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Johnson County, IA · Sold

IA-935839

5002 County Road 117

$366,900
$9,709/ac · 37.79 ac
Acreage37.79 ac
Price per acre$9,709/ac
ZoningUnzoned
Road accessDirt
UtilitiesOff grid
TopographyMixed
ListedFeb 24, 2025
Coordinates41.7562, -91.6220
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

2 items to verify before you offer.

Risk index
25
Low risk
Wetlands4.2% of tract

Little to no mapped wetland coverage.

Average slope8.9%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power9,140 ft away

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

Buildable area34.39 of 37.79 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$452,167
$415,993$488,340 · $11,965/ac on 37.79 ac
Asking vs estimate
-18.9%
Priced below the comp set

Weighted from 5 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 $366,900
Maximum allowable offer
$258,381
$6,837/ac · +30.0% target margin

You need $108,519 off asking to hit this margin.

All-in cost$280,343
Net resale$415,993
Projected profit$135,650
ROI+48.4%
Annualized+69.2%
Break-even resale$8,064/ac
Profit if resale lands off target
-20%
$52,451
-10%
$94,050
0%
$135,650
+10%
$177,249
+20%
$218,848
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-255046
Dirt · Power at road
21.3Apr 11, 2026$322,80015,16811,9636.1 mi
75
IA-325506
Landlocked · Off grid
29.7Jul 1, 2024$249,5008,40411,1157.5 mi
74
IA-764347
Dirt · Off grid
12.8Oct 22, 2024$177,80013,87012,8865.5 mi
63
IA-497407
Gravel · Off grid
117.7Apr 13, 2025$1,224,40010,40512,1276.8 mi
61
IA-454419
Gravel · Power at road
13.5Aug 1, 2024$232,90017,24211,87411.8 mi
55
Show adjustment detail for the top comp
  • Tract size (21.28 ac → 37.79 ac)-8.5%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (4 mo)+1.5%

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.