Iowa County, IA · Sold

IA-855205

5037 County Road 240

$411,200

$17,227/ac · 23.87 ac

Offer report Market this tract

Acreage23.87 ac

Price per acre$17,227/ac

ZoningResidential

Road accessGravel

UtilitiesPower at road

TopographyFlat

ListedMay 12, 2026

Coordinates41.6616, -92.0769

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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

3 items to verify before you offer.

Risk index

Low risk

Wetlands13.9% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.3%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

567 ft of deeded road frontage.

Power111 ft away

Power at or near the road.

Buildable area19.52 of 23.87 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$361,656

$283,106 – $440,206 · $15,151/ac on 23.87 ac

Asking vs estimate

+13.7%

Priced above 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 $411,200

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$206,661

$8,658/ac · +30.0% target margin

You need $204,539 off asking to hit this margin.

All-in cost$224,227

Net resale$332,724

Projected profit$108,497

ROI+48.4%

Annualized+69.2%

Break-even resale$10,211/ac

Profit if resale lands off target

-20%

$41,952

-10%

$75,224

$108,497

+10%

$141,769

+20%

$175,041

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
IA-195204 Gravel · Power at road	23.9	Dec 22, 2025	$303,100	12,703	13,048	7.5 mi	84
IA-324567 Gravel · Off grid	15.0	Mar 31, 2026	$259,200	17,233	19,448	6.4 mi	81
IA-855763 Gravel · Off grid	35.8	Jul 24, 2026	$347,000	9,701	12,197	6.8 mi	80
IA-623605 Paved · Power at road	7.5	Apr 28, 2026	$199,200	26,590	20,318	4.2 mi	74
IA-455056 Paved · Power at road	21.4	Apr 12, 2024	$420,000	19,598	17,975	5.4 mi	73
IA-605759 Dirt · Full utilities	35.7	Apr 29, 2025	$391,900	10,989	11,767	9.1 mi	67
IA-674058 Landlocked · Power at road	10.4	Oct 16, 2024	$115,900	11,143	16,094	5.7 mi	63
IA-616506 Paved · Power at road	61.3	Jan 29, 2025	$937,200	15,296	16,340	6.4 mi	62
IA-236147 Paved · Off grid	47.2	May 20, 2024	$414,300	8,771	10,737	6.1 mi	61
IA-403493 Landlocked · Off grid	6.9	Oct 3, 2025	$54,500	7,888	12,532	7.4 mi	60

Show adjustment detail for the top comp

Market time (8 mo)+2.7%

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.

Build the listing kit Post a deal or JV