Johnson County, IA · Sold

IA-358480

464 County Road 190

$1,539,900

$6,015/ac · 256 ac

Offer report Market this tract

Acreage256 ac

Price per acre$6,015/ac

ZoningResidential

Road accessDirt

UtilitiesPower at road

TopographySloped

ListedApr 19, 2024

Coordinates41.6392, -91.4963

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

3 items to verify before you offer.

Risk index

Low risk

Wetlands4.2% of tract

Little to no mapped wetland coverage.

Average slope18.2%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power26 ft away

Power at or near the road.

Buildable area196.21 of 256.02 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$2,028,099

$1,735,946 – $2,320,251 · $7,922/ac on 256 ac

Asking vs estimate

-24.1%

Priced below 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 $1,539,900

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$1,158,914

$4,527/ac · +30.0% target margin

You need $380,986 off asking to hit this margin.

All-in cost$1,257,422

Net resale$1,865,851

Projected profit$608,429

ROI+48.4%

Annualized+69.2%

Break-even resale$5,338/ac

Profit if resale lands off target

-20%

$235,259

-10%

$421,844

$608,429

+10%

$795,014

+20%

$981,599

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
IA-209259 Dirt · Off grid	450.2	Jul 27, 2026	$2,410,600	5,355	7,452	2.8 mi	81
IA-357660 Dirt · Power at road	141.3	Jan 29, 2026	$1,474,700	10,433	9,057	0.8 mi	79
IA-829328 Landlocked · Power at road	473.2	Feb 15, 2026	$1,994,500	4,215	6,520	0.9 mi	76
IA-989077 Dirt · Full utilities	394.6	Feb 9, 2026	$3,590,900	9,101	8,647	7.0 mi	75
IA-238291 Dirt · Full utilities	223.3	Apr 23, 2025	$2,269,000	10,163	8,454	8.5 mi	75
IA-197711 Paved · Power at road	146.7	Dec 28, 2024	$1,991,200	13,576	9,062	5.3 mi	72
IA-659228 Landlocked · Power at road	440.2	Mar 4, 2025	$2,249,600	5,111	8,040	2.8 mi	70
IA-587778 Landlocked · Off grid	154.0	Dec 10, 2025	$626,000	4,066	5,403	9.2 mi	69
IA-217709 Gravel · Power at road	146.5	Mar 27, 2025	$1,413,700	9,653	7,527	8.8 mi	66
IA-497407 Gravel · Off grid	117.7	Apr 13, 2025	$1,224,400	10,405	9,000	3.6 mi	65

Show adjustment detail for the top comp

Tract size (450.16 ac → 256.02 ac)+18.0%
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.

Build the listing kit Post a deal or JV