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    Silver Trl Floris, IA 52560

    View on Map
    Sponsored
    For Sale
    Pending
    $209,960

    LAND - IA

    Lot size:
    28.96 Acres
    Days on Market:
    44
    Last Refresh:
    Mar 5 at 4:06 pm

    Property Features for Silver Trl

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    Ag
    APN
    15087711
    Lot size
    28.96 Acres

    We can help!

    Listing Contact
    Jake Sickels

    Peoples Company (515) 771-7588

    Listing agent Sickels, Jake (515) 222-1347

    Listing date Jan 21, 2026

    MLS# 732842 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.

    Learn more

    Property Insight Report

    Overview

    Recreational Land with CRP Income

    This 28.96 acre tract is located just east of Floris in Davis County, Iowa. The property can be accessed from the south via a custom, steel gate off of Silver Trail. It features a combination of hardwood timber, creek bottom, CRP acres, and a secluded food plot. 10.18 acres are currently enrolled in the CP38E-2 CRP program with an annual payment of $1,707.95. This program is designed to create high-diversity grasslands with native plants for quail and other wildlife, featuring a mix of grasses and wildflowers for food, cover, and insect forage, promoting open ground for chicks while maintaining canopy protection. Furthermore, .84 acres of this program can be utilized as food plots for wildlife, benefitting the overall health and holding capacity for deer, turkeys, game birds, and other wildlife. The current CRP contract has an expiration date in 2027, creating the opportunity for a new landowner to re-enroll or withhold acres for building a home or alternative structure. The property would be an excellent location for a new home, shop, or hunting cabin. Rural water and electricity are at the road and available for connection, as well as an established entrance on the southwest corner of the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Floris
    County
    Davis
    State
    Iowa
    Longitude
    -92.285263
    Latitude
    40.872288

    Nearby Similar for Sale

    • New
      $1,012,000
      Pending

      Recreational Farm with Income Potential

      176.31-acre recreational farm with cropland and diverse wildlife habitat.
      Tulip Ave, Floris, IA 52560
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 28.96 acres near Floris, Iowa with CRP income.
    Where is this agricultural land / farmland located?
    The property is located at Silver Trl Floris, IA.
    What is the asking price?
    The asking price for this property is $209,960.
    What are key features of this property?
    This property features: - 28.96+/- acres ideal for recreation or building, featuring hardwood timber, creek bottom, CRP acres, and a secluded food plot.; - Generates $1,707.95 annual income from 10.18 acres in the CP38E-2 CRP program, promoting wildlife habitat.; - .84 acres within the CRP program can be used as food plots to benefit wildlife.
    (515) 771-7588
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    Silver Trl Floris, IA 52560
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    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
    Silver Trl Floris, IA 52560
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    We can help!
    Listing Contact
    Jake Sickels
    (515) 771-7588 (515) 222-1347 (515) 681-2103
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