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Poweshiek County, IA · Sold

IA-939950

109 County Road 359

$3,975,800
$5,354/ac · 743 ac
Acreage743 ac
Price per acre$5,354/ac
ZoningUnzoned
Road accessDirt
UtilitiesOff grid
TopographySloped
ListedOct 24, 2024
Coordinates41.6468, -92.5136
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

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

View Poweshiek market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
32
Moderate risk
Wetlands5.7% of tract

Little to no mapped wetland coverage.

Average slope20.1%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power3,302 ft away

Service extension needed; get a utility quote.

Buildable area420.17 of 742.61 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$3,724,656
$3,147,726$4,301,586 · $5,016/ac on 743 ac
Asking vs estimate
+6.7%
Priced above 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 $3,975,800
Maximum allowable offer
$2,128,375
$2,866/ac · +30.0% target margin

You need $1,847,425 off asking to hit this margin.

All-in cost$2,309,287
Net resale$3,426,684
Projected profit$1,117,397
ROI+48.4%
Annualized+69.2%
Break-even resale$3,380/ac
Profit if resale lands off target
-20%
$432,060
-10%
$774,728
0%
$1,117,397
+10%
$1,460,065
+20%
$1,802,733
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-788820
Dirt · Full utilities
327.5Nov 16, 2025$3,537,10010,7996,0647.6 mi
68
IA-838449
Landlocked · Power at road
250.3Nov 11, 2024$1,191,0004,7583,9711.8 mi
61
IA-257661
Gravel · Off grid
141.4Jan 26, 2025$1,099,0007,7704,3979.8 mi
59
IA-226911
Gravel · Power at road
82.2Jun 14, 2025$989,00012,0384,9796.2 mi
58
IA-956732
Gravel · Off grid
72.2Dec 16, 2024$836,20011,5875,5801.8 mi
55
Show adjustment detail for the top comp
  • Tract size (327.53 ac → 742.61 ac)-21.9%
  • Utilities (Full utilities → Off grid)-30.3%
  • Market time (9 mo)+3.1%

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.