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

    6317 Vandalia Dr Pleasant Hill, IA 50327

    Sponsored
    For Sale
    $149,750

    LAND - Pleasant Hill, IA

    Lot size:
    4.82 Acres
    Days on Market:
    36
    Last Refresh:
    Jan 31 at 11:06 am

    Property Features for 6317 Vandalia Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RR
    APN
    22000555551001
    Lot size
    4.82 Acres

    Utilities

    Sewer type
    Septic Tank

    We can help!

    Listing Contact
    Pennie Carroll
    Pennie Carroll

    Pennie Carroll & Assoc (515) 967-3544

    Listing agent Pennie Carroll (515) 490-8025

    Listing date Dec 27, 2025

    MLS# 731128 Listing URL

    Copyright © 2025 Des Moines Area Association 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

    Land in Pleasant Hill, Iowa

    Two platted lots, identified as Lots 1 and 2 of Val Halla Estates Plat 3, are available. A drainage easement runs through the frontage of the property, which presents challenges for new drives. Any crossing request will require engineered design and sizing for the crossing and a grading plan. The slope of the drive cannot exceed 10% off of the roadway, and this must be incorporated into the engineered plan. Woodland protection requirements are in place to protect 75% of the trees on the site, and this must also be shown on the plan. If both lots are sold together, the existing entrance can be used, which would greatly reduce many of the challenges. The total lot size is 4.819 acres. The zoning is RR. The property is located in Pleasant Hill, Iowa.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Building Supply Gym & Fitness Electrical Service Pawn Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Pleasant Hill
    County
    Polk
    State
    Iowa
    Longitude
    -93.483472
    Latitude
    41.558714

    Nearby Similar for Sale

    • $437,500
      1,563 SF

      Ranch Duplex with Pond View

      Modern duplex in Pleasant Hill backing to a pond.
      782 NE 71St St, Pleasant Hill, IA 50327
      View Details
    • $1,721,750
      68.00 Acres

      68 Acres Development Land Opportunity

      68 acres of land ideal for development near Pleasant Hill.
      5917 SE 6Th Ave, Pleasant Hill, IA 50327
      View Details
    • New
      $300,000
      0.36 Acres

      Pleasant Hill Ranch-Style Duplex

      Well-maintained duplex with 3 bedrooms, 2 baths, and finished basement.
      4510 Concord Dr, Pleasant Hill, IA 50327
      View Details

    FAQs

    What type of property is this?
    Land - Two platted lots available in Pleasant Hill, Iowa.
    Where is this land located?
    The property is located at 6317 Vandalia Dr Pleasant Hill, IA.
    What is the asking price?
    The asking price for this property is $149,750.
    What are key features of this property?
    This property features: - Two platted lots available (Lots 1 and 2 of Val Halla Estates Plat 3).; - Purchasing both lots offers the potential to use the existing entrance, reducing development challenges.; - Final plat included for your convenience.
    (515) 490-8025
    Request Owner's contact information
    6317 Vandalia Dr Pleasant Hill, IA 50327
    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.
    6317 Vandalia Dr
    Pleasant Hill, IA 50327
    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
    6317 Vandalia Dr Pleasant Hill, IA 50327
    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
    Pennie Carroll
    Pennie Carroll
    Real Estate License ID: F05964000
    (515) 490-8025
    Learn more
    Google sign-in failed. Please try again or use another login method.