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    Blockton, Iowa Farm/Estate For Sale Title is generated by Realmo AI

    0 Yellowstone Ave., Blockton, IA 50836

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    For Sale
    $944,000

    Farm/Estate - Blockton, IA

    Type:Farm
    Lot size:
    160.00 Acres
    Added:
    Nov 1, 2024
    Days on Market:
    582
    Last Refresh:
    Jun 5 at 3:06 pm

    Property Features for 0 Yellowstone Ave.

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Parking features
    Garage
    Standard status
    Active
    Lot size
    160.00 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    2312

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Rhonda Triggs

    Listing agent Rhonda Triggs

    Listing office United Country Southern Iowa Real Estate 2461 State Hwy 2, Mount Ayr, IA

    Listing date Nov 1, 2024

    MLS# 11362018 Listing URL

    Copyright © 2026 My State 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

    • 160‑acre property ideal for hunting and recreation with abundant white‑tailed deer.
    • Option to purchase as two separate 80‑acre parcels.
    • Two ponds on each 80‑acre parcel providing year‑round water source and fishing opportunities.
    • South/West 80 acres: Timber and draws providing wildlife habitat, currently utilized as pasture (CSR2: 48.9).
    • North/East 80 acres: Potential for row crop conversion, currently utilized as pasture (CSR2: 53.5).
    • Existing pasture lease in place for 2025 with tenant willing to continue.

    Overview

    This 160-acre property is located near Blockton, Iowa, along Yellowstone Avenue. The property is situated on a quiet, peaceful gravel road. The property is currently utilized as pasture and is also being offered in two separate 80-acre parcels. The South/West 80 acres consists of timber and draws providing habitat for wildlife and has two ponds. This parcel carries a CSR2 rating of 48.9. The North/East 80 acres is more open and may have potential to convert a portion to row crop if desired with a CSR2 value of 53.5 but is currently utilized as a pasture and has two ponds that provide a year-round water source for livestock as well as wildlife along with fishing opportunities. The pasture is leased for 2025 and the tenant would be willing to continue with the lease. This recreational farm offers options for agriculture, hunting, and outdoor enjoyment.
    Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Blockton
    County
    Taylor
    State
    Iowa
    Longitude
    -94.490453
    Latitude
    40.691529

    Nearby Similar for Sale

    • $472,000

      Blockton, Iowa Farm/Estate

      80-acre property near Blockton, Iowa, ideal for hunting.
      200 Yellowstone Ave., Blockton, IA 50836
      View Details
    • $472,000

      Blockton, Iowa Recreational Farm

      80-acre recreational farm with hunting, fishing, and agricultural potential.
      100 Yellowstone Ave., Blockton, IA 50836
      View Details

    FAQs

    What type of property is this?
    Farm - 160-acre Taylor County property near Blockton, Iowa, a hunter's paradise.
    Where is this farm located?
    The property is located at 0 Yellowstone Ave. Blockton, IA.
    What is the asking price?
    The asking price for this property is $944,000.
    What are key features of this property?
    This property features: 160‑acre property ideal for hunting and recreation with abundant white‑tailed deer.; Option to purchase as two separate 80‑acre parcels.; Two ponds on each 80‑acre parcel providing year‑round water source and fishing opportunities.
    (712) 621-1960
    We can help!
    Listing Contact
    Rhonda Triggs
    Learn More
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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.

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