Comparable sales & offer analysis
Parcel IA-360759
Shelby County, IA · 0.95 ac · Mixed Use · Gravel · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$11,800
Adjusted value
$11,290
Value range
$9,053–$13,528
Comp $/acre
$11,884/ac
Weighted from 9 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +4.5% versus the adjusted value.
Offer position
Max allowable offer
$6,452
Offer $/acre
$6,791/ac
Projected profit
$3,387
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-540973 | 1.1 | Jan 9, 2026 | $13,300 | 12,012 | 10,484 | 80 |
| IA-590460 | 0.8 | Oct 12, 2025 | $9,000 | 11,633 | 11,882 | 75 |
| IA-311623 | 1.8 | Jan 3, 2026 | $13,100 | 7,362 | 11,200 | 71 |
| IA-351111 | 1.2 | Oct 5, 2024 | $7,100 | 5,813 | 9,243 | 70 |
| IA-722390 | 3.1 | Sep 12, 2025 | $44,700 | 14,365 | 15,248 | 68 |
| IA-562233 | 2.8 | Aug 7, 2025 | $46,800 | 16,894 | 15,254 | 68 |
| IA-460221 | 0.7 | Mar 17, 2024 | $4,800 | 7,404 | 8,035 | 64 |
| IA-941734 | 1.9 | Feb 4, 2025 | $21,400 | 11,083 | 13,851 | 63 |
| IA-672470 | 3.3 | Nov 3, 2024 | $28,900 | 8,775 | 12,068 | 57 |
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.