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Shelby County, IA · Sold

IA-941734

5299 County Road 164

$23,000
$11,917/ac · 1.93 ac
Acreage1.93 ac
Price per acre$11,917/ac
ZoningUnzoned
Road accessDirt
UtilitiesOff grid
TopographyWooded
ListedAug 3, 2024
Coordinates41.7627, -95.2819
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

3 items to verify before you offer.

Risk index
20
Low risk
Wetlands11.2% of tract

Little to no mapped wetland coverage.

Average slope7.1%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

207 ft of deeded road frontage.

Power6,046 ft away

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

Buildable area1.63 of 1.93 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$19,332
$15,842$22,822 · $10,016/ac on 1.93 ac
Asking vs estimate
+19.0%
Priced above 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 $23,000
Maximum allowable offer
$11,047
$5,724/ac · +30.0% target margin

You need $11,953 off asking to hit this margin.

All-in cost$11,986
Net resale$17,785
Projected profit$5,799
ROI+48.4%
Annualized+69.2%
Break-even resale$6,750/ac
Profit if resale lands off target
-20%
$2,242
-10%
$4,021
0%
$5,799
+10%
$7,578
+20%
$9,356
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-311623
Landlocked · Off grid
1.8Jan 3, 2026$13,1007,3629,5362.7 mi
83
IA-351111
Landlocked · Off grid
1.2Oct 5, 2024$7,1005,8137,8701.8 mi
75
IA-722390
Gravel · Off grid
3.1Sep 12, 2025$44,70014,36512,98310.3 mi
74
IA-360759
Gravel · Off grid
0.9Jul 27, 2026$11,40011,94910,1979.4 mi
74
IA-323203
Gravel · Full utilities
5.6Apr 11, 2026$90,50016,15410,1680.9 mi
71
IA-672470
Landlocked · Power at road
3.3Nov 3, 2024$28,9008,77510,2754.8 mi
70
IA-540973
Gravel · Power at road
1.1Jan 9, 2026$13,30012,0128,9279.3 mi
69
IA-562233
Gravel · Power at road
2.8Aug 7, 2025$46,80016,89412,98811.6 mi
68
IA-590460
Dirt · Power at road
0.8Oct 12, 2025$9,00011,63310,11711.3 mi
64
IA-460221
Dirt · Power at road
0.7Mar 17, 2024$4,8007,4046,84210.7 mi
61
Show adjustment detail for the top comp
  • Access (Landlocked → Dirt)+26.5%
  • Market time (7 mo)+2.6%

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.