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Johnson County, IA · Sold

IA-325506

5371 County Road 234

$258,300
$8,700/ac · 29.69 ac
Acreage29.69 ac
Price per acre$8,700/ac
ZoningUnzoned
Road accessLandlocked
UtilitiesOff grid
TopographyWooded
ListedSep 27, 2023
Coordinates41.6519, -91.6651
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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

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

5 items to verify before you offer.

Risk index
49
Moderate risk
Wetlands15.5% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope6.5%

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.

Power13,186 ft away

A long utility run — price in solar/off-grid instead.

Buildable area23.83 of 29.69 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$255,894
$211,556$300,232 · $8,619/ac on 29.69 ac
Asking vs estimate
+0.9%
In line with 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 $258,300
Maximum allowable offer
$146,225
$4,925/ac · +30.0% target margin

You need $112,075 off asking to hit this margin.

All-in cost$158,654
Net resale$235,422
Projected profit$76,768
ROI+48.4%
Annualized+69.3%
Break-even resale$5,808/ac
Profit if resale lands off target
-20%
$29,684
-10%
$53,226
0%
$76,768
+10%
$100,311
+20%
$123,853
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-935839
Dirt · Off grid
37.8Nov 19, 2025$342,3009,0587,6917.5 mi
80
IA-255046
Dirt · Power at road
21.3Apr 11, 2026$322,80015,1689,8524.1 mi
78
IA-983704
Paved · Full utilities
8.1Jul 27, 2026$165,50020,5627,1649.9 mi
70
IA-303276
Gravel · Full utilities
5.9Dec 10, 2025$102,60017,3947,2040.9 mi
68
IA-587778
Landlocked · Off grid
154.0Dec 10, 2025$626,0004,0665,9958.3 mi
63
IA-764347
Dirt · Off grid
12.8Oct 22, 2024$177,80013,87010,6139.6 mi
61
IA-357660
Dirt · Power at road
141.3Jan 29, 2026$1,474,70010,43310,0508.4 mi
60
IA-497407
Gravel · Off grid
117.7Apr 13, 2025$1,224,40010,4059,9876.3 mi
59
IA-454419
Gravel · Power at road
13.5Aug 1, 2024$232,90017,2429,7799.1 mi
59
IA-217709
Gravel · Power at road
146.5Mar 27, 2025$1,413,7009,6538,3533.8 mi
58
Show adjustment detail for the top comp
  • Tract size (37.79 ac → 29.69 ac)+4.2%
  • Access (Dirt → Landlocked)-20.9%
  • Market time (9 mo)+3.1%

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.