ac
Profit if resale lands off target
-20%
$22,356
-10%
$40,086
0%
$57,817
+10%
$75,547
+20%
$93,277
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-794833
Gravel · Power at road
18.2Oct 31, 2025$201,70011,0627,7336.0 mi
85
IA-735951
Landlocked · Power at road
41.0Jun 14, 2025$277,1006,7637,9907.8 mi
69
IA-543324
Landlocked · Off grid
6.1Oct 17, 2025$69,90011,44012,6333.8 mi
67
IA-933383
Dirt · Off grid
6.4Feb 8, 2026$67,50010,5729,1354.0 mi
66
IA-364024
Paved · Power at road
10.2Mar 1, 2025$194,50019,16110,9968.0 mi
66
IA-823668
Landlocked · Off grid
7.8Sep 9, 2024$88,80011,32413,2632.8 mi
65
Show adjustment detail for the top comp
  • Access (Gravel → Landlocked)-32.0%
  • Market time (9 mo)+3.3%

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.