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    Iowa Land Near Iowa City Title is generated by Realmo AI

    4963 Lower West Branch Road SE, Iowa City, IA 52240

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    Pending
    $4,692,640

    LAND - Iowa City, IA

    Lot size:
    293.29 Acres
    Added:
    Dec 22, 2025
    Days on Market:
    147
    Last Refresh:
    May 18 at 8:06 pm

    Property Features for 4963 Lower West Branch Road SE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Ag
    Standard status
    Pending
    Lot size
    293.29 Acres

    Taxes and HOA fees

    Tax Annual Amount
    12960

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Septic Tank
    Water source
    Well

    We can help!

    Listing Contact
    David & Ann Whitaker

    Listing agent David & Ann Whitaker License #B61078

    Listing office Whitaker Marketing Group 26466 Sand Hill Trail, Ames, IA

    Listing date Dec 22, 2025

    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.

    HighLights

    • Large 293.29 +/- acre tract in Johnson County, a premier east‑central Iowa market.
    • Excellent location: only 1/2 mile from Iowa City and Interstate 80, providing outstanding access and potential for future development.
    • Significant annual income of $92,401 from land cash rent, CRP payments, and house rent.
    • 244.74 tillable acres with a high CSR2 of 83.8, indicating fertile and productive farmland.
    • Onsite grain bin storage (four bins) adds operational value for grain handling and storage.
    • House on property is currently rented, with the lease terminating at closing.

    Overview

    This 293.29 acre tract of Iowa land is located in Johnson County, approximately a half mile from Iowa City and Interstate 80. The property includes approximately 244.74 tillable acres, with a CSR2 of 83.8 on those tillable acres. The farmland is rented for the 2026 crop season. Unique improvements include onsite grain bins. The house is currently rented, and that lease will terminate at closing. The property is zoned A1 Ag and located in West Branch Community School District. The land cash rent is $80,000 annually, CRP payment is $2,201 annually, and house rent is $10,200 annually, resulting in a total income of $92,401 annually. The property offers a combination of tillable acres, proximity to infrastructure, and existing grain bin storage.
    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
    -91.448248
    Latitude
    41.659794

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    FAQs

    What type of property is this?
    Farm - 293.29 acre Iowa land near Iowa City.
    Where is this farm located?
    The property is located at 4963 Lower West Branch Road SE Iowa City, IA.
    What is the asking price?
    The asking price for this property is $4,692,640.
    What are key features of this property?
    This property features: Large 293.29 +/- acre tract in Johnson County, a premier east‑central Iowa market.; Excellent location: only 1/2 mile from Iowa City and Interstate 80, providing outstanding access and potential for future development.; Significant annual income of $92,401 from land cash rent, CRP payments, and house rent.
    (515) 460-8585
    We can help!
    Listing Contact
    David & Ann Whitaker
    Real Estate License ID: B61078
    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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    4963 Lower West Branch Road SE, Iowa City, IA 52240
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