Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    213th Street Fort Madison, IA 52627

    View on Map
    Claim this Listing
    For Sale
    $199,000

    LAND - Other - Fort Madison, IA

    Lot size:
    12.38 Acres
    Added:
    Jan 24, 2026
    Days on Market:
    94
    Last Refresh:
    Apr 28 at 9:06 pm

    Property Features for 213th Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    022909361760070
    Lot size
    12.38 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Description
    W PT SE NW S OF GOBBLER'S KNOB RD
    Tax Annual Amount
    438

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    William Johnson

    Listing agent William Johnson License #***

    Listing office Keller Williams Legacy Group 708 5th St, Coralville, IA

    Listing date Jan 24, 2026

    MLS# 6320575 Listing URL

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

    Overview

    Fort Madison Land For Sale

    This property comprises 12.38 acres of land situated in Fort Madison, Iowa. Located in Lee County, the land offers potential for various uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Fort Madison
    County
    Lee
    State
    Iowa
    Longitude
    -91.33043
    Latitude
    40.648044

    Nearby Similar for Sale

    • $210,000

      Remodeled Commercial Building on Highway

      Multi-purpose commercial building with high visibility and versatile layout.
      1219 Avenue H, Fort Madison, IA 52627
      View Details
    • $187,500
      2,000 SF

      Updated Duplex with Rental Income

      Updated home with rental income potential in Fort Madison, Iowa.
      1117 Avenue D, Fort Madison, IA 52627
      View Details
    • $385,000

      Versatile Land Opportunity in Iowa

      Two parcels totaling 15.98 acres suitable for residential or commercial development.
      4601 River bend sub lot 4, Fort Madison, IA 52627
      View Details
    • $49,900
      3,364 SF

      Fort Madison Duplex Opportunity

      Up/down duplex with enclosed porches and basement access.
      1119 AVENUE D, Fort Madison, IA 52627
      View Details
    • $125,000

      Commercial Land in Fort Madison, Iowa

      2.62-acre commercial land ideal for development in Fort Madison.
      4420 Ave L, Fort Madison, IA 52627
      View Details
    • $80,000
      2,256 SF

      Fort Madison Duplex For Sale

      Duplex near downtown and park, tenant-paid utilities, investment opportunity.
      305 Avenue E, Fort Madison, IA 52627
      View Details
    • $300,000

      40 Acres Timberland Near Town

      Prime 40-acre tract near Fort Madison, Iowa, for recreation or building.
      RR Woodland Heights, Fort Madison, IA 52627
      View Details
    • $174,900
      8,780 SF

      Spacious Mixed-Use Building with Apartments

      Large mixed-use property featuring retail space and residential apartments.
      820 Avenue G, Fort Madison, IA 52627
      View Details
    • $120,000

      Land in Fort Madison, Iowa

      1.08 acre land for sale in Fort Madison, Iowa.
      213th Street, Fort Madison, IA 52627
      View Details
    • $3,497,000
      14,820 SF

      CVS Pharmacy For Sale

      NNN leased CVS Pharmacy with approximately 8 years remaining.
      2639 Avenue L, Fort Madison, IA 52627
      View Details
    • $725,000

      Fort Madison Development Opportunity

      49.02 acre lot for potential development in Fort Madison.
      N Hillview Vil, Fort Madison, IA 52627
      View Details
    • $120,000

      Land in Fort Madison, Iowa

      1.18 acre land for sale in Fort Madison, Iowa.
      213th Street, Fort Madison, IA 52627
      View Details

    FAQs

    What type of property is this?
    Land - 12.38 acre land parcel available in Fort Madison, Iowa.
    Where is this land located?
    The property is located at 213th Street Fort Madison, IA.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: Location: [-91.27234,40.646904]
    (319) 470-5382
    We can help!
    Listing Contact
    William Johnson
    Real Estate License ID: ***
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!