Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4963 Lower West Branch Rd Iowa City, IA 52240

    Sponsored
    For Sale
    $5,865,800

    Agriculture - Iowa City, IA

    Type:Agriculture
    Lot size:
    293.29 Acres
    Days on Market:
    15
    Last Refresh:
    Feb 24 at 3:06 pm

    Property Features for 4963 Lower West Branch Rd

    General Information

    Property type
    Land
    Property subtype
    Agriculture
    Standard status
    Active
    Exterior features
    Grain Bin(s)
    Lot size
    293.29 Acres

    Building Details

    Architectural style
    Other
    Additional Structures
    Grain Storage

    We can help!

    Listing Contact
    David Whitaker

    Whitaker Marketing Group (515) 460-8585

    Listing agent David & Ann Whitaker (515) 460-8585 License #B61078

    Listing date Feb 10, 2026

    MLS# 69118 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

    Iowa Land Near Iowa City

    This 293.29 +/- acre tract of Iowa land is located in Johnson County, just a half mile from Iowa City and Interstate 80. The property includes approximately 244.74 tillable acres per Surety Maps, with a CSR2 of 83.8 on those tillable acres. The farmland is rented for the 2026 crop season, and the buyer will receive the full 2026 cash rent payment. Onsite grain bin storage is included, with four bins of varying sizes and years. The property is composed of one tract in Sections 8 and 17, Township 79 North, Range 5 West. The property is zoned A1 Ag and is located in the West Branch Community School District. The house is currently rented, and that lease will terminate at closing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Restaurant Gym & Fitness Center (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Iowa City
    County
    Johnson
    State
    Iowa
    Longitude
    -91.446304
    Latitude
    41.65835

    Nearby Similar for Sale

    • $529,000

      Iowa City Mixed-Use Building

      Three-story live/work building in the Peninsula Neighborhood.
      1010 Martin St, Iowa City, IA 52245
      View Details
    • $5,865,800
      293.29 Acres

      293 Acres Near Iowa City

      293 acre Iowa farm with tillable land and grain bins.
      4963 Lower West Branch Rd SE, Iowa City, IA 52240
      View Details
    • $825,000

      Downtown Iowa City Office Condo

      Office condo in downtown Iowa City with conversion potential.
      22 S Linn St, Iowa City, IA 52240
      View Details
    • $2,500,000
      1.98 Acres

      Spacious Office Suite with Atrium

      Impressive office space with open plan and included furniture.
      2834 Northgate Dr, Iowa City, IA 52245
      View Details
    • $1,875,000
      12,168 SF

      Iowa City Multifamily Investment Opportunity

      Two well-maintained buildings near University of Iowa offer redevelopment potential.
      5 Woolf Ave, Iowa City, IA 52240
      View Details
    • $1,050,000
      3,855 SF

      Eastside Office Suites For Sale

      High-visibility office suites in IowaCity, ideal for owner-user or investment.
      673 Westbury Dr, Iowa City, IA 52245
      View Details
    • $1,085,000
      0.41 Acres

      Downtown Iowa City Office Suite

      4866 SF office suite in downtown Iowa City.
      125 S Dubuque St, Iowa City, IA 52240
      View Details
    • $371,520

      Spacious Office with Modern Amenities

      Large office space with new HVAC and free parking.
      1700 S 1St Ave, Iowa City, IA 52240
      View Details
    • $329,900
      Pending

      Iowa City Duplex For Sale

      Well-maintained duplex near downtown Iowa City with off-street parking.
      838-840 Page St, Iowa City, IA 52240
      View Details
    • New
      $1,450,000
      11,088 SF

      Iowa City Condominium Investment Opportunity

      Twelve condominiums with rental history near UIHC and schools.
      403 Westwinds Dr, Iowa City, IA 52246
      View Details
    • $670,000
      0.41 Acres

      Downtown Iowa City Office Suite

      Office suite for sale in downtown Iowa City.
      125 S Dubuque St, Iowa City, IA 52240
      View Details
    • $1,025,000
      Pending

      Productive Farmland Investment Near Iowa City

      96.39 acres of farmland near Iowa City, Iowa.
      Lower West Branch Rd SE, Iowa City, IA 52358
      View Details

    FAQs

    What type of property is this?
    Farm - 293.29 acre Iowa land for sale near Iowa City.
    Where is this farm located?
    The property is located at 4963 Lower West Branch Rd Iowa City, IA.
    What is the asking price?
    The asking price for this property is $5,865,800.
    What are key features of this property?
    This property features: - 244.74 tillable acres with a high CSR2 of 83.8, indicating fertile and productive farmland.; - Strategic location just 1/2 mile from Iowa City and Interstate 80, providing excellent accessibility and market connectivity.; - Existing grain bin storage on-site, adding operational value for grain handling and storage.
    (515) 460-8585
    Request Owner's contact information
    4963 Lower West Branch Rd Iowa City, IA 52240
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4963 Lower West Branch Rd
    Iowa City, IA 52240
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    4963 Lower West Branch Rd Iowa City, IA 52240
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    David Whitaker
    Real Estate License ID: B61078
    (515) 460-8585 (515) 233-2623
    Learn more
    Google sign-in failed. Please try again or use another login method.