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

    E Central Ave Jefferson, IA 50129

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $699,000

    Prime development land at a high-traffic intersection in Jefferson, Iowa.

    Property size:
    2 SF
    Lot size:
    2.14 Acres

    Property Features for E Central Ave

    General Information

    Size
    2 SF
    Lot size
    2.14 Acres

    We can help!

    Listing Contact
    Jerry Marckres
    Source: Naiglobal

    Listing Agent: Jerry Marckres

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Jefferson Development Land For Sale

    This is a prime development land for sale located at the southeast hard corner of North Elm Street and West Central Street in Jefferson, Iowa. The surrounding area includes businesses such as Ace Hardware, Dollar Tree, State Farm, and Fareway Meat and Grocery. Situated approximately 0.5 miles south of Highway 30 on Highway 4 (North Elm Street), the property has a lot size of approximately 2.14 acres (93,200 square feet). The zoning is Light Industrial/Residential, but it could be amended for various other uses. Traffic counts average 7,000 vehicles per day, as reported by the Iowa Department of Transportation in 2024. The property is also located 0.5 miles south of Highway 30 and the Wild Rose Casino & Hotel.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Jefferson
    County
    Greene
    State
    Iowa
    Longitude
    -94.3747522
    Latitude
    42.0261422

    Nearby Similar for Sale

    • New
      $280,000
      Pending

      40-Acre Pasture Tract in Iowa

      40± acre pasture tract in Greene County, Iowa, near Jefferson.
      1687 255Th St, Jefferson, IA 50129
      View Details
    • $1,850,000
      Pending

      Greene County Farmland Opportunity

      155 acres of high-quality farmland near Jefferson, Iowa.
      N Ave, Jefferson, IA 50129
      View Details
    • New
      $995,000
      74.00 Acres

      Productive Farmland in Greene County, Iowa

      74 acres of prime farmland near Jefferson, Iowa.
      Orchard Ave, Jefferson, IA 50129
      View Details
    • New
      $995,000
      74.00 Acres

      Productive Farmland in Greene County, IA

      74 acres of prime farmland near Jefferson, Iowa.
      Orchard Ave, Jefferson, IA 50129
      View Details
    • $1,850,000
      Pending

      Productive Farmland North of Jefferson, Iowa

      155 acres of high-quality farmland with excellent drainage.
      N Ave, Jefferson, IA 50129
      View Details
    • $215,000

      Renovated Commercial Building in Jefferson

      Versatile commercial building in downtown Jefferson with showroom and office space.
      217 E Lincoln Way Hwy, Jefferson, IA 50129
      View Details
    • $280,000
      0.07 Acres

      Historic Jefferson Mixed-Use Building

      Charming three-story building with commercial and residential spaces.
      104 N Wilson Ave, Jefferson, IA 50129
      View Details
    • $140,000
      5,764 SF

      Jefferson Iowa Retail Opportunity

      Retail property for sale in Jefferson, Iowa.
      106 North Wilson Ave, Jefferson, IA 50129
      View Details
    • $210,000
      3,764 SF

      Former Funeral Home in Jefferson

      Versatile commercial building suitable for retail, office, or religious use.
      403 N Elm St, Jefferson, IA 50129
      View Details
    • $299,000
      1,889 SF

      Former Drive-Thru Restaurant For Sale

      Former Dairy Queen restaurant with drive-thru, ideal for redevelopment.
      507 N Elm St, Jefferson, IA 50129
      View Details

    FAQs

    What type of property is this?
    Land - Prime development land at a high-traffic intersection in Jefferson, Iowa.
    Where is this land located?
    The property is located at E Central Ave Jefferson, IA.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - Prime development land on the hard corner of N. Elm St. & W. Central St.; - High traffic location: 7,000 VPD; - Located 1/2 mile south of HWY 30 and Wild Rose Casino & Hotel.
    (515) 491-7575
    Request Owner's contact information
    E Central Ave Jefferson, IA 50129
    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.
    E Central Ave
    Jefferson, IA 50129
    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
    E Central Ave Jefferson, IA 50129
    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
    Jerry Marckres
    (515) 491-7575
    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.