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    Versatile 260 Acre Combination Farm Title is generated by Realmo AI

    315th Avenue, Moulton, IA 52572

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    Picture of Farms at 315th Avenue, Moulton, IA
    For Sale
    $1,404,000

    LAND - Other - Moulton, IA

    Lot size:
    260.00 Acres
    Added:
    Nov 26, 2025
    Days on Market:
    191
    Last Refresh:
    Jun 5 at 8:06 am

    Property Features for 315th Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    330283006520000
    Lot size
    260.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Being the North 1/2 of the Southeast 1/4 and part of the East 1/2 of the Northwest 1/4, South of the Railroad, and part of the Northeast 1/4, all in Section 5, Township 68 North, Range 16 West, Appano
    Tax Annual Amount
    2534

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Douglas Yegge

    Listing agent Douglas Yegge License #***

    Listing office Peoples Company 12119 Stratford Dr Ste B, Clive, IA

    Listing date Nov 26, 2025

    MLS# 6334515 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

    • 260 M/L acre combination farm with row‑crop ground, pasture, hunting land, and potential building sites.
    • Located in Appanoose County, Iowa, just south of Moulton and east of Centerville, close to Ottumwa & Fairfield.
    • Features approximately 62.82 FSA cropland acres currently in production.
    • CSR2 rating of 35.1 on tillable acres.
    • Includes grass pasture, timbered draws, and ponds.
    • Multiple driveways provide easy access from the western border.

    Overview

    This 260 M/L acre combination farm features productive row-crop ground, pasture, hunting land, and potential building sites. The property is located just south of Moulton and east of Centerville in Appanoose County, Iowa, specifically in Section 24 of Wells Township on 590th Street, a little over two miles west of Highway 202. This versatile farm presents a variety of opportunities for the next owner. It would make an excellent addition to an existing farming operation, an ideal and affordable starter farm for a beginning farmer, a nice recreational property close to Ottumwa & Fairfield, or a sizable building site that could be divided into multiple parcels. The farm includes an estimated 62.82 FSA cropland acres currently in production, carrying a CSR2 rating of 35.1. The tillable acres consist primarily of Olmitz-Vesser-Colo complex, Armstrong loam & Mystic silt loams. The balance of the property is currently in grass pasture, timbered draws and ponds. The farm is very accessible, with multiple driveways located on the western border of the property. Sale is subject to lease back.
    Property Profile Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Moulton
    County
    Appanoose
    State
    Iowa
    Longitude
    -92.6831583
    Latitude
    40.63280616

    FAQs

    What type of property is this?
    Farm - Combination farm with cropland, pasture, hunting land, and building sites.
    Where is this farm located?
    The property is located at 315th Avenue Moulton, IA.
    What is the asking price?
    The asking price for this property is $1,404,000.
    What are key features of this property?
    This property features: 260 M/L acre combination farm with row‑crop ground, pasture, hunting land, and potential building sites.; Located in Appanoose County, Iowa, just south of Moulton and east of Centerville, close to Ottumwa & Fairfield.; Features approximately 62.82 FSA cropland acres currently in production.
    (563) 659-5561
    We can help!
    Listing Contact
    Douglas Yegge
    Real Estate License ID: ***
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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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