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    The Largest CRE Database in the US with Over 1 Million Listings

    12510 G24 Hwy Indianola, IA 50125

    Sponsored
    For Sale
    $630,000

    Other - Indianola, IA

    Type:Farm
    Lot size:
    140.00 Acres
    Days on Market:
    14
    Last Refresh:
    Feb 6 at 6:06 pm

    Property Features for 12510 G24 Hwy

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    APN
    05000250887
    Lot size
    140.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Garret Armstrong

    Whitetail Properties RE, LLC (217) 285-9000

    Listing agent Garret Armstrong (217) 285-9000

    Listing date Jan 24, 2026

    MLS# 6335093 Listing URL

    Copyright © 2026 RLI Farm & Ranch Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Turnkey Recreational Hunting Farm

    This 140± acre turnkey recreational and hunting farm is located in Warren County, ideally positioned south of Des Moines and north of Indianola at the intersection of Highway 65 and County Road G24, just west of Summerset State Park. The property is enrolled in a permanent WRP conservation easement and has been thoughtfully managed for whitetail deer and overall wildlife habitat. Features include established food plots, three elevated Redneck Blinds, warm-season grasses, and early successional growth that provides ideal bedding, cover, and travel corridors. The farm has a proven history of producing mature Iowa bucks and offers multiple hunting setups suitable for various wind directions and seasons. The diverse habitat also supports strong turkey and upland bird populations, enhancing its year-round recreational appeal. With excellent access, adjacent “no hunting” park, and a low-maintenance ownership structure, this property offers a rare opportunity to own a highly functional, well-located Iowa recreational farm that is ready to hunt from day one.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hunting land

    Suggested Use

    Hotel & Motel Food Market Garden Center (Bike/Boat/Book/etc) Store Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianola
    County
    Warren
    State
    Iowa
    Longitude
    -93.568384
    Latitude
    41.438057

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    FAQs

    What type of property is this?
    Farm - 140-acre recreational farm in Warren County, ready to hunt.
    Where is this farm located?
    The property is located at 12510 G24 Hwy Indianola, IA.
    What is the asking price?
    The asking price for this property is $630,000.
    What are key features of this property?
    This property features: - Turnkey 140± acre recreational and hunting farm in a prime Warren County location.; - Enrolled in a permanent WRP conservation easement, ensuring long-term habitat preservation and low-maintenance ownership.; - Proven history of producing mature Iowa bucks, with multiple hunting setups.
    (217) 285-9000
    Request Owner's contact information
    12510 G24 Hwy Indianola, IA 50125
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    Indianola, IA 50125
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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
    12510 G24 Hwy Indianola, IA 50125
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    Listing Contact
    Garret Armstrong
    (217) 285-9000
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