Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    13 245Th St Glenwood, IA 51534

    Sponsored
    For Sale
    $325,000

    LAND - GLENWOOD, IA

    Lot size:
    13.00 Acres
    Days on Market:
    59
    Last Refresh:
    Feb 2 at 7:06 am

    Property Features for 13 245Th St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Agricultural
    Lot size
    13.00 Acres

    We can help!

    Listing Contact
    Emily Swinford
    Emily Swinford

    Better Homes & Gardens Real Estate The Good Life Group (402) 932-5989

    Listing agent Emily Swinford License #S63048000

    Listing date Dec 6, 2025

    MLS# 25-2537

    Copyright © 2026 Southwest Iowa Association of Realtors. 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

    Glenwood Land with Impressive Views

    This property features 13+/- acres of land with views stretching into Nebraska. The private setting offers building sites surrounded by rolling hills and wildlife. Deer, turkey, and pheasant are frequently observed on the property. Zoned agricultural, the land provides flexibility for future use, along with CRP income potential or Forest Reserve tax benefits. Located in the Glenwood School District, the property is approximately 20 miles from Offutt Air Force Base, Bellevue, and Council Bluffs, and about 30 minutes from downtown Omaha. The property is located on 245th Street in Glenwood, Iowa. With no covenants, the land is suited for a recreational escape or a custom home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land

    Suggested Use

    Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Glenwood
    County
    Mills
    State
    Iowa
    Longitude
    -95.716372
    Latitude
    40.983005

    Nearby Similar for Sale

    • $521,000
      2,564 SF

      Glenwood Ranch with Large Pole Building

      Spacious ranch on 2.29 acres with a 46x70 pole building.
      27144 Noyes Ave, Glenwood, IA 51534
      View Details
    • $567,500
      3,030 SF

      Lake Ohana Ranch Home

      Ranch home on 1-acre lot with open views.
      22966 Cattail Bnd, Glenwood, IA 51534
      View Details
    • $750,000
      1,250 SF

      Turn-Key Coffee & Ice Cream Shop

      Established coffee and ice cream shop with real estate included.
      501 S Locust St, Glenwood, IA 51534
      View Details
    • $850,000
      3,958 SF

      New Construction Home on Acreage

      New construction home on 1.5 acres ready for customization.
      23106 Frontier Ln, Glenwood, IA 51534
      View Details
    • $1,599,000
      13,600 SF

      Retail Property in Glenwood, Iowa

      Retail property with high visibility and strong co-tenants.
      1205 S Locust St, Glenwood, IA 51534
      View Details

    FAQs

    What type of property is this?
    Land - 13+/- acres with impressive views, ideal for building or recreation.
    Where is this land located?
    The property is located at 13 245Th St Glenwood, IA.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: - Impressive, expansive views stretching to Nebraska.; - 13+\/- acres of private land with no covenants, offering freedom to build.; - Abundant wildlife (deer, turkey, pheasant) and peaceful seclusion.
    (712) 520-4237
    Request Owner's contact information
    13 245Th St Glenwood, IA 51534
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    13 245Th St
    Glenwood, IA 51534
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    13 245Th St Glenwood, IA 51534
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Emily Swinford
    Emily Swinford
    Real Estate License ID: S63048000
    (712) 520-4237
    Learn more
    Google sign-in failed. Please try again or use another login method.