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Sioux County, IA · Sold

IA-517448

8615 County Road 264

$473,000
$3,902/ac · 121 ac
Acreage121 ac
Price per acre$3,902/ac
ZoningMixed Use
Road accessDirt
UtilitiesOff grid
TopographySloped
ListedJan 27, 2026
Coordinates43.1403, -96.1528
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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

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

View Sioux market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
29
Low risk
Wetlands2.6% of tract

Little to no mapped wetland coverage.

Average slope23.4%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

850 ft of deeded road frontage.

Power11,842 ft away

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

Buildable area70.85 of 121.23 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$510,398
$439,694$581,103 · $4,210/ac on 121 ac
Asking vs estimate
-7.3%
Priced below 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 $473,000
Maximum allowable offer
$291,656
$2,406/ac · +30.0% target margin

You need $181,344 off asking to hit this margin.

All-in cost$316,447
Net resale$469,567
Projected profit$153,120
ROI+48.4%
Annualized+69.2%
Break-even resale$2,837/ac
Profit if resale lands off target
-20%
$59,206
-10%
$106,163
0%
$153,120
+10%
$200,076
+20%
$247,033
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-206778
Dirt · Power at road
74.6Jul 27, 2026$417,8005,6004,2404.2 mi
81
IA-938692
Paved · Power at road
298.5Jul 27, 2026$1,755,5005,8814,6804.3 mi
77
IA-646878
Gravel · Off grid
80.2Aug 10, 2025$472,4005,8894,7724.1 mi
73
IA-728759
Dirt · Full utilities
313.4Dec 22, 2025$1,383,5004,4154,10810.2 mi
66
IA-296492
Gravel · Off grid
60.6Sep 8, 2024$237,1003,9093,0864.5 mi
65
Show adjustment detail for the top comp
  • Tract size (74.61 ac → 121.23 ac)-11.1%
  • Utilities (Power at road → Off grid)-15.0%

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.