Tama County, IA · Sold

IA-715854

2616 County Road 287

$313,500

$8,207/ac · 38.20 ac

Offer report Market this tract

Acreage38.20 ac

Price per acre$8,207/ac

ZoningMixed Use

Road accessDirt

UtilitiesFull utilities

TopographyMixed

ListedMay 15, 2026

Coordinates42.0601, -92.5208

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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

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

View Tama market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index

Low risk

Wetlands5.9% of tract

Little to no mapped wetland coverage.

Average slope5.8%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,474 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area34.15 of 38.20 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$438,556

$342,849 – $534,263 · $11,481/ac on 38.20 ac

Asking vs estimate

-28.5%

Priced below 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 $313,500

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$250,603

$6,560/ac · +30.0% target margin

You need $62,897 off asking to hit this margin.

All-in cost$271,904

Net resale$403,472

Projected profit$131,567

ROI+48.4%

Annualized+69.3%

Break-even resale$7,737/ac

Profit if resale lands off target

-20%

$50,873

-10%

$91,220

$131,567

+10%

$171,914

+20%

$212,262

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
IA-795820 Dirt · Power at road	37.3	Jun 21, 2025	$350,700	9,409	11,982	3.2 mi	81
IA-245739 Gravel · Off grid	35.1	Feb 3, 2025	$222,700	6,336	8,203	5.3 mi	79
IA-757207 Dirt · Full utilities	101.8	Apr 29, 2026	$933,100	9,165	11,457	4.9 mi	78
IA-484990 Dirt · Off grid	20.4	May 16, 2026	$172,800	8,459	11,139	6.4 mi	75
IA-946846 Gravel · Full utilities	78.4	Apr 7, 2026	$587,200	7,492	7,585	2.7 mi	75
IA-144985 Landlocked · Power at road	20.4	Jul 27, 2026	$246,700	12,115	17,001	6.4 mi	74
IA-614377 Gravel · Off grid	13.1	Jun 19, 2025	$148,300	11,322	12,653	2.9 mi	68
IA-244185 Gravel · Full utilities	11.4	Jul 22, 2025	$158,300	13,888	10,636	4.0 mi	64
IA-984138 Gravel · Off grid	11.0	Dec 29, 2025	$127,900	11,606	12,496	5.2 mi	63
IA-144210 Paved · Full utilities	11.6	Dec 23, 2024	$210,800	18,155	12,077	4.4 mi	61

Show adjustment detail for the top comp

Utilities (Power at road → Full utilities)+22.0%
Market time (14 mo)+4.8%

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.

Build the listing kit Post a deal or JV