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    For Sale (60)

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    Land in Peaceful Countryside Area
    $105,000
    8.15 Acres

    Land in Peaceful Countryside Area

    8.15 acre lot for custom dream home in Osceola, IA.

    1775 Doyle St, Osceola, IA 50213
    View details
    22 Acres of Land, Norwalk
    $430,000
    22.00 Acres

    22 Acres of Land, Norwalk

    22 acres of land available in Norwalk, Iowa.

    30Th Ave, Norwalk, IA 50211
    View details
    Land in Prime Adel Location
    $901,341
    22.50 Acres

    Land in Prime Adel Location

    22.5 acres near I-80, suitable for development or recreation.

    Overton Cir, Adel, IA 50003
    View details
    Scenic 3-Acre Lot in Truro
    $80,000
    3.00 Acres

    Scenic 3-Acre Lot in Truro

    3-acre lot with countryside views near ponds and school.

    Windwood Ct, Truro, IA 50257
    View details
    Residential Land in Ironwood Acres
    $120,000
    1.00 Acre

    Residential Land in Ironwood Acres

    Spacious lots for custom homes in Madrid's newest development.

    2286 Roadrunner Pl, Madrid, IA 50156
    View details
    Diamondhead Lake Buildable Waterfront Lot
    $199,000
    0.16 Acres

    Diamondhead Lake Buildable Waterfront Lot

    Buildable lot with lake access in a vibrant community.

    8362 Lakeshore Dr, Dexter, IA 50070
    View details
    Des Moines Land Opportunity
    Contact for pricing
    0.13 Acres

    Des Moines Land Opportunity

    Residential land available in Des Moines for home or investment.

    1622 Martin Luther King Pkwy, Des Moines, IA 50314
    View details
    Spacious Lots in Ironwood Acres
    $720,000
    1.00 Acre

    Spacious Lots in Ironwood Acres

    Build your dream home in Madrid's newest development.

    2284 Roadrunner Pl, Madrid, IA 50156
    View details
    67 Acres Rolling Madison County Land
    $1,190,000
    67.00 Acres

    67 Acres Rolling Madison County Land

    67 acres of rolling land near West Des Moines.

    Pointe Ct, Cumming, IA 50061
    View details
    Prime Corner Commercial Land Opportunity
    $1,100,000
    0.20 Acres

    Prime Corner Commercial Land Opportunity

    Two adjacent commercial properties on a prime corner with high visibility.

    104 1St St, West Des Moines, IA 50265
    View details
    Half Acre Residential Lot
    $189,900
    0.46 Acres

    Half Acre Residential Lot

    Residential land for sale in Clive, Iowa.

    18079 Hammontree Cir, Clive, IA 50325
    View details
    Des Moines Land For Sale
    Contact for pricing
    0.15 Acres

    Des Moines Land For Sale

    6,500 sq ft lot in Des Moines, Iowa.

    3107 2Nd Ave, Des Moines, IA 50313
    View details
    Land in Growing West Des Moines
    $119,900
    0.20 Acres

    Land in Growing West Des Moines

    Land near Jordan Creek Town Center, quick access to I35/I80.

    369 Napoli Ave, West Des Moines, IA 50265
    View details
    Residential Land in West Des Moines
    $129,900
    0.30 Acres

    Residential Land in West Des Moines

    Residential land in a growing West Des Moines development.

    363 Napoli Ave, West Des Moines, IA 50265
    View details
    West Des Moines Wooded Lot
    $299,900
    1.26 Acres

    West Des Moines Wooded Lot

    Private, wooded 1.255 acre lot in West Des Moines.

    1002 S Wilder Pl, West Des Moines, IA 50266
    View details
    Des Moines Fourplex Investment Opportunity
    $310,000
    2,509 SF

    Des Moines Fourplex Investment Opportunity

    Fourplex near Drake College, ideal for investors or owner-occupants.

    1148 36Th St, Des Moines, IA 50311
    View details
    Des Moines Multi-Unit Investment
    $185,000
    1,682 SF

    Des Moines Multi-Unit Investment

    Turnkey multi-unit property with immediate income potential in Des Moines.

    1312 22Nd St, Des Moines, IA 50311
    View details
    Des Moines Multi-Unit Investment
    $505,000
    4,140 SF

    Des Moines Multi-Unit Investment

    Turnkey multi-unit property with income potential in Des Moines.

    1314 22Nd St, Des Moines, IA 50311
    View details
    Residential Land in Growing Huxley
    $179,900
    0.54 Acres

    Residential Land in Growing Huxley

    Over half acre walkout lot in Blue Sky Estates.

    1424 Trail Creek Rd, Huxley, IA 50124
    View details
    Residential Land in Waukee, Iowa
    $99,900
    0.26 Acres

    Residential Land in Waukee, Iowa

    Homesite in Prairie Rose, near Triumph Park and Northwest High School.

