Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land in Perry, Iowa Title is generated by Realmo AI

    Lucinda Street, Perry, IA 50220

    View on Map
    Claim this Listing
    Pending
    Contact for pricing

    LAND - Perry, IA

    Lot size:
    0.39 Acres
    Added:
    Apr 13, 2026
    Days on Market:
    49
    Last Refresh:
    May 31 at 1:06 pm

    Property Features for Lucinda Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R
    Standard status
    Pending
    APN
    0209405020
    Lot size
    0.39 Acres

    Taxes and HOA fees

    Tax Description
    LOT 1 AUDITORS PLAT NW SE
    Tax Annual Amount
    131

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Brooklin Griffis
    Brooklin Griffis

    Listing agent Brooklin Griffis License #S69784000

    Listing office RE/MAX Precision 709 SW 3rd Street, Clive, IA

    Listing date Apr 13, 2026

    MLS# 738218 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.

    HighLights

    • Cleared and flat lot ready for building
    • Utilities (gas, electric, water, and sewer) conveniently nearby
    • Zoned residential, allowing for flexible building options
    • Bring your own builder
    • Ideal for investors capitalizing on Perry's strong rental demand
    • Public water and sewer connections available

    Overview

    This 0.39-acre lot is located on Lucinda Street in Perry, Iowa. The property is zoned residential and is suitable for building. The flat lot has nearby access to utilities, including gas, electric, water, and sewer. The property is suitable for investors looking to capitalize on rental demand or buyers ready to build a home.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Perry
    County
    Dallas
    State
    Iowa
    Longitude
    -94.120969
    Latitude
    41.840338

    Nearby Similar for Sale

    • $650,000
      16,806 SF

      Versatile Commercial Property in Perry

      Large commercial building with sanctuary, classrooms, kitchen, and ample parking.
      1220 4th Street, Perry, IA 50220
      View Details
    • $495,000
      9,240 SF

      Former Funeral Home For Sale

      9,240 SF building suitable for retail, office, or religious use.
      1417 2nd Street, Perry, IA 50220
      View Details
    • $1,800,000
      12,400 SF

      Versatile Industrial Warehouse in Perry

      Industrial warehouse on 2.86 acres with flexible space.
      3398 Nolan-Carney Drive, Perry, IA 50220
      View Details
    • $250,000

      Turnkey Diner Opportunity in Perry

      Successful diner with building and equipment for sale in Perry.
      2720 Willis Avenue, Perry, IA 50220
      View Details
    • $735,000
      5,400 SF

      Retail Space on Highway 141

      Retail space available near Highway 141 in Perry, Iowa.
      524 1st Ave, Perry, IA
      View Details
    • $750,000
      16,806 SF

      Versatile Commercial Property in Perry

      Large commercial building with ample parking and extensive interior space.
      1220 4th St, Perry, IA 50220
      View Details
    • $110,000

      Scenic Acreage for Dream Home

      3.39 acres to build your dream home near Perry, IA.
      J Avenue Highway lot: 8, Perry, IA 50220
      View Details
    • $1.00

      Iowa Wind Turbines Sealed Bid

      Thirteen wind turbines available via absolute sealed bid auction.
      00 150th Street, Perry, IA 50220
      View Details
    • $1,300,000
      30,000 SF

      30,000 SF Shell Industrial Building

      30,000 SF shell industrial building on 5.26 acres.
      507 Research Dr, Perry, IA 50220
      View Details
    • $1,500,000
      30,000 SF

      30,000 SF Shell Industrial Building

      Shell industrial building in Perry Industrial Park on 5.26 acres.
      104 Research Dr, Perry, IA
      View Details
    • Contact for pricing

      Expansive Certified Site for Development

      119-acre certified site with infrastructure and completed due diligence.
      L Ave, Perry, IA
      View Details
    • Contact for pricing

      Perry Industrial Park Land Parcels

      Industrial lots available within established Perry Industrial Park.
      3170 Willis Ave, Perry, IA 50220
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Cleared, flat lot in Perry ready for your vision.
    Where is this residential land & home lot located?
    The property is located at Lucinda Street Perry, 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: Cleared and flat lot ready for building; Utilities (gas, electric, water, and sewer) conveniently nearby; Zoned residential, allowing for flexible building options
    (515) 223-9492
    We can help!
    Listing Contact
    Brooklin Griffis
    Brooklin Griffis
    Real Estate License ID: S69784000
    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
    Lucinda Street, Perry, IA 50220
    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!