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    Agricultural Acreage with Multiple Sheds Title is generated by Realmo AI

    2395 Benton-Iowa Road, Blairstown, IA 52301

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    For Sale
    $325,000

    LAND - Other - Blairstown, IA

    Property size:
    1,176 SF
    Lot size:
    4.00 Acres
    Price / SF:
    $276/SF
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 2:06 pm

    Property Features for 2395 Benton-Iowa Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    85021100
    Lot size
    4.00 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    That part of the S 1/2 SE 1/4 of Section 32 and SW 1/4 SW 1/4 of Section 33, consisting of the house, buildings and driveway on approximately 4.00 acres, all in Township 82 North, Range 10 West of the 5th P.M., B
    Tax Annual Amount
    1842

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Doug Hensley

    Listing agent Doug Hensley License #***

    Listing office Hertz Real Estate Services 415 South 11th Street, Nevada, IA

    Listing date Jun 3, 2026

    MLS# 6338988 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.

    HighLights

    • 4.00 acres m/l on the north side of Benton‑Iowa Rd at 2395 Benton‑Iowa Rd, Marengo, IA (southeast of Blairstown).
    • Circa 1967 1‑story home with 1,176 SF living area: 3 bedrooms and 1 bath.
    • Main floor includes an eat‑in kitchen, living room, and laundry.
    • Hardwood floors in all bedrooms, the hallway, and living room.
    • Outbuildings include two 24' x 48' machine sheds (c. 1950), a 14' x 48' lean‑to, and a 45' x 80' steel machine shed (c. 1972) with partial concrete floor.
    • 40' x 64' barn with attached loafing sheds: 26' x 32' and 24' x 38'.

    Overview

    This well-cared-for rural acreage totals 4.00 acres and includes a 1-story home built circa 1967. The residence offers approximately 1,176 square feet of living area with three bedrooms and one bath, plus an eat-in kitchen, living room, and laundry on the main floor. Hardwood floors are featured in all bedrooms, the hallway, and living room. The property also includes a complete set of farm improvements designed for practical storage and livestock use, including two 24' x 48' machine sheds (circa 1950), a 14' x 48' lean-to, and a spacious 45' x 80' steel machine shed (circa 1972) with part of the building having a concrete floor. Additional structures include a 40' x 64' barn with two attached loafing sheds measuring 26' x 32' and 24' x 38', giving the site flexible capacity for a range of operations.

    The property is located southeast of Blairstown, Iowa on the north side of Benton-Iowa Road. It sits at 2395 Benton-Iowa Rd., providing straightforward rural access and a countryside setting with long, open views.

    This offering is well suited for buyers looking for an acreage home plus substantial outbuildings, whether for farm-related storage, equipment coverage, or livestock accommodation. The mix of sheds, lean-to, barn, and attached loafing areas supports everyday operational needs while keeping the property’s residential comfort intact.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Blairstown
    County
    Benton
    State
    Iowa
    Longitude
    -92.1025
    Latitude
    41.7846

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    FAQs

    What type of property is this?
    Farm - Rural 4-acre property with a three-bedroom home and extensive storage and livestock outbuildings on Benton-Iowa Road.
    Where is this farm located?
    The property is located at 2395 Benton-Iowa Road Blairstown, 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: 4.00 acres m/l on the north side of Benton‑Iowa Rd at 2395 Benton‑Iowa Rd, Marengo, IA (southeast of Blairstown).; Circa 1967 1‑story home with 1,176 SF living area: 3 bedrooms and 1 bath.; Main floor includes an eat‑in kitchen, living room, and laundry.
    (309) 338-7174
    We can help!
    Listing Contact
    Doug Hensley
    Real Estate License ID: ***
    Learn More
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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.

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