Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Centerville Land Lot Available Title is generated by Realmo AI

    611 N Main Street, Centerville, IA 52544

    View on Map
    Claim this Listing
    Picture of Land at 611 N Main Street, Centerville, IA
    For Sale
    Contact for pricing

    LAND - Other - Centerville, IA

    Lot size:
    0.30 Acres
    Added:
    Dec 10, 2025
    Days on Market:
    155
    Last Refresh:
    May 14 at 7:06 am

    Property Features for 611 N Main Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    340011029680000
    Lot size
    0.30 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    ORIG TOWN S 75' LOT 5 BK 6 RGE 4
    Tax Annual Amount
    160

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Lori Bogle
    Lori Bogle

    Listing agent Lori Bogle License #***

    Listing office Bogle Realty LLC 116 S 18th St, Centerville, IA

    Listing date Dec 10, 2025

    MLS# 6334252 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

    • 75x200 lot offers ample space.
    • Water and electric conveniently located at the road.
    • Lot available in Centerville.
    • Ready for your imagination to create the perfect space.
    • Possibilities for development.

    Overview

    A lot is available in Centerville, Iowa. The property, measuring 75x200, is suitable for development. Water and electric utilities are accessible at the road. The lot size is 0.3 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Centerville
    County
    Appanoose
    State
    Iowa
    Longitude
    -92.874137
    Latitude
    40.738003

    Nearby Similar for Sale

    • $215,000
      2,532 SF

      Income-Producing Four-Unit Multifamily Property

      Remodeled four-unit property in Centerville, Iowa, generating monthly rental income.
      427 E State Street, Centerville, IA 52544
      View Details
    • $17,000

      Residential Land in Centerville, Iowa

      Four lots for sale in Centerville, with city utilities.
      536 N 3rd Street, Centerville, IA 52544
      View Details
    • $55,000

      Centerville Land For Sale

      Two lots on high-traffic highway, great visibility, commercial potential.
      807 E Maple Street, Centerville, IA 52544
      View Details
    • $40,000
      1,611 SF

      Centerville Iowa Duplex Investment

      Duplex in Centerville, Iowa with cash flow potential.
      116 N Haynes Avenue, Centerville, IA 52544
      View Details
    • $69,900
      1,904 SF

      Centerville Duplex: Investment Opportunity

      Well-maintained duplex in Centerville, Iowa with income potential.
      301 E Walsh Street, Centerville, IA 52544
      View Details
    • $140,000

      Rathbun Lake 10-Acre Parcel

      10-acre parcel near Rathbun Lake, ideal for building a home.
      Hwy J29, Centerville, IA 52544
      View Details
    • $360,000
      8,560 SF

      Versatile Commercial Property on Highway

      Income-producing commercial property with multiple business possibilities on 1.7 acres.
      20120 Highway 2, Centerville, IA 52544
      View Details
    • $65,000

      Land Near Rathbun Lake Dam

      3.4 acre lot near Rathbun Lake, build your dream home.
      461st St, Centerville, IA 52544
      View Details
    • $25,000

      Residential Land in Centerville, Iowa

      0.689 acre residential land for sale in Centerville, Iowa.
      811 E Van Buren Street, Centerville, IA 52544
      View Details
    • $65,000

      Land with Valley Views

      Three acre lot near Rathbun Lake with valley views.
      Hwy J29, Centerville, IA 52544
      View Details
    • $40,000
      1,928 SF

      Centerville Iowa Duplex For Sale

      Duplex in Centerville, Iowa, with cash flow potential.
      404 N 10TH Street, Centerville, IA 52544
      View Details
    • $65,000

      Residential Land with Scenic Views

      2.3-acre residential lot with timber and valley views near Centerville.
      NKA, Centerville, IA 52544
      View Details

    FAQs

    What type of property is this?
    Land - Land lot available for development in Centerville, Iowa.
    Where is this land located?
    The property is located at 611 N Main Street Centerville, IA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: 75x200 lot offers ample space.; Water and electric conveniently located at the road.; Lot available in Centerville.
    (641) 856-7002
    We can help!
    Listing Contact
    Lori Bogle
    Lori Bogle
    Real Estate License ID: ***
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    611 N Main Street, Centerville, IA 52544
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!