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Johnson County, IA · Sold

IA-209259

1011 County Road 242

$2,826,000
$6,278/ac · 450 ac
Acreage450 ac
Price per acre$6,278/ac
ZoningMixed Use
Road accessDirt
UtilitiesOff grid
TopographyFlat
ListedMay 25, 2025
Coordinates41.6489, -91.5482
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

1 item to verify before you offer.

Risk index
8
Low risk
Wetlands6.0% of tract

Little to no mapped wetland coverage.

Average slope3.6%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

4,910 ft of deeded road frontage.

Power3,778 ft away

Service extension needed; get a utility quote.

Buildable area401.99 of 450.16 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,495,018
$2,107,708$2,882,329 · $5,543/ac on 450 ac
Asking vs estimate
+13.3%
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 $2,826,000
Maximum allowable offer
$1,425,725
$3,167/ac · +30.0% target margin

You need $1,400,275 off asking to hit this margin.

All-in cost$1,546,912
Net resale$2,295,417
Projected profit$748,505
ROI+48.4%
Annualized+69.2%
Break-even resale$3,735/ac
Profit if resale lands off target
-20%
$289,422
-10%
$518,963
0%
$748,505
+10%
$978,047
+20%
$1,207,588
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-829328
Landlocked · Power at road
473.2Feb 15, 2026$1,994,5004,2154,6953.1 mi
87
IA-989077
Dirt · Full utilities
394.6Feb 9, 2026$3,590,9009,1016,2274.6 mi
87
IA-659228
Landlocked · Power at road
440.2Mar 4, 2025$2,249,6005,1115,7900.0 mi
84
IA-357660
Dirt · Power at road
141.3Jan 29, 2026$1,474,70010,4336,5222.6 mi
69
IA-358480
Dirt · Power at road
256.0Jun 12, 2024$1,535,3005,9974,7132.8 mi
68
IA-238291
Dirt · Full utilities
223.3Apr 23, 2025$2,269,00010,1636,0886.6 mi
67
IA-587778
Landlocked · Off grid
154.0Dec 10, 2025$626,0004,0663,8917.6 mi
65
IA-197711
Paved · Power at road
146.7Dec 28, 2024$1,991,20013,5766,5262.8 mi
61
IA-217709
Gravel · Power at road
146.5Mar 27, 2025$1,413,7009,6535,4216.2 mi
59
Show adjustment detail for the top comp
  • Tract size (473.23 ac → 450.16 ac)+1.5%
  • Access (Landlocked → Dirt)+26.5%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (6 mo)+2.1%

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.