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Johnson County, IA · Sold

IA-238291

5761 County Road 191

$2,130,500
$9,543/ac · 223 ac
Acreage223 ac
Price per acre$9,543/ac
ZoningRecreational
Road accessDirt
UtilitiesFull utilities
TopographySloped
ListedJun 9, 2024
Coordinates41.7367, -91.5976
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
17
Low risk
Wetlands2.0% of tract

Little to no mapped wetland coverage.

Average slope19.7%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,948 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area175.04 of 223.26 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,177,410
$1,830,290$2,524,530 · $9,753/ac on 223 ac
Asking vs estimate
-2.2%
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 $2,130,500
Maximum allowable offer
$1,244,234
$5,573/ac · +30.0% target margin

You need $886,266 off asking to hit this margin.

All-in cost$1,349,994
Net resale$2,003,217
Projected profit$653,224
ROI+48.4%
Annualized+69.2%
Break-even resale$6,573/ac
Profit if resale lands off target
-20%
$252,580
-10%
$452,902
0%
$653,224
+10%
$853,545
+20%
$1,053,867
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-587778
Landlocked · Off grid
154.0Dec 10, 2025$626,0004,0666,8531.5 mi
81
IA-209259
Dirt · Off grid
450.2Jul 27, 2026$2,410,6005,3559,4536.6 mi
76
IA-989077
Dirt · Full utilities
394.6Feb 9, 2026$3,590,9009,10110,9698.1 mi
75
IA-357660
Dirt · Power at road
141.3Jan 29, 2026$1,474,70010,43311,4888.9 mi
74
IA-358480
Dirt · Power at road
256.0Jun 12, 2024$1,535,3005,9978,3028.5 mi
72
IA-217709
Gravel · Power at road
146.5Mar 27, 2025$1,413,7009,6539,5483.2 mi
70
IA-197711
Paved · Power at road
146.7Dec 28, 2024$1,991,20013,57611,4944.0 mi
68
IA-829328
Landlocked · Power at road
473.2Feb 15, 2026$1,994,5004,2158,2708.3 mi
68
IA-497407
Gravel · Off grid
117.7Apr 13, 2025$1,224,40010,40511,4165.0 mi
66
IA-659228
Landlocked · Power at road
440.2Mar 4, 2025$2,249,6005,11110,1986.6 mi
64
Show adjustment detail for the top comp
  • Tract size (153.96 ac → 223.26 ac)-9.7%
  • Access (Landlocked → Dirt)+26.5%
  • Utilities (Off grid → Full utilities)+43.5%
  • Market time (8 mo)+2.9%

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.