Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Winterset Land Ready For Building Title is generated by Realmo AI

    2215 245th Lane, Winterset, IA 50273

    View on Map
    Claim this Listing
    For Sale
    $169,900

    LAND - Winterset, IA

    Lot size:
    4.68 Acres
    Added:
    May 22, 2025
    Days on Market:
    367
    Last Refresh:
    May 23 at 5:06 pm

    Property Features for 2215 245th Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    ag
    Standard status
    Active
    Lot size
    4.68 Acres

    Taxes and HOA fees

    Tax Description
    Lot 2 Hog Heaven Estates
    Tax Annual Amount
    1

    We can help!

    Listing Contact
    Sarah Cowman

    Listing agent Sarah Cowman

    Listing office Homefront Real Estate, LLC 57 E Jefferson, Winterset, IA

    Listing date May 22, 2025

    MLS# 718820 Listing URL

    Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large 4.68 acre lot ideal for building.
    • Walk‑out basement potential due to the gentle slope.
    • Overlooks a pristine pond.
    • Utilities are available at the road.
    • Located on a quiet dead‑end road with minimal gravel.
    • Minimal covenants (currently being drawn up).

    Overview

    This 4.68 acre lot is located just south of town on minimal gravel, situated on a dead end road. The rolling building lot gently slopes to the north, offering a walk-out opportunity and overlooks a pond. Utilities are available at the road. Covenants are currently being drawn up by an attorney, and the county needs to approve the final plat. The property is zoned for agricultural use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Winterset
    County
    Madison
    State
    Iowa
    Longitude
    -94.0097062
    Latitude
    41.2945502

    Nearby Similar for Sale

    • $775,000

      Commercial Investment Property in Winterset

      Fully leased retail property in historic Winterset with high visibility.
      115 E Washington Street, Winterset, IA 50273
      View Details
    • $160,000

      Winterset Acreage Subdivision Land

      3+ acre lots with city services and countryside views.
      2323 Cedar Bridge Road, Winterset, IA 50273
      View Details
    • $350,000

      Winterset Acreage on Pavement

      18.64 acres south of Winterset with development potential.
      Clark Tower Road, Winterset, IA 50273
      View Details
    • $395,000

      Winterset, IA Commercial Land

      Commercial land available in Winterset, ready Spring 2025.
      4th Avenue N lot: 5, Winterset, IA 50273
      View Details
    • $160,000

      Winterset Acreage Subdivision Land

      3+ acre lots with city services and countryside views.
      2211 Cedar Bridge Road, Winterset, IA 50273
      View Details
    • $250,000

      Winterset Acreage Subdivision Land

      Residential land in city limits with country views.
      2269 205th Lane, Winterset, IA 50273
      View Details
    • $160,000

      Winterset Acreage Subdivision Land

      3+ acre lots in city limits with city services.
      2259 Cedar Bridge Road, Winterset, IA 50273
      View Details
    • $260,000

      Ready-to-Build Country Acreage

      10+ acre lot near Winterset, build-ready with utilities in place.
      2212 Deer Run Avenue, Winterset, IA 50273
      View Details
    • $125,000
      1,556 SF

      Winterset Duplex: Investment Opportunity

      Conversion duplex near downtown Winterset, ideal for investors.
      523 S 2nd Street, Winterset, IA 50273
      View Details
    • $285,000

      Winterset Land with Pond

      13.5 acres of land with stocked pond near Winterset.
      2571 250th Lane, Winterset, IA 50273
      View Details
    • $775,000
      7,920 SF

      Commercial Investment Property in Winterset

      Fully leased commercial property with strong revenue and high visibility.
      115 E Washington St, Winterset, IA 50273
      View Details
    • $949,000
      2,300 SF

      Turnkey Commercial Building and Businesses

      Commercial building with three established businesses in Winterset, Iowa.
      215 N 1st Ave, Winterset, IA 50273
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 4.68 acre lot ready for your dream home!
    Where is this residential land & home lot located?
    The property is located at 2215 245th Lane Winterset, IA.
    What is the asking price?
    The asking price for this property is $169,900.
    What are key features of this property?
    This property features: Large 4.68 acre lot ideal for building.; Walk‑out basement potential due to the gentle slope.; Overlooks a pristine pond.
    (515) 468-0409
    We can help!
    Listing Contact
    Sarah Cowman
    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

    Thank You for Inquiry
    2215 245th Lane, Winterset, IA 50273
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!