Add Listing
    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

    927 22nd Street Boone, IA 50036

    View on Map
    Claim this Listing
    New
    For Sale
    Contact for pricing

    LAND - Boone, IA

    Lot size:
    0.08 Acres
    Added:
    Apr 10, 2026
    Days on Market:
    1
    Last Refresh:
    Apr 10 at 7:06 pm

    Property Features for 927 22nd Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R
    Standard status
    Active
    APN
    088426164350121
    Lot size
    0.08 Acres

    Taxes and HOA fees

    Tax Description
    NORTH SIDE HEIGHTS E 35' LOTS 8 & 9 BLOCK 7 SW SE
    Tax Annual Amount
    144

    We can help!

    Listing Contact
    Kyle Van Winkle
    Kyle Van Winkle

    Listing agent Kyle Van Winkle License #64228000

    Listing office RE/MAX Concepts-Ames 2704 Stange Rd, IA

    Listing date Apr 10, 2026

    MLS# 738232 Listing URL

    Copyright © 2026 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.

    Overview

    Residential Lot with Cement Slab

    This residential lot, located in Boone, Iowa, features a cement slab measuring 22 x 30. The lot is plumbed for water and sewer. The lot size is 0.0803 acres and is zoned R.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Boone
    County
    Boone
    State
    Iowa
    Longitude
    -93.878818
    Latitude
    42.078478

    Nearby Similar for Sale

    • $625,000
      2,010 SF

      Commercial Building with Drive-Up Window

      Commercial building suitable for retail, restaurant, or convenience store.
      403 Story Street, Boone, IA 50036
      View Details
    • $399,000
      6,560 SF

      Boone Commercial Property For Sale

      Versatile commercial property with office and warehouse space in Boone.
      2136 Mamie Eisenhower Avenue, Boone, IA 50036
      View Details
    • $229,900
      3,269 SF

      Well-Kept Boone Investment Property

      Five-unit residential income property in Boone, Iowa, near downtown.
      316 Boone Street, Boone, IA 50036
      View Details
    • $27,500

      Land in Boone, Iowa

      Land with cement slab, plumbed for water and sewer.
      927 22nd Street, Boone, IA 50036
      View Details
    • $125,000

      Golf Course Lot For Sale

      0.6-acre golf course lot with scenic views and privacy.
      1389 231st Road, Boone, IA 50036
      View Details
    • $89,900

      Residential Lot Near Golf Course

      0.33-acre residential lot near Cedar Pointe Golf Course.
      1615 Hancock Drive, Boone, IA 50036
      View Details
    • $32,000

      Residential Lot Ready for Development

      90x90 residential lot in Boone, IA, ready for development.
      1122 18th Street, Boone, IA 50036
      View Details
    • $225,000

      5.34 Acres of Hunting Land

      5.34 acre property ideal for hunting and building.
      1260 BLK 252nd Lane, Boone, IA 50036
      View Details
    • $1,725,000
      23,760 SF

      Parkview Terrace Multifamily Investment Opportunity

      24-unit apartment community in Boone, Iowa with value-add potential.
      1003 Parkway Drive, Boone, IA, 50036
      View Details
    • $50,000
      1 SF

      Industrial Land for Sale

      Gravel surfaced industrial lot suitable for parking or storage.
      1737 Mamie Eisenhower Avenue, Boone, IA, 50036
      View Details
    • $30,000

      Residential Lot in Boone, Iowa

      0.21 acre lot in a desirable Boone neighborhood.
      205 W 8th Street, Boone, IA 50036
      View Details
    • $125,000

      Residential Land in Oak Park

      Land for dream home in Boone, Iowa's Oak Park.
      Oak Park lot: # 18, Boone, IA 50036
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot featuring a 22x30 cement slab.
    Where is this residential land & home lot located?
    The property is located at 927 22nd Street Boone, 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: Cement slab (22 x 30) already in place.; Plumbed for water.; Plumbed for sewer.
    (515) 276-2872
    We can help!
    Listing Contact
    Kyle Van Winkle
    Kyle Van Winkle
    Real Estate License ID: 64228000
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!