Lyon County, IA · Sold

IA-215816

4837 County Road 231

$471,300

$12,680/ac · 37.17 ac

Offer report Market this tract

Acreage37.17 ac

Price per acre$12,680/ac

ZoningResidential

Road accessGravel

UtilitiesOff grid

TopographyFlat

ListedNov 7, 2024

Coordinates43.4434, -96.1202

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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

Lyon County, Iowa. The benchmark corn-belt farmland market; auctions set transparent comps.

View Lyon market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index

Moderate risk

Wetlands40.5% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope1.5%

Gentle grade, straightforward to develop.

Flood zoneAE

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessDeeded frontage

513 ft of deeded road frontage.

Power8,846 ft away

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

Buildable area21.01 of 37.17 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$387,673

$294,583 – $480,763 · $10,430/ac on 37.17 ac

Asking vs estimate

+21.6%

Priced above the comp set

Weighted from 7 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 $471,300

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$221,527

$5,960/ac · +30.0% target margin

You need $249,773 off asking to hit this margin.

All-in cost$240,357

Net resale$356,659

Projected profit$116,302

ROI+48.4%

Annualized+69.3%

Break-even resale$7,029/ac

Profit if resale lands off target

-20%

$44,971

-10%

$80,636

$116,302

+10%

$151,968

+20%

$187,634

Comparable sales7 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
IA-984829 Landlocked · Power at road	18.2	Jul 27, 2026	$128,200	7,051	7,943	1.0 mi	78
IA-935296 Gravel · Off grid	25.5	Nov 18, 2025	$353,100	13,847	13,432	6.0 mi	77
IA-495888 Paved · Power at road	39.2	Feb 18, 2025	$539,400	13,776	10,643	3.4 mi	76
IA-785626 Gravel · Power at road	32.4	Aug 21, 2024	$380,400	11,743	10,561	6.1 mi	74
IA-724093 Dirt · Off grid	10.7	Jul 27, 2026	$79,900	7,488	7,432	3.3 mi	72
IA-434578 Gravel · Full utilities	15.2	Mar 11, 2026	$350,500	23,119	14,443	4.5 mi	72
IA-654281 Landlocked · Power at road	12.2	Jan 27, 2026	$93,800	7,678	8,463	5.5 mi	70

Show adjustment detail for the top comp

Tract size (18.18 ac → 37.17 ac)-10.1%
Access (Landlocked → Gravel)+47.1%
Utilities (Power at road → Off grid)-15.0%

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