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    Secluded Farm/Estate with Stocked Pond Title is generated by Realmo AI

    1629 Buchanan Avenue, Schaller, IA 51053

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    For Sale
    $245,000

    Farm/Estate, Other - Schaller, IA

    Type:Farm
    Lot size:
    2.70 Acres
    Added:
    Feb 13, 2026
    Days on Market:
    111
    Last Refresh:
    Jun 4 at 8:06 am

    Property Features for 1629 Buchanan Avenue

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Zoning
    100
    Rooms
    Living Room
    Parking features
    Garage
    Fireplace
    1
    Standard status
    Active
    Lot size
    2.70 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    480

    Utilities

    Heating system
    Fireplace(s), Wood (Heating), Wood Stove
    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Christopher Grote

    Listing agent Christopher Grote

    Listing office Grote Real Estate Box 529, Lake View, IA

    Listing date Feb 13, 2026

    MLS# 11661134 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Private 2.7‑acre property featuring a stocked 1/2‑acre pond perfect for fishing, swimming, and kayaking.
    • Updated cabin featuring new windows, exterior doors, sliding doors, epoxy floor, and carpet.
    • Mature trees create a private, park‑like setting with apple, cherry, pine, and maple trees.
    • Off‑grid retreat with a wood‑burning stove for heat.
    • Remodeled outhouse and well located on the property.
    • Sand and rock lined beach with newly added fish structures.

    Overview

    Located approximately 2 miles north of Schaller, this 2.7-acre property offers a peaceful retreat. The property features a half-acre pond stocked with bluegill, large mouth bass, black crappie, and sunfish, suitable for swimming, fishing, and enjoying water views. An updated sand and rock-lined beach includes newly added fish structures. Mature trees surround the property, creating a private, park-like setting with four mature apple trees, one producing cherry tree, pines, maples, and two weeping willow trees. The cabin combines rustic charm with updates, including a wood-burning stove. Recent improvements include a newly finished epoxy floor on the lower level, new carpet on the steps and in the loft, and new windows, exterior doors, and sliding doors throughout. The cabin also offers ample cabinet space for storage. This off-grid retreat is powered by a generator, and the outhouse has been recently remodeled. A well is located on the property. This unique property offers privacy, natural beauty, and possibilities as a weekend escape, hunting and fishing basecamp, a weekend getaway rental, or a quiet place to reconnect with nature.
    Property Profile Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Schaller
    County
    Sac
    State
    Iowa
    Longitude
    -95.328592
    Latitude
    42.549114

    Nearby Similar for Sale

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      Fully equipped restaurant and bar ready for immediate operation.
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    • $175,000
      3,626 SF

      Turnkey Restaurant/Bar Opportunity in Schaller

      Fully equipped restaurant/bar ready for immediate operation in Schaller, Iowa.
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    FAQs

    What type of property is this?
    Farm - Scenic 2.7 acre farm/estate with stocked pond near Schaller.
    Where is this farm located?
    The property is located at 1629 Buchanan Avenue Schaller, IA.
    What is the asking price?
    The asking price for this property is $245,000.
    What are key features of this property?
    This property features: Private 2.7‑acre property featuring a **stocked 1/2‑acre pond perfect for fishing, swimming, and kayaking**.; Updated cabin featuring new windows, exterior doors, sliding doors, epoxy floor, and carpet.; Mature trees create a private, park‑like setting with apple, cherry, pine, and maple trees.
    (712) 657-2428
    We can help!
    Listing Contact
    Christopher Grote
    Request Owner's contact information
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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
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