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Shelby County, IA · Sold

IA-817026

7759 County Road 234

$655,800
$7,344/ac · 89.30 ac
Acreage89.30 ac
Price per acre$7,344/ac
ZoningUnzoned
Road accessLandlocked
UtilitiesFull utilities
TopographyWooded
ListedSep 17, 2023
Coordinates41.6296, -95.2494
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
30
Moderate risk
Wetlands8.5% of tract

Little to no mapped wetland coverage.

Average slope3.7%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

PowerOn site

Power at or near the road.

Buildable area77.62 of 89.30 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$795,642
$685,014$906,270 · $8,910/ac on 89.30 ac
Asking vs estimate
-17.6%
Priced below the comp set

Weighted from 8 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 $655,800
Maximum allowable offer
$454,653
$5,091/ac · +30.0% target margin

You need $201,147 off asking to hit this margin.

All-in cost$493,299
Net resale$731,991
Projected profit$238,692
ROI+48.4%
Annualized+69.2%
Break-even resale$6,004/ac
Profit if resale lands off target
-20%
$92,294
-10%
$165,493
0%
$238,692
+10%
$311,891
+20%
$385,090
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-476046
Landlocked · Off grid
43.9Jul 27, 2026$244,2005,5636,8668.2 mi
80
IA-707722
Dirt · Off grid
147.8Jul 27, 2026$1,270,9008,59711,1105.5 mi
77
IA-857262
Gravel · Full utilities
106.0Mar 22, 2025$1,210,70011,4278,5795.7 mi
75
IA-735440
Dirt · Off grid
28.3Jul 27, 2026$280,4009,9098,9636.2 mi
73
IA-927918
Dirt · Power at road
170.4Apr 13, 2026$1,382,2008,1119,3696.1 mi
72
IA-235330
Dirt · Power at road
26.1Jul 27, 2026$291,50011,1508,4692.9 mi
70
IA-186443
Gravel · Off grid
58.5Aug 2, 2025$505,0008,6287,9878.1 mi
69
IA-875642
Dirt · Power at road
32.8Sep 20, 2025$405,80012,38610,0974.8 mi
64
Show adjustment detail for the top comp
  • Tract size (43.9 ac → 89.3 ac)-14.2%
  • Utilities (Off grid → Full utilities)+43.5%

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.