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Shelby County, IA · Sold

IA-672470

9875 County Road 367

$31,900
$9,696/ac · 3.29 ac
Acreage3.29 ac
Price per acre$9,696/ac
ZoningUnzoned
Road accessLandlocked
UtilitiesPower at road
TopographyRolling
ListedOct 30, 2023
Coordinates41.6973, -95.3142
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

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

View Shelby market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
33
Moderate risk
Wetlands5.8% of tract

Little to no mapped wetland coverage.

Average slope8.4%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power8 ft away

Power at or near the road.

Buildable area2.94 of 3.29 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$33,486
$27,825$39,148 · $10,178/ac on 3.29 ac
Asking vs estimate
-4.7%
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 $31,900
Maximum allowable offer
$19,135
$5,816/ac · +30.0% target margin

You need $12,765 off asking to hit this margin.

All-in cost$20,761
Net resale$30,808
Projected profit$10,046
ROI+48.4%
Annualized+69.3%
Break-even resale$6,859/ac
Profit if resale lands off target
-20%
$3,885
-10%
$6,965
0%
$10,046
+10%
$13,127
+20%
$16,208
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-722390
Gravel · Off grid
3.1Sep 12, 2025$44,70014,36511,9177.3 mi
81
IA-562233
Gravel · Power at road
2.8Aug 7, 2025$46,80016,89411,9227.1 mi
76
IA-323203
Gravel · Full utilities
5.6Apr 11, 2026$90,50016,1549,3334.7 mi
74
IA-311623
Landlocked · Off grid
1.8Jan 3, 2026$13,1007,3628,7534.5 mi
74
IA-941734
Dirt · Off grid
1.9Feb 4, 2025$21,40011,08310,8264.8 mi
71
IA-360759
Gravel · Off grid
0.9Jul 27, 2026$11,40011,9499,3595.4 mi
68
IA-540973
Gravel · Power at road
1.1Jan 9, 2026$13,30012,0128,1944.9 mi
68
IA-351111
Landlocked · Off grid
1.2Oct 5, 2024$7,1005,8137,2245.2 mi
67
IA-113981
Dirt · Off grid
9.8May 14, 2026$110,40011,21711,1707.4 mi
67
IA-643568
Gravel · Off grid
7.3Aug 1, 2025$107,40014,72612,7503.6 mi
66
Show adjustment detail for the top comp
  • Access (Gravel → Landlocked)-32.0%
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (11 mo)+3.9%

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.