Comparable sales & offer analysis
Parcel IA-875642
Shelby County, IA · 32.76 ac · Recreational · Dirt · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$380,300
Adjusted value
$316,952
Value range
$265,845–$368,059
Comp $/acre
$9,675/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +20.0% versus the adjusted value.
Offer position
Max allowable offer
$181,115
Offer $/acre
$5,529/ac
Projected profit
$95,086
Annualized ROI
+69.2%
Assumes a 30% target margin, 9-month hold, 4% closing costs, 6% annual carry and 8% selling costs.
Comparable sales
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Match |
|---|---|---|---|---|---|---|
| IA-235330 | 26.1 | Jul 27, 2026 | $291,500 | 11,150 | 10,783 | 89 |
| IA-735440 | 28.3 | Jul 27, 2026 | $280,400 | 9,909 | 11,411 | 86 |
| IA-476046 | 43.9 | Jul 27, 2026 | $244,200 | 5,563 | 8,741 | 80 |
| IA-765249 | 24.6 | Feb 11, 2026 | $174,900 | 7,096 | 8,157 | 79 |
| IA-113981 | 9.8 | May 14, 2026 | $110,400 | 11,217 | 11,533 | 69 |
| IA-144484 | 14.2 | Dec 15, 2025 | $114,200 | 8,067 | 6,354 | 67 |
| IA-186443 | 58.5 | Aug 2, 2025 | $505,000 | 8,628 | 10,169 | 66 |
| IA-704180 | 11.4 | Mar 17, 2025 | $129,600 | 11,407 | 9,095 | 63 |
| IA-857262 | 106.0 | Mar 22, 2025 | $1,210,700 | 11,427 | 10,923 | 59 |
| IA-817026 | 89.3 | Feb 8, 2024 | $581,000 | 6,507 | 9,161 | 58 |
Prepared with LandPilot. Values are model estimates derived from recorded sales and procedural market data, not an appraisal. Verify title, access and zoning independently before contracting.