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    2251 150Th Ave Donnellson, IA 52625

    Sponsored
    For Sale
    $50,000

    Farm/Estate - Donnellson, IA

    Type:Farm
    Property size:
    1,825 SF
    Lot size:
    149.00 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 4 at 7:06 am

    Property Features for 2251 150Th Ave

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Zoning
    300
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Kitchen, Living Room
    Bedrooms
    4
    Bathrooms
    2
    APN
    012712024000020
    Parking features
    Garage
    Basement Y/N
    1
    Appliances
    Dishwasher, Dryer, Refrigerator, Washer
    Size
    1,825 SF
    Lot size
    149.00 Acres

    Utilities

    Heating system
    Forced Air, Propane (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1918
    Year renovated
    1918
    Floors in Building
    2
    Architectural style
    Other

    We can help!

    Listing Contact
    Chris Richard

    Steffes Group, Inc. (701) 237-9173

    Listing agent Chris Richard (701) 237-9173

    Listing date Mar 2, 2026

    MLS# 11665163 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.

    Learn more

    Property Insight Report

    Overview

    Donnellson Farm/Estate Offered in Tracts

    This 149± acre farm in Donnellson, IA, will be offered in 3 tracts via timed online auction, with bidding ending March 26, 2026. Tract 1 consists of 100± acres of row crop land with approximately 98 tillable acres and a CSR2 of 64.2 on the tillable acres. Terrace and tile work have been completed on this farm, located in Section 2, Van Buren Township, Lee County, Iowa. Tract 2 is a 48± acre combination farm featuring approximately 41 tillable acres, of which 11.65 acres are in CRP with varying expiration dates and rates, and the balance of the land is timber draw. The CSR2 is 54.8 on the tillable acres. This tract is also located in Section 2, Van Buren Township, Lee County, Iowa. Tract 3 includes a two-story country acreage with buildings on 1± acre. The older country home, built in 1918, has 1,825 total sq. ft. of living space on two levels, featuring 4 bedrooms and 1 3/4 baths. The main level includes a kitchen with an adjoining dining room, a separate formal dining room, a living room, and a laundry room with a 3/4 bath, washer, and dryer. An open stairway leads to the four bedrooms and a full bath. The basement has a high-efficiency gas furnace with central air. The home has Rathbun rural water and a well (condition unknown). Outbuildings include a 50'x72' Morton open-faced machine shed, a 24'x32' shed, a 20'x22' detached garage, and a small shed, along with 3,400 bu. and 2,262 bu. grain bins.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Law Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Donnellson
    County
    Lee
    State
    Iowa
    Longitude
    -91.624793
    Latitude
    40.629924

    Nearby Similar for Sale

    • $82,000
      0.16 Acres

      Donnellson Commercial Building - Huge Potential

      Versatile three-level building with kitchen & garage.
      600 Main St, Donnellson, IA 52625
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    FAQs

    What type of property is this?
    Farm - 149± acre farm in 3 tracts offered online.
    Where is this farm located?
    The property is located at 2251 150Th Ave Donnellson, IA.
    What is the asking price?
    The asking price for this property is $50,000.
    What are key features of this property?
    This property features: - 149± acre farm offered in 3 tracts via timed online auction ending March 26, 2026.; - Tract 1: 100± acres of row crop land with tenant in place for the 2026 farming season; CSR2 is 64.2 on the tillable acres.; - Tract 2: 48± acre combination farm with row crop land, CRP income (expiring 2027-2032), and timber draws; CSR2 is 54.8 on the tillable acres.
    (319) 385-2000
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    2251 150Th Ave Donnellson, IA 52625
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    Donnellson, IA 52625
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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
    2251 150Th Ave Donnellson, IA 52625
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    Listing Contact
    Chris Richard
    (319) 385-2000 (701) 237-9173
    Learn more
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