Johnson County, IA · Sold

IA-217709

3360 County Road 113

$1,535,000

$10,481/ac · 146 ac

Offer report Market this tract

Acreage146 ac

Price per acre$10,481/ac

ZoningAgricultural

Road accessGravel

UtilitiesPower at road

TopographyWooded

ListedJun 14, 2024

Coordinates41.7045, -91.6431

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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

No material red flags on the mapped layers.

Risk index

Low risk

Wetlands9.5% of tract

Little to no mapped wetland coverage.

Average slope5.5%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,905 ft of deeded road frontage.

Power148 ft away

Power at or near the road.

Buildable area125.92 of 146.46 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$1,560,181

$1,311,208 – $1,809,154 · $10,653/ac on 146 ac

Asking vs estimate

-1.6%

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 $1,535,000

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$891,532

$6,087/ac · +30.0% target margin

You need $643,468 off asking to hit this margin.

All-in cost$967,312

Net resale$1,435,367

Projected profit$468,054

ROI+48.4%

Annualized+69.2%

Break-even resale$7,179/ac

Profit if resale lands off target

-20%

$180,981

-10%

$324,518

$468,054

+10%

$611,591

+20%

$755,128

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
IA-357660 Dirt · Power at road	141.3	Jan 29, 2026	$1,474,700	10,433	12,292	8.9 mi	85
IA-587778 Landlocked · Off grid	154.0	Dec 10, 2025	$626,000	4,066	7,332	4.7 mi	80
IA-197711 Paved · Power at road	146.7	Dec 28, 2024	$1,991,200	13,576	12,298	3.5 mi	78
IA-497407 Gravel · Off grid	117.7	Apr 13, 2025	$1,224,400	10,405	12,214	5.4 mi	75
IA-238291 Dirt · Full utilities	223.3	Apr 23, 2025	$2,269,000	10,163	11,474	3.2 mi	70
IA-209259 Dirt · Off grid	450.2	Jul 27, 2026	$2,410,600	5,355	10,114	6.2 mi	69
IA-989077 Dirt · Full utilities	394.6	Feb 9, 2026	$3,590,900	9,101	11,736	5.8 mi	67
IA-829328 Landlocked · Power at road	473.2	Feb 15, 2026	$1,994,500	4,215	8,848	8.9 mi	65
IA-358480 Dirt · Power at road	256.0	Jun 12, 2024	$1,535,300	5,997	8,882	8.8 mi	63
IA-659228 Landlocked · Power at road	440.2	Mar 4, 2025	$2,249,600	5,111	10,911	6.2 mi	61

Show adjustment detail for the top comp

Tract size (141.35 ac → 146.46 ac)-0.9%
Access (Dirt → Gravel)+16.3%
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.

Build the listing kit Post a deal or JV