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Iowa County, IA · Sold

IA-608257

9320 County Road 48

$1,311,900
$6,023/ac · 218 ac
Acreage218 ac
Price per acre$6,023/ac
ZoningMixed Use
Road accessLandlocked
UtilitiesPower at road
TopographyMixed
ListedDec 24, 2025
Coordinates41.7243, -92.1257
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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

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
37
Moderate risk
Wetlands12.8% 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 accessLandlocked

No legal access of record — resale is severely limited.

Power39 ft away

Power at or near the road.

Buildable area180.45 of 217.83 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,226,346
$982,325$1,470,367 · $5,630/ac on 218 ac
Asking vs estimate
+7.0%
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 $1,311,900
Maximum allowable offer
$700,769
$3,217/ac · +30.0% target margin

You need $611,131 off asking to hit this margin.

All-in cost$760,334
Net resale$1,128,238
Projected profit$367,904
ROI+48.4%
Annualized+69.2%
Break-even resale$3,794/ac
Profit if resale lands off target
-20%
$142,256
-10%
$255,080
0%
$367,904
+10%
$480,727
+20%
$593,551
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-318482
Dirt · Off grid
256.4Jul 27, 2026$1,255,6004,8974,7821.9 mi
85
IA-178794
Gravel · Off grid
321.4Nov 1, 2025$2,561,7007,9707,3659.2 mi
75
IA-616506
Paved · Power at road
61.3Jan 29, 2025$937,20015,2966,8182.2 mi
62
IA-855763
Gravel · Off grid
35.8Jul 24, 2026$347,0009,7015,0899.2 mi
62
IA-605759
Dirt · Full utilities
35.7Apr 29, 2025$391,90010,9894,9108.4 mi
53
IA-236147
Paved · Off grid
47.2May 20, 2024$414,3008,7714,4808.3 mi
52
Show adjustment detail for the top comp
  • Tract size (256.39 ac → 217.83 ac)+4.7%
  • Access (Dirt → Landlocked)-20.9%
  • Utilities (Off grid → Power at road)+17.6%

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.