← New search
Wright County, IA · Sold

IA-918049

8718 County Road 23

$1,622,900
$8,662/ac · 187 ac
Acreage187 ac
Price per acre$8,662/ac
ZoningUnzoned
Road accessDirt
UtilitiesOff grid
TopographyMixed
ListedMay 29, 2025
Coordinates42.7212, -93.6456
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

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

2 items to verify before you offer.

Risk index
20
Low risk
Wetlands6.7% of tract

Little to no mapped wetland coverage.

Average slope4.0%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power7,096 ft away

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

Buildable area166.07 of 187.36 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,392,788
$1,215,923$1,569,653 · $7,434/ac on 187 ac
Asking vs estimate
+16.5%
Priced above the comp set

Weighted from 7 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 $1,622,900
Maximum allowable offer
$795,879
$4,248/ac · +30.0% target margin

You need $827,021 off asking to hit this margin.

All-in cost$863,529
Net resale$1,281,365
Projected profit$417,836
ROI+48.4%
Annualized+69.2%
Break-even resale$5,010/ac
Profit if resale lands off target
-20%
$161,563
-10%
$289,700
0%
$417,836
+10%
$545,973
+20%
$674,109
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-427378
Landlocked · Power at road
115.2Jul 27, 2026$986,1008,5588,1042.9 mi
79
IA-948603
Landlocked · Full utilities
279.9Mar 27, 2026$1,873,0006,6926,7137.8 mi
74
IA-259365
Paved · Full utilities
486.1Jul 27, 2026$4,305,5008,8585,9454.1 mi
72
IA-237303
Gravel · Full utilities
109.1Feb 21, 2025$1,692,50015,5088,5572.6 mi
68
IA-356654
Paved · Power at road
68.2Feb 16, 2026$950,90013,9426,8373.4 mi
68
IA-946891
Paved · Off grid
81.0Nov 29, 2025$1,153,90014,2498,6258.0 mi
67
IA-216879
Landlocked · Full utilities
80.3Dec 30, 2025$806,00010,0407,3077.6 mi
66
Show adjustment detail for the top comp
  • Tract size (115.23 ac → 187.36 ac)-12.1%
  • Access (Landlocked → Dirt)+26.5%
  • 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.