Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Lots in Country View Estates Title is generated by Realmo AI

    Benton Avenue E Lot 16, Albia, IA 52531

    View on Map
    Claim this Listing
    For Sale
    $40,000

    LAND - Other - Albia, IA

    Lot size:
    0.48 Acres
    Added:
    Sep 16, 2019
    Days on Market:
    2445
    Last Refresh:
    May 26 at 4:06 am

    Property Features for Benton Avenue E Lot 16

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.48 Acres

    Taxes and HOA fees

    Tax Year
    2021
    Tax Description
    Lot 15 Country View Estates Plat 1 Lot 16 Country View Estates Plat 1

    Utilities

    Utilities
    Water Available

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Allyson Ryan-haberman

    Listing agent Allyson Ryan-haberman License #***

    Listing office Hawkeye Farm Mgmt & Real Estat 1010 S Clinton, Albia, IA

    Listing date Sep 16, 2019

    MLS# 5424713 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

    • Choice of Lots 15 or 16 in Country View Estates, a new residential development.
    • Utilities are already available on the lots.
    • Located near the Albia Golf Course.
    • Potential for a 10‑year tax abatement on new construction (contact City of Albia for details).
    • 12 lots available in the development (only Lots 15 or 16 are available for this listing).
    • Building plans required with offer submission.

    Overview

    Located in Country View Estates, this residential development in Albia offers an opportunity to build on a 0.48-acre lot. The lots come complete with utilities and are situated near the Albia Golf Course. According to the listing, new builds may qualify for a 10-year tax abatement. There are multiple lots to choose from. Building plans are required to be submitted with any offer.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Albia
    County
    Monroe
    State
    Iowa
    Longitude
    -92.807753
    Latitude
    41.027051

    Nearby Similar for Sale

    • $575,000

      Versatile Commercial Building Near Highway

      6,032 SF building on 1.21 acres near Highway 5.
      2062 653rd Avenue, Albia, IA 52531
      View Details
    • $420,000

      Versatile Shop with Living Quarters

      60x200 shop with living space near Albia, Iowa.
      6547 157th Trail, Albia, IA 52531
      View Details
    • $289,000
      7,040 SF

      Historic Building Turn-Key Business Opportunity

      Historic building with turn-key business setup on Albia Square.
      11 Benton Avenue E, Albia, IA 52531
      View Details
    • $470,280

      Productive Farmland with Recreational Appeal

      39-acre farm with tillable ground and recreational opportunities near Albia.
      01 655th Avenue, Albia, IA 52531
      View Details
    • $49,900

      Land in Albia, Iowa

      Two parcels totaling 0.713 acres in city limits.
      N F Street, Albia, IA 52531
      View Details
    • $1,889,608

      Productive Farmland in Monroe County

      141 acre Iowa farm with high CSR2 rating.
      655th Avenue, Albia, IA 52531
      View Details
    • $899,424

      Secluded Hunting Farm in Albia

      166 acre hunting farm with diverse habitat in Iowa.
      189th Street, Albia, IA 52531
      View Details
    • $31,500

      Residential Lots in Country View Estates

      Residential lots available in new Albia development with utilities.
      Benton Avenue Lot 3, Albia, IA 52531
      View Details
    • $295,000

      21 Acres in Monroe County

      Scenic Iowa land with building site, timber, creek, and pond.
      02 655th Avenue, Albia, IA 52531
      View Details
    • $575,000
      6,032 SF

      Commercial Building Near Highway 5

      6,032 SF commercial building on 1.21 acres near Highway 5.
      2062 653rd Ave, Albia, IA 52531
      View Details
    • $33,000

      Residential Lots in Country View

      Residential lots available in new Albia development with utilities.
      Benton Avenue E Lot 21, Albia, IA 52531
      View Details
    • $36,000

      Residential Land in Country View Estates

      Residential lots with utilities near Albia Golf Course.
      Benton Avenue Lot 13, Albia, IA 52531
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lots with utilities near Albia Golf Course.
    Where is this residential land & home lot located?
    The property is located at Benton Avenue E Lot 16 Albia, IA.
    What is the asking price?
    The asking price for this property is $40,000.
    What are key features of this property?
    This property features: Choice of **Lots 15 or 16** in Country View Estates, a new residential development.; Utilities are already available on the lots.; Located near the Albia Golf Course.
    (641) 799-3031
    We can help!
    Listing Contact
    Allyson Ryan-haberman
    Real Estate License ID: ***
    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
    Benton Avenue E Lot 16, Albia, IA 52531
    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!