Your AI Navigator in Commercial Real Estate
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

    Union Ave Lehigh, IA 50557

    Sponsored
    For Sale
    Contact for pricing

    Other - Lehigh, IA

    Type:Farm
    Lot size:
    2.00 Acres
    Days on Market:
    1
    Last Refresh:
    Jan 19 at 11:06 pm

    Property Features for Union Ave

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    APN
    1605200010
    Lot size
    2.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    David Whitaker

    Whitaker Marketing Group (515) 460-8585

    Listing agent David Whitaker (515) 460-8585

    Listing date Jan 19, 2026

    MLS# 6334942 Listing URL

    Copyright © 2026 RLI Farm & Ranch Multiple Listing Service. 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

    Agricultural Land with Building Potential

    Located 2.4 miles northeast of Lehigh, Iowa, this agricultural property offers building potential. The land is situated on Union Avenue, accessible by taking 290th Street from Lehigh for 1.8 miles, then turning left onto Union Avenue and continuing for 0.8 miles; the property will be on the left (West). The property, identified as Parcel ID 1605200010 within Section 5-87N-27W, consists of 49.13 total acres, with 1.09 tillable acres. The CSR2 rating is 86. The estimated taxes for Tract 1 are $166.00. Zoned A-1 Ag, the land falls within the Southeast Webster-Grand Community School District. Ag buildings on the property include an 18 x 16 grain bin built in 1960, a 36 x 18 grain bin built in 1974, and two additional 18 x 16 grain bins built in 1974. The farmland is open for the 2026 crop season. The auction is scheduled for Tuesday, March 3rd, 2026, at Camp WaNoKi in Fort Dodge, Iowa.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Lehigh
    County
    Webster
    State
    Iowa
    Longitude
    -94.009802
    Latitude
    42.376403

    Nearby Similar for Sale

    • New
      Contact for pricing
      47.13 Acres

      Farmland Available Near Lehigh, Iowa

      47.13 acre farmland tract with 39.26 tillable acres.
      Union Ave, Lehigh, IA 50557
      View Details
    • New
      Contact for pricing
      2.00 Acres

      Agricultural Land with Building Potential

      Land near Lehigh, Iowa, with building potential and open tenancy.
      Un Ave Ave, Lehigh, IA 50557
      View Details

    FAQs

    What type of property is this?
    Farm - Land with great CSR, building potential, and open farm tenancy.
    Where is this farm located?
    The property is located at Union Ave Lehigh, IA.
    What is the asking price?
    The asking price for this property is $1.00.
    What are key features of this property?
    This property features: - Highly productive farmland with a high CSR2 rating of 86 on Tract 1.; - Open farmland tenancy for the 2026 crop season.; - Located on pavement for easy access.
    (515) 460-8585
    Request Owner's contact information
    Union Ave Lehigh, IA 50557
    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.
    Union Ave
    Lehigh, IA 50557
    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
    Union Ave Lehigh, IA 50557
    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
    David Whitaker
    (515) 460-8585
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.