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

    1308 W 13th Place, Indianola, IA 50125

    View on Map
    Claim this Listing
    For Sale
    $109,900

    LAND - Indianola, IA

    Lot size:
    0.87 Acres
    Added:
    Mar 7, 2022
    Days on Market:
    1524
    Last Refresh:
    May 9 at 6:06 am

    Property Features for 1308 W 13th Place

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R
    Standard status
    Active
    APN
    48192030050 & 48192034000
    Lot size
    0.87 Acres

    Taxes and HOA fees

    Tax Description
    INDIANOLA DEER CREEK PLAT 3 LOT 5 & OL C

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Ludwig, Kalen N
    Ludwig, Kalen N

    Listing agent Ludwig, Kalen N License #S55791000

    Listing office Peoples Company 1108 S 44th Street, Suite 102, Cumming, IA

    Listing date Mar 7, 2022

    MLS# 647066 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

    • New 5‑year residential tax abatement (100% in Year 1, decreasing 20% annually).
    • Cul‑de‑sac lot ideal for building.
    • Opportunity for a custom build with Ground Breaker Homes.
    • Located in Indianola.
    • Close proximity to Deer Run Golf Course.
    • Public water and sewer connections available.

    Overview

    These cul-de-sac lots are available for building in Indianola, Iowa. The development is located close to Deer Run Golf Course. Lots are sold as a component of a custom build with Ground Breaker Homes, with homes starting around $450,000. The available land has a lot size of 0.87 acres. The zoning is R. A new 5-year residential tax abatement is available, starting at 100% for Year 1 and decreasing 20% each year after that through Year 5.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Hair Salon Auto Repair Shop Nail Salon Auto Parts Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianola
    County
    Warren
    State
    Iowa
    Longitude
    -93.579361
    Latitude
    41.347575

    Nearby Similar for Sale

    • $200,000

      Indianola Commercial Building on Acreage

      9,185 SF commercial building on 2.15 acres near Indianola.
      12220 168th Avenue, Indianola, IA 50125
      View Details
    • $370,000

      Historic Schoolhouse on Acreage

      Unique historic schoolhouse on 7 acres near Indianola, Iowa.
      8227 Geneva Street, Indianola, IA 50125
      View Details
    • $375,000

      Indianola Acreage: Build Your Dream

      19.47 acres near Des Moines, perfect for building.
      7209 143rd Avenue, Indianola, IA 50125
      View Details
    • $200,000

      Commercial Building on Large Lot

      9,185 sq ft commercial building on 2.15 acres.
      12220 168th Avenue, Indianola, IA 50125
      View Details
    • $1,500,000

      Indianola Warehouse with Flexible Layout

      11,900 sq ft warehouse on 1.13 acres.
      1400 E Iowa Avenue, Indianola, IA 50125
      View Details
    • $275,000

      10-Acre Building Site Near Indianola

      Premier 10-acre building site near Indianola, Iowa.
      11620 Elk Horn Street, Indianola, IA 50125
      View Details
    • $630,000

      Turnkey Recreational Hunting Farm

      140-acre recreational farm in Warren County, ready to hunt.
      12510 G24 Hwy, Indianola, IA 50125
      View Details
    • $125,000

      Acreage Homesite Near Indianola

      2.87-acre building site near Indianola with convenient access.
      128th Avenue, Indianola, IA 50125
      View Details
    • $1.00

      Indianola Commercial & Rural Land

      Commercial and rural development opportunity on Nevada Street, Indianola, Iowa.
      Nevada Street & 118th Avenue, Indianola, IA 50125
      View Details
    • $2,450,000

      Indianola Farm for Future Development

      118-acre farm inside city limits, ideal for residential development.
      S Y Street, Indianola, IA 50125
      View Details
    • $117,000

      Scenic Building Site Near Indianola

      2.2-acre building site with rural views near Indianola, Iowa.
      Kennedy Street, Indianola, IA 50125
      View Details
    • $239,000

      Indianola Acreage Homesite Opportunity

      10.22 acres in a sought-after Warren County location.
      01 Hayes Street, Indianola, IA 50125
      View Details

    FAQs

    What type of property is this?
    Land - Cul-de-sac lots for custom build near Deer Run Golf Course.
    Where is this land located?
    The property is located at 1308 W 13th Place Indianola, IA.
    What is the asking price?
    The asking price for this property is $109,900.
    What are key features of this property?
    This property features: New 5‑year residential tax abatement (100% in Year 1, decreasing 20% annually).; Cul‑de‑sac lot ideal for building.; Opportunity for a custom build with Ground Breaker Homes.
    (515) 402-3169
    We can help!
    Listing Contact
    Ludwig, Kalen N
    Ludwig, Kalen N
    Real Estate License ID: S55791000
    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
    1308 W 13th Place, Indianola, IA 50125
    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!