Iowa County, IA · Sold

IA-674058

8612 County Road 277

$108,000

$10,385/ac · 10.40 ac

Offer report Market this tract

Acreage10.40 ac

Price per acre$10,385/ac

ZoningRecreational

Road accessLandlocked

UtilitiesPower at road

TopographyMixed

ListedMar 5, 2024

Coordinates41.5977, -92.1474

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County GIS boundary

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County market

Iowa County, Iowa. The benchmark corn-belt farmland market; auctions set transparent comps.

View Iowa market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index

Moderate risk

Wetlands13.0% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.1%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power188 ft away

Power at or near the road.

Buildable area8.60 of 10.40 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$119,541

$94,396 – $144,687 · $11,494/ac on 10.40 ac

Asking vs estimate

-9.7%

Priced below the comp set

Weighted from 10 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 $108,000

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$68,309

$6,568/ac · +30.0% target margin

You need $39,691 off asking to hit this margin.

All-in cost$74,115

Net resale$109,978

Projected profit$35,863

ROI+48.4%

Annualized+69.3%

Break-even resale$7,746/ac

Profit if resale lands off target

-20%

$13,867

-10%

$24,865

$35,863

+10%

$46,861

+20%

$57,858

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
IA-623605 Paved · Power at road	7.5	Apr 28, 2026	$199,200	26,590	15,149	8.4 mi	77
IA-742742 Dirt · Full utilities	4.0	Jul 27, 2026	$50,700	12,654	7,779	6.2 mi	76
IA-855205 Gravel · Power at road	23.9	Jul 27, 2026	$419,400	17,571	13,130	5.7 mi	74
IA-324567 Gravel · Off grid	15.0	Mar 31, 2026	$259,200	17,233	14,500	11.6 mi	72
IA-503367 Paved · Power at road	6.3	Jun 4, 2025	$121,400	19,264	11,268	4.6 mi	71
IA-403493 Landlocked · Off grid	6.9	Oct 3, 2025	$54,500	7,888	9,344	11.7 mi	71
IA-195204 Gravel · Power at road	23.9	Dec 22, 2025	$303,100	12,703	9,728	11.3 mi	66
IA-455056 Paved · Power at road	21.4	Apr 12, 2024	$420,000	19,598	13,402	9.6 mi	65
IA-855763 Gravel · Off grid	35.8	Jul 24, 2026	$347,000	9,701	9,094	12.0 mi	65
IA-243371 Gravel · Power at road	6.3	Aug 6, 2024	$98,400	15,568	11,102	13.3 mi	62

Show adjustment detail for the top comp

Tract size (7.49 ac → 10.4 ac)-2.4%
Access (Paved → Landlocked)-42.4%
Market time (4 mo)+1.3%

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.

Build the listing kit Post a deal or JV