← New search
Shelby County, IA · Sold

IA-857262

2083 County Road 367

$1,175,400
$11,094/ac · 106 ac
Acreage106 ac
Price per acre$11,094/ac
ZoningResidential
Road accessGravel
UtilitiesFull utilities
TopographyWooded
ListedMar 8, 2024
Coordinates41.7071, -95.2866
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
16
Low risk
Wetlands17.6% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.8%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

2,094 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area82.94 of 105.95 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,314,718
$1,081,282$1,548,153 · $12,409/ac on 106 ac
Asking vs estimate
-10.6%
Priced below the comp set

Weighted from 6 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 $1,175,400
Maximum allowable offer
$751,267
$7,091/ac · +30.0% target margin

You need $424,133 off asking to hit this margin.

All-in cost$815,125
Net resale$1,209,540
Projected profit$394,415
ROI+48.4%
Annualized+69.2%
Break-even resale$8,362/ac
Profit if resale lands off target
-20%
$152,507
-10%
$273,461
0%
$394,415
+10%
$515,370
+20%
$636,324
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-707722
Dirt · Off grid
147.8Jul 27, 2026$1,270,9008,59715,6692.2 mi
82
IA-927918
Dirt · Power at road
170.4Apr 13, 2026$1,382,2008,11113,2140.7 mi
79
IA-476046
Landlocked · Off grid
43.9Jul 27, 2026$244,2005,5639,6833.7 mi
73
IA-186443
Gravel · Off grid
58.5Aug 2, 2025$505,0008,62811,2653.8 mi
72
IA-817026
Landlocked · Full utilities
89.3Feb 8, 2024$581,0006,50710,1485.7 mi
71
IA-875642
Dirt · Power at road
32.8Sep 20, 2025$405,80012,38614,2415.6 mi
62
Show adjustment detail for the top comp
  • Tract size (147.84 ac → 105.95 ac)+9.0%
  • Access (Dirt → Gravel)+16.3%
  • 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.