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Johnson County, IA · Sold

IA-659228

3831 County Road 275

$2,723,500
$6,188/ac · 440 ac
Acreage440 ac
Price per acre$6,188/ac
ZoningMixed Use
Road accessLandlocked
UtilitiesPower at road
TopographyMixed
ListedMar 11, 2024
Coordinates41.6484, -91.5485
Loading terrain…
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

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

View Johnson market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
44
Moderate risk
Wetlands15.9% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope8.5%

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.

Power32 ft away

Power at or near the road.

Buildable area351.67 of 440.16 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,257,254
$1,906,353$2,608,154 · $5,128/ac on 440 ac
Asking vs estimate
+20.7%
Priced above the comp set

Weighted from 9 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 $2,723,500
Maximum allowable offer
$1,289,859
$2,930/ac · +30.0% target margin

You need $1,433,641 off asking to hit this margin.

All-in cost$1,399,497
Net resale$2,076,674
Projected profit$677,177
ROI+48.4%
Annualized+69.2%
Break-even resale$3,456/ac
Profit if resale lands off target
-20%
$261,842
-10%
$469,509
0%
$677,177
+10%
$884,844
+20%
$1,092,511
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-209259
Dirt · Off grid
450.2Jul 27, 2026$2,410,6005,3555,0260.0 mi
94
IA-829328
Landlocked · Power at road
473.2Feb 15, 2026$1,994,5004,2154,3973.1 mi
91
IA-989077
Dirt · Full utilities
394.6Feb 9, 2026$3,590,9009,1015,8324.6 mi
84
IA-357660
Dirt · Power at road
141.3Jan 29, 2026$1,474,70010,4336,1082.6 mi
69
IA-358480
Dirt · Power at road
256.0Jun 12, 2024$1,535,3005,9974,4142.8 mi
68
IA-587778
Landlocked · Off grid
154.0Dec 10, 2025$626,0004,0663,6447.6 mi
66
IA-238291
Dirt · Full utilities
223.3Apr 23, 2025$2,269,00010,1635,7026.6 mi
64
IA-197711
Paved · Power at road
146.7Dec 28, 2024$1,991,20013,5766,1122.8 mi
63
IA-217709
Gravel · Power at road
146.5Mar 27, 2025$1,413,7009,6535,0776.2 mi
62
Show adjustment detail for the top comp
  • Tract size (450.16 ac → 440.16 ac)+0.7%
  • 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.