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

    1404 E 20th St, Atlantic, IA 50022

    View on Map
    Claim this Listing
    For Sale
    $38,000

    Vacant Land - Atlantic, IA

    Lot size:
    0.39 Acres
    Added:
    Oct 9, 2025
    Days on Market:
    231
    Last Refresh:
    May 27 at 1:06 am

    Property Features for 1404 E 20th St

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    100
    Parking features
    Garage
    Standard status
    Active
    Lot size
    0.39 Acres

    Taxes and HOA fees

    Tax Annual Amount
    244

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Kathryn Kilworth

    Listing agent Kathryn Kilworth

    Listing office Wayne Hansen Real Estate Llc 4216 MAIN PO BOX 59, Elk Horn, IA

    Listing date Oct 9, 2025

    MLS# 11588665 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

    • City water, sewer, and electric are already in place.
    • Lots are suitable for walk‑out basements.
    • No HOA fees.
    • Located on a private, quiet cul‑de‑sac.
    • Great location close to a park and walking path.
    • Minutes from everything Atlantic has to offer.

    Overview

    Located in the Redwood Subdivision on a quiet cul-de-sac, these lots are suitable for building a new home. There are five lots available, each approximately 0.39 acres. City water, sewer, and electric utilities are in place. The lots are designed to accommodate a walk-out basement. The location is near a park and walking path, and minutes from all that Atlantic, Iowa has to offer. There are no HOA fees. The property is located north on Redwood Street from East 22nd Street, or south on Redwood Street from East 14th Street.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlantic
    County
    Cass
    State
    Iowa
    Longitude
    -95.0038276
    Latitude
    41.3910516

    Nearby Similar for Sale

    • $535,000
      2,692 SF

      Historic Farmhouse on Expansive Acreage

      Pristine 1867 farmhouse on nearly 6 acres in Iowa.
      68948 Troublesome Creek Rd, Atlantic, IA 50022
      View Details
    • $146,500

      Versatile Commercial Property in Atlantic

      High-visibility commercial property suitable for retail, office, or restaurant use.
      604 W 7th Street, Atlantic, IA 50022
      View Details
    • $550,000
      2,140 SF

      I-80 Accessible Flex Space

      Flex space with prime visibility and I-80 access.
      50304 Olive Street, Atlantic, IA, 50022
      View Details
    • $462,000

      Land with Highway Frontage

      Land available near Atlantic, Iowa, with highway access.
      58424 630th Street, Atlantic, IA 50022
      View Details
    • $550,000
      1,200 SF

      I-80 Accessible Fenced Property

      Two buildings on 3.79 acres with I-80 access.
      50304 Olive St, Atlantic, IA 50022
      View Details
    • $38,000

      Residential Lots in Redwood Subdivision

      Five vacant lots available in Atlantic, Iowa's Redwood Subdivision.
      1406 E 20th St, Atlantic, IA 50022
      View Details
    • $35,000

      Residential Land in Redwood Subdivision

      Vacant lots for new home construction, city utilities available.
      1411 E 20th St, Atlantic, IA 50022
      View Details
    • $35,000

      Residential Land in Redwood Subdivision

      Vacant lots in a quiet Atlantic neighborhood, ready for building.
      1409 E 20th St, Atlantic, IA 50022
      View Details
    • $34,000

      Residential Land in Redwood Subdivision

      Vacant lots for new home construction with utilities available.
      1407 E 20th St, Atlantic, IA 50022
      View Details
    • $4,800

      Corner Lot in Atlantic, Iowa

      Corner lot measuring 46.67 x 150 in Atlantic, Iowa.
      906 E 5Th Street, Atlantic, IA 50022
      View Details
    • $149,000
      1,251 SF

      Remodeled Condo with Modern Amenities

      Move-in ready condo featuring a newly remodeled kitchen.
      202 E 22nd Street 2, Atlantic, IA 50022
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Vacant lots for new home construction in Atlantic, Iowa.
    Where is this residential land & home lot located?
    The property is located at 1404 E 20th St Atlantic, IA.
    What is the asking price?
    The asking price for this property is $38,000.
    What are key features of this property?
    This property features: City water, sewer, and electric are already in place.; Lots are suitable for walk‑out basements.; No HOA fees.
    (712) 249-5233
    We can help!
    Listing Contact
    Kathryn Kilworth
    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
    1404 E 20th St, Atlantic, IA 50022
    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!