    385 NW Woodmoor Dr, Waukee, IA 50263
    View details
    Marshalltown Land For Sale
    Contact for pricing

    Marshalltown Land For Sale

    0.12 acre lot, potential build site in Marshalltown, Iowa.

    108 N 7Th Ave, Marshalltown, IA 50158
    View details
    Residential Land in Adel, Iowa
    $205,000
    3.48 Acres

    Residential Land in Adel, Iowa

    Large residential lots with paved access and city sewer.

    2701 Southbridge Dr, Adel, IA 50003
    View details
    35 Acres in Van Meter
    $2,050,000
    34.96 Acres

    35 Acres in Van Meter

    Nearly 35-acre parcel perfect for private estate or development.

    3512 Richland Rd, Van Meter, IA 50261
    View details
    Des Moines Fourplex Near Drake
    $339,900
    2,492 SF

    Des Moines Fourplex Near Drake

    Fourplex near Drake University with updated units.

    1240 32Nd St, Des Moines, IA 50311
    View details
    Des Moines Residential Land Opportunity
    $59,000

    Des Moines Residential Land Opportunity

    0.29-acre wooded lot for residential construction in Des Moines.

    3146 8Th St, Des Moines, IA 50313
    View details
    Woodward, IA 5-Acre Lots
    $200,000
    5.00 Acres

    Woodward, IA 5-Acre Lots

    Expansive 5-acre lots with nature preserve views in Woodward, IA.

    1475 325Th St, Woodward, IA 50276
    View details
    5-Acre Lots Near Nature Preserve
    $200,000
    5.07 Acres

    5-Acre Lots Near Nature Preserve

    Spacious 5-acre lots for custom homes with nature views.

    1475 325Th St, Woodward, IA 50276
    View details
    Truro, Iowa Land For Sale
    $80,000
    3.00 Acres

    Truro, Iowa Land For Sale

    3-acre pond-view homesite near Jordan Creek Pkwy and school.

    Windwood Ct, Truro, IA 50257
    View details
    Truro, Iowa Land For Sale
    $80,000
    3.00 Acres

    Truro, Iowa Land For Sale

    Three acre lot with pond view near Jordan Creek Parkway.

    Windwood Ct, Truro, IA 50257
    View details
    Des Moines Office/Warehouse Opportunity
    $425,000
    1.74 Acres

    Des Moines Office/Warehouse Opportunity

    Over 5000 sq ft building suitable for office or warehouse.

    2679 Maury St, Des Moines, IA 50317
    View details
    Residential Land in Ironwood Acres
    $75,000
    0.57 Acres

    Residential Land in Ironwood Acres

    Residential land for sale in Madrid's newest development.

    2292 Roadrunner Pl, Madrid, IA 50156
    View details
    Shell Rock Acreage for Custom Home
    $84,999
    2.00 Acres

    Shell Rock Acreage for Custom Home

    Premium executive lots in Shell Rock, Iowa, for custom builds.

    21146 Woodridge Ln, Shell Rock, IA 50670
    View details
    Residential Land in Shell Rock, IA
    $89,999
    2.58 Acres

    Residential Land in Shell Rock, IA

    Land for sale in Shell Rock, Iowa's Timber Creek Estates.

    21165 Woodridge Ln, Shell Rock, IA 50670
    View details
    Residential Land in Shell Rock, IA
    $84,999
    1.97 Acres

    Residential Land in Shell Rock, IA

    Residential land for sale in Shell Rock, Iowa.

    21273 Woodridge Ln, Shell Rock, IA 50670
    View details
    Residential Land in Shell Rock, IA
    $79,999
    1.98 Acres

    Residential Land in Shell Rock, IA

    Residential land for sale in Shell Rock, Iowa.

    21161 Woodridge Ln, Shell Rock, IA 50670
    View details
    Residential Land in Shell Rock, IA
    $79,999
    3.53 Acres

    Residential Land in Shell Rock, IA

    Land available in Timber Creek Estates, Shell Rock, Iowa.

    21109 Woodridge Ln, Shell Rock, IA 50670
    View details
    Residential Land in Shell Rock, IA
    $79,999
    1.89 Acres

    Residential Land in Shell Rock, IA

    Residential land for sale in Shell Rock, Iowa.

    21250 Woodridge Ln, Shell Rock, IA 50670
    View details
    Residential Land in Shell Rock, IA
    $89,999
    2.03 Acres

    Residential Land in Shell Rock, IA

    Land for sale in Shell Rock, Iowa's Timber Creek Estates.

    21269 Woodridge Ln, Shell Rock, IA 50670
    View details
    Residential Lot in Waukee, Iowa
    $179,900
    0.27 Acres

    Residential Lot in Waukee, Iowa

    Residential land in Waukee, located on a cul-de-sac street.

    50 NW Wilder Ct, Waukee, IA 50263
    View details
    Commercial Land in Growing Madrid
    $225,000
    0.50 Acres

    Commercial Land in Growing Madrid

    Half-acre commercial lot at a busy intersection in Madrid, Iowa.

