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Johnson County, IA · Sold

IA-497407

8969 County Road 358

$1,478,800
$12,566/ac · 118 ac
Acreage118 ac
Price per acre$12,566/ac
ZoningMixed Use
Road accessGravel
UtilitiesOff grid
TopographyFlat
ListedJun 16, 2024
Coordinates41.6757, -91.5468
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
7
Low risk
Wetlands6.8% of tract

Little to no mapped wetland coverage.

Average slope3.2%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,495 ft of deeded road frontage.

Power2,504 ft away

Service extension needed; get a utility quote.

Buildable area104.19 of 117.68 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,109,559
$927,257$1,291,861 · $9,429/ac on 118 ac
Asking vs estimate
+33.3%
Priced above the comp set

Weighted from 8 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 $1,478,800
Maximum allowable offer
$634,034
$5,388/ac · +30.0% target margin

You need $844,766 off asking to hit this margin.

All-in cost$687,927
Net resale$1,020,795
Projected profit$332,868
ROI+48.4%
Annualized+69.2%
Break-even resale$6,354/ac
Profit if resale lands off target
-20%
$128,709
-10%
$230,788
0%
$332,868
+10%
$434,947
+20%
$537,027
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-357660
Dirt · Power at road
141.3Jan 29, 2026$1,474,70010,43311,0613.9 mi
79
IA-587778
Landlocked · Off grid
154.0Dec 10, 2025$626,0004,0666,5985.8 mi
77
IA-217709
Gravel · Power at road
146.5Mar 27, 2025$1,413,7009,6539,1925.4 mi
75
IA-197711
Paved · Power at road
146.7Dec 28, 2024$1,991,20013,57611,0661.9 mi
74
IA-989077
Dirt · Full utilities
394.6Feb 9, 2026$3,590,9009,10110,5605.7 mi
69
IA-238291
Dirt · Full utilities
223.3Apr 23, 2025$2,269,00010,16310,3245.0 mi
66
IA-935839
Dirt · Off grid
37.8Nov 19, 2025$342,3009,0588,4646.8 mi
65
IA-358480
Dirt · Power at road
256.0Jun 12, 2024$1,535,3005,9977,9933.6 mi
62
Show adjustment detail for the top comp
  • Tract size (141.35 ac → 117.68 ac)+4.9%
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (7 mo)+2.3%

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.