Tama County, IA · Sold

IA-892365

469 County Road 237

$31,600

$10,361/ac · 3.05 ac

Offer report Market this tract

Acreage3.05 ac

Price per acre$10,361/ac

ZoningAgricultural

Road accessDirt

UtilitiesPower at road

TopographyWooded

ListedFeb 23, 2024

Coordinates42.0410, -92.6176

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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

1 item to verify before you offer.

Risk index

Low risk

Wetlands9.4% of tract

Little to no mapped wetland coverage.

Average slope3.6%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power235 ft away

Power at or near the road.

Buildable area2.63 of 3.05 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$33,692

$29,853 – $37,531 · $11,047/ac on 3.05 ac

Asking vs estimate

-6.2%

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 $31,600

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$19,252

$6,312/ac · +30.0% target margin

You need $12,348 off asking to hit this margin.

All-in cost$20,888

Net resale$30,997

Projected profit$10,108

ROI+48.4%

Annualized+69.3%

Break-even resale$7,444/ac

Profit if resale lands off target

-20%

$3,909

-10%

$7,008

$10,108

+10%

$13,208

+20%

$16,307

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
IA-482581 Dirt · Power at road	3.6	Jul 27, 2026	$38,800	10,862	10,940	5.6 mi	88
IA-412662 Dirt · Off grid	3.8	Jul 27, 2026	$33,500	8,871	10,533	8.8 mi	82
IA-802983 Dirt · Full utilities	4.8	Jul 27, 2026	$71,500	14,993	12,518	9.8 mi	78
IA-171937 Landlocked · Full utilities	2.2	Jan 23, 2026	$20,900	9,340	9,831	4.9 mi	76
IA-191884 Dirt · Power at road	2.1	Aug 5, 2025	$23,300	10,850	11,219	7.7 mi	75
IA-343680 Landlocked · Off grid	7.9	Feb 25, 2026	$57,900	7,318	11,602	1.8 mi	74
IA-133372 Landlocked · Power at road	6.3	Jun 4, 2026	$53,900	8,522	11,202	6.7 mi	73
IA-602306 Landlocked · Off grid	2.9	Apr 23, 2025	$22,600	7,741	12,137	9.6 mi	73
IA-753506 Landlocked · Full utilities	7.0	Jul 27, 2026	$80,400	11,531	12,417	4.8 mi	73
IA-792153 Gravel · Off grid	2.6	Dec 3, 2023	$18,700	7,148	8,019	1.6 mi	72

Show adjustment detail for the top comp

Tract size (3.57 ac → 3.05 ac)+0.5%

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.

Build the listing kit Post a deal or JV