    118 N Kennedy Ave, Madrid, IA 50156
    View details
    Residential Land in Newton, Iowa
    $32,900
    1.80 Acres

    Residential Land in Newton, Iowa

    1.8 acre lot to build your dream home.

    944- Meadow Brook Ave, Newton, IA 50208
    View details
    Recreational Land with Stocked Lake
    $975,000
    111.00 Acres

    Recreational Land with Stocked Lake

    111 acres featuring an 18-acre stocked lake and hunting.

    1914 Windfall Ave, Charles City, IA 50616
    View details
    Agricultural Land in Lucas, Iowa
    $245,000
    20.87 Acres

    Agricultural Land in Lucas, Iowa

    20.87 acres of agricultural land, buildable with utilities available.

    N 145Th Ave, Lucas, IA 50151
    View details
    Truro, Iowa Land with Pond
    $90,000
    3.00 Acres

    Truro, Iowa Land with Pond

    Three-acre lot with pond near Jordan Creek Pkwy.

    Windwood Ct, Truro, IA 50257
    View details
    West Des Moines Land Available
    $94,900
    0.19 Acres

    West Des Moines Land Available

    Land in West Des Moines near Jordan Creek Town Center.

    9486 Stillwater Dr, West Des Moines, IA 50266
    View details
    Commercial Land in Clive, Iowa
    Contact for pricing
    9.05 Acres

    Commercial Land in Clive, Iowa

    9.05 acre commercial land available in Clive, Iowa.

    8803 University Ave, Clive, IA 50325
    View details
    Secluded Acreage with Development Potential
    $239,750
    9.13 Acres

    Secluded Acreage with Development Potential

    9.13 acres near Highway 92, ideal for building or farming.

    7970 Jesup St, Indianola, IA 50125
    View details
    Des Moines Residential Land Opportunity
    $59,000

    Des Moines Residential Land Opportunity

    0.27-acre wooded lot for residential construction in Des Moines.

    3146 8Th St, Des Moines, IA 50313
    View details
    Residential Land in Waukee, Iowa
    $149,900
    0.25 Acres

    Residential Land in Waukee, Iowa

    Residential land for sale in Waukee, build your dream home.

    60 NW Wilder Ct, Waukee, IA 50263
    View details
    Norwalk, Iowa Land For Sale
    $445,000
    21.20 Acres

    Norwalk, Iowa Land For Sale

    Land available in Norwalk, Iowa.

    30Th Ave, Norwalk, IA 50211
    View details
    Colfax Land Opportunity
    $96,800
    0.65 Acres

    Colfax Land Opportunity

    0.65-acre lot in Colfax, backing to trees/timber.

    College Ave, Colfax, IA 50054
    View details
    Residential Land in Perry, Iowa
    Contact for pricing
    0.39 Acres

    Residential Land in Perry, Iowa

    Cleared, flat lot in Perry ready for your vision.

    Lucinda St, Perry, IA 50220
    View details
    Norwalk, Iowa Agricultural Land
    $18,810,000
    209.00 Acres

    Norwalk, Iowa Agricultural Land

    209 acres of agricultural land in Norwalk, Iowa.

    Delaware And Sunset Dr, Norwalk, IA 50211
    View details
    Well-Maintained Duplex with Garage
    $256,500
    1,808 SF

    Well-Maintained Duplex with Garage

    Up/down duplex with strong rental history and detached garage.

    409 2Nd St, West Des Moines, IA 50265
    View details
    Residential Land in Clive, Iowa
    $91,900
    0.26 Acres

    Residential Land in Clive, Iowa

    Residential land available in a family-friendly Clive neighborhood.

    3143 Devonshire Pkwy, Clive, IA 50325
    View details
    Residential Lot in Valley View
    $92,000
    0.24 Acres

    Residential Lot in Valley View

    0.24 acre lot in Norwalk's Valley View Development.

    313 Walnut Dr, Norwalk, IA 50211
    View details
    Land Near Martensdale City Limits
    $60,000
    3.00 Acres

    Land Near Martensdale City Limits

    3+/- acres near I-35 with commercial potential.

    30Th Ave, Prole, IA 50229
    View details
    Indianola Farm for Future Development
    $2,450,000
    118.00 Acres

    Indianola Farm for Future Development

    118-acre farm inside city limits, ideal for residential development.

    S Y St, Indianola, IA 50125
    View details
    249 Acres of Agricultural Land
    $4,794,000
    249.00 Acres

    249 Acres of Agricultural Land

    249 acres of agricultural land for sale in Norwalk, Iowa.

    R63 Hwy, Norwalk, IA 50211
    View details
    Former Gas Station on High-Traffic Road
    $89,900
    0.81 Acres

    Former Gas Station on High-Traffic Road

    Gas station on almost an acre lot with newer pavement.

    401 S Country Rd, Toledo, IA 52342
    View details

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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    RE/MAX Precision
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