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    The Largest CRE Database in the US with Over 1 Million Listings

    3331 380Th St Stratford, IA 50249

    Sponsored
    For Sale
    $450,000

    Farm - Stratford, IA

    Type:Farm
    Property size:
    1,920 SF
    Days on Market:
    47
    Last Refresh:
    Jan 30 at 8:06 am

    Property Features for 3331 380Th St

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    3
    APN
    2024300007
    Parking features
    Garage, Garage - Attached
    Interior features
    Ceiling Fan(s), Window Treatment(s)
    Exterior features
    Propane Tnk - Owned, Window Treatment(s), Barn(s), Machine Shed
    Appliances
    Dishwasher, Garbage Disposer, Microwave, Range, Refrigerator, Washer
    Size
    1,920 SF

    Utilities

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

    Building Details

    Year built
    1975
    Flooring type
    Carpet, Hardwood, Vinyl
    Building materials
    Brick, Vinyl Siding
    Architectural style
    Other
    Additional Structures
    Barn(s), Packing Shed, Shed(s)

    We can help!

    Listing Contact
    Van Winkle Real Estate Team

    Iowa Realty-Ankeny (515) 453-5800

    Listing agent Van Winkle Real Estate Team (515) 276-2872

    Listing date Dec 15, 2025

    MLS# 69077 Listing URL

    Copyright © 2026 Central Iowa Board 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.

    Learn more

    Property Insight Report

    Overview

    Updated Acreage Near Stratford

    This updated acreage, located just outside Stratford, offers a blend of country charm and modern comfort. The 4-bedroom, 3-bath home provides space and versatility. Major improvements were completed in 2023, including new siding, roof, select windows, and garage doors. The main level features two bedrooms and two bathrooms, a spacious living room, and an open kitchen and dining area. A flexible bonus space can serve as a home office, mudroom, pantry, or main-level laundry. The fully finished lower level includes a full second kitchen with all appliances and a wine fridge, a large rec/living area, two additional bedrooms, and an updated bathroom. This setup is suitable for hosting guests, a mother-in-law suite, or potential rental opportunities. Outside, there is an attached two-car garage plus additional outbuildings for storage. The property is approximately 30 miles from Ames and Fort Dodge and just over an hour from Des Moines. The property size is 1920 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Stratford
    County
    Hamilton
    State
    Iowa
    Longitude
    -93.9442817
    Latitude
    42.2387698

    FAQs

    What type of property is this?
    Farm - Spacious 4-bedroom home with modern updates and outbuildings.
    Where is this farm located?
    The property is located at 3331 380Th St Stratford, IA.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Extensive 2023 renovations including new siding, roof, select windows, and garage doors.; - Finished lower level with full kitchen, living area, 2 bedrooms, and updated bathroom offers multi-generational living or rental potential.; - Spacious 4-bedroom, 3-bath home with flexible bonus space.
    (515) 450-6324
    Request Owner's contact information
    3331 380Th St Stratford, IA 50249
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    Stratford, IA 50249
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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
    3331 380Th St Stratford, IA 50249
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    Listing Contact
    Van Winkle Real Estate Team
    (515) 450-6324
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