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    Northwood Acreage with Utility Building Title is generated by Realmo AI

    4294 Lilac Ave, Northwood, IA 50459

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    For Sale
    $269,900

    FARM ACREAGE, Ranch - NORTHWOOD, IA

    Type:Farm
    Property size:
    3,136 SF
    Lot size:
    5.63 Acres
    Price / SF:
    $86/SF
    Added:
    May 8, 2026
    Days on Market:
    1
    Last Refresh:
    May 8 at 5:06 pm

    Property Features for 4294 Lilac Ave

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Zoning
    A/AGRICULTURE
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Family Room, Kitchen, Living Room, Utility Room
    Parking
    2
    Patio and Porch features
    Patio, Deck
    Interior features
    Master Bath, Separate Shower, Shower, Tub, Ceiling Fans, Natural Wood, Walk-in Closet
    Exterior features
    Dog Run, Storage Shed, Patio, Deck
    Fireplace
    1
    Basement Y/N
    1
    Appliances
    Dishwasher, Dryer, Range, Range - Gas, Refrigerator, Washer
    Standard status
    Active
    APN
    0624100008
    Size
    3,136 SF
    Lot size
    5.63 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    3130

    Utilities

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

    Building Details

    Year built
    1978
    Flooring type
    Carpet, Vinyl, Wood
    Building materials
    Vinyl Siding
    Roof type
    Asphalt
    Architectural style
    Ranch
    Additional Structures
    Kennel/Dog Run, Packing Shed, Shed(s), Storage

    We can help!

    Listing Contact
    RAY STEARNS

    Listing agent RAY STEARNS License #S55602

    Listing office CENTURY 21 PREFERRED 2800 4th SW, Mason City, IA

    Listing date May 8, 2026

    MLS# 260318 Listing URL

    Copyright © 2026 Greater Mason City Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 5.63 acre property features fenced areas, a 60x40 utility building with horse stalls, and 2 sheds.
    • 4 bedrooms and 2.75 bathrooms.
    • Two fireplaces, including a wood‑burning fireplace in the living room and family room.
    • Main level master bedroom with master bath and walk‑in closet.
    • Walk‑out basement with family room, 4th bedroom, 3/4 bath, gameroom/office, and canning kitchen.
    • New roof and furnace (replaced in 2025).

    Overview

    This 5.63-acre property in Northwood, IA, offers country living with a four-bedroom, 2.75-bath home. The main level features a master bedroom with a master bath and walk-in closet, two additional bedrooms, and a full main bath. The living room includes a wood fireplace and slider access to the deck. The dining room is open to the kitchen, which has a snack bar and slider to the deck. All kitchen appliances are included, as are the washer and dryer in the mud room. The lower level is a walk-out to the patio from the family room, which has a wood-burning fireplace. A large fourth bedroom, a 3/4 bath, a game room/office, a canning kitchen, and a large storage/utility room with an additional washer/dryer are also located on this level. Fences are in place, and the property includes a 60x40 utility building with horse stalls and two sheds. The roof and furnace were both replaced in 2025.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Northwood
    County
    Worth
    State
    Iowa
    Longitude
    -93.27088
    Latitude
    43.385254

    FAQs

    What type of property is this?
    Farm - 5.63-acre acreage featuring a utility building with horse stalls.
    Where is this farm located?
    The property is located at 4294 Lilac Ave Northwood, IA.
    What is the asking price?
    The asking price for this property is $269,900.
    What are key features of this property?
    This property features: 5.63 acre property features fenced areas, a 60x40 utility building with horse stalls, and 2 sheds.; 4 bedrooms and 2.75 bathrooms.; Two fireplaces, including a wood‑burning fireplace in the living room and family room.
    (641) 512-6233
    We can help!
    Listing Contact
    RAY STEARNS
    Real Estate License ID: S55602
    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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