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Wright County, IA · Sold

IA-427378

8388 County Road 291

$1,018,700
$8,841/ac · 115 ac
Acreage115 ac
Price per acre$8,841/ac
ZoningAgricultural
Road accessLandlocked
UtilitiesPower at road
TopographyWooded
ListedJun 25, 2025
Coordinates42.7624, -93.6325
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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

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

4 items to verify before you offer.

Risk index
40
Moderate risk
Wetlands16.8% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope4.0%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power237 ft away

Power at or near the road.

Buildable area91.08 of 115.23 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$899,676
$774,172$1,025,180 · $7,808/ac on 115 ac
Asking vs estimate
+13.2%
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 $1,018,700
Maximum allowable offer
$514,100
$4,462/ac · +30.0% target margin

You need $504,600 off asking to hit this margin.

All-in cost$557,799
Net resale$827,702
Projected profit$269,903
ROI+48.4%
Annualized+69.3%
Break-even resale$5,262/ac
Profit if resale lands off target
-20%
$104,363
-10%
$187,133
0%
$269,903
+10%
$352,673
+20%
$435,444
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-356654
Paved · Power at road
68.2Feb 16, 2026$950,90013,9427,2366.2 mi
78
IA-237303
Gravel · Full utilities
109.1Feb 21, 2025$1,692,50015,5089,0563.5 mi
76
IA-216879
Landlocked · Full utilities
80.3Dec 30, 2025$806,00010,0407,7338.5 mi
75
IA-918049
Dirt · Off grid
187.4Dec 28, 2025$1,545,0008,2468,9592.9 mi
74
IA-946891
Paved · Off grid
81.0Nov 29, 2025$1,153,90014,2499,1288.3 mi
72
IA-396261
Dirt · Full utilities
51.3May 6, 2026$580,50011,3166,1627.6 mi
69
IA-948603
Landlocked · Full utilities
279.9Mar 27, 2026$1,873,0006,6927,1049.3 mi
69
IA-616000
Dirt · Off grid
42.5Feb 8, 2026$465,50010,9618,34010.8 mi
63
IA-776220
Paved · Off grid
49.8Nov 20, 2023$498,50010,0106,2487.9 mi
62
Show adjustment detail for the top comp
  • Tract size (68.2 ac → 115.23 ac)-11.8%
  • Access (Paved → Landlocked)-42.4%
  • Market time (6 mo)+2.1%

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.