Wright County, IA · Sold

IA-652322

4945 County Road 223

$64,700

$21,858/ac · 2.96 ac

Offer report Market this tract

Acreage2.96 ac

Price per acre$21,858/ac

ZoningRecreational

Road accessGravel

UtilitiesPower at road

TopographySloped

ListedOct 2, 2023

Coordinates42.6998, -93.7809

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County GIS boundary

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County market

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

View Wright market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index

Low risk

Wetlands3.6% of tract

Little to no mapped wetland coverage.

Average slope10.1%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

128 ft of deeded road frontage.

Power230 ft away

Power at or near the road.

Buildable area2.71 of 2.96 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$57,282

$46,824 – $67,741 · $19,352/ac on 2.96 ac

Asking vs estimate

+12.9%

Priced above the comp set

Weighted from 9 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 $64,700

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$32,733

$11,058/ac · +30.0% target margin

You need $31,967 off asking to hit this margin.

All-in cost$35,515

Net resale$52,700

Projected profit$17,184

ROI+48.4%

Annualized+69.2%

Break-even resale$13,042/ac

Profit if resale lands off target

-20%

$6,644

-10%

$11,914

$17,184

+10%

$22,454

+20%

$27,724

Comparable sales9 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
IA-803087 Paved · Power at road	5.2	Jun 22, 2026	$131,500	25,534	22,227	2.8 mi	83
IA-252434 Paved · Power at road	3.2	Oct 28, 2025	$78,800	24,555	21,559	1.6 mi	82
IA-841844 Landlocked · Power at road	2.1	Jun 27, 2025	$30,100	14,392	21,985	2.3 mi	75
IA-831514 Gravel · Power at road	1.6	Aug 1, 2025	$33,900	20,566	21,187	3.7 mi	74
IA-571762 Gravel · Off grid	2.0	Jul 26, 2024	$36,900	18,721	23,694	0.9 mi	72
IA-560686 Gravel · Power at road	0.9	Mar 13, 2025	$13,700	15,270	15,854	1.8 mi	71
IA-991969 Landlocked · Off grid	2.3	Jun 1, 2024	$15,600	6,817	12,802	9.6 mi	66
IA-940925 Gravel · Full utilities	1.1	Feb 25, 2025	$20,900	19,539	16,686	3.0 mi	65
IA-683942 Dirt · Off grid	9.6	Jun 18, 2024	$96,200	10,059	15,913	4.9 mi	62

Show adjustment detail for the top comp

Tract size (5.15 ac → 2.96 ac)+2.1%
Access (Paved → Gravel)-15.3%
Market time (2 mo)+0.6%

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.

Build the listing kit Post a deal or JV