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    66 Acres of Diverse Iowa Land Title is generated by Realmo AI

    2764 140th Street NE, Swisher, IA 52338

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    For Sale
    $983,400

    LAND - Other - Swisher, IA

    Lot size:
    66.00 Acres
    Added:
    May 22, 2026
    Days on Market:
    13
    Last Refresh:
    Jun 3 at 11:06 pm

    Property Features for 2764 140th Street NE

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    0309426001
    Lot size
    66.00 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Str 9 81 7 Com 650' W Of Ne Cor Nw Se; W 320' To E/Li 380; Sely To Sly/L Nw Se, Str 9 81 7 Ne Se Exc Gantz 1 St &2 Nd Additions & Exc0.19 A & Exc 1.33 A, Wilfords Sixth Addition Outlot A
    Tax Annual Amount
    604

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Benjamin Harshyne

    Listing agent Benjamin Harshyne License #***

    Listing office Whitetail Properties Real Estate, LLC 121 S Madison St; Box 251, Pittsfield, IA

    Listing date May 22, 2026

    MLS# 6338766 Listing URL

    Copyright © 2026 NoCoast 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

    • 66 acres in a desirable Eastern Iowa location, offering a rare opportunity for rural living.
    • Conveniently located between Cedar Rapids and Iowa City, providing easy access to amenities.
    • Diverse landscape with 11 acres of open ground and timber, suitable for recreation and hobby farming.
    • McAllister Creek provides a year‑round water source and enhances wildlife habitat.
    • Abundant wildlife, including whitetail deer and turkeys, offering hunting and recreational opportunities.
    • Versatile property suitable for various activities like hiking, camping, gardening, and small‑scale farming.

    Overview

    This 66-acre property is located between Cedar Rapids and Iowa City, just south of Shueyville in Northern Johnson County. The land features approximately 11 acres of open ground with the remainder covered in timber, creating a diverse landscape suitable for recreation, hobby farming, and rural living. McAllister Creek flows through the property, providing a year-round water source that enhances the land's character and wildlife habitat. The property supports a thriving population of whitetail deer, turkeys, and other wildlife, offering recreational enjoyment and hunting opportunities within applicable regulations. The land is suitable for activities such as hiking, camping, gardening, foraging, and small-scale farming. Its location provides the benefits of a rural setting while remaining conveniently positioned near the amenities, employment, restaurants, shopping and healthcare services of both Cedar Rapids and Iowa City.
    Property Profile Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Real Estate Agency Law Firm Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Food Market Storage Facility HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Swisher
    County
    Johnson
    State
    Iowa
    Longitude
    -91.659963
    Latitude
    41.836986

    Nearby Similar for Sale

    • $495,000
      1,702 SF

      Swisher Commercial Office/Retail Building

      Office/retail building centrally located between Cedar Rapids and Iowa City.
      2601 120th St. NW, Swisher, IA 52338
      View Details
    • $1,986,625

      Swisher Land Development Opportunity

      34 acre commercial land in growing corridor between Iowa cities.
      Hwy 965 NW & 140th St, Swisher, IA
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Rural landscape between Cedar Rapids and Iowa City.
    Where is this agricultural land / farmland located?
    The property is located at 2764 140th Street NE Swisher, IA.
    What is the asking price?
    The asking price for this property is $983,400.
    What are key features of this property?
    This property features: 66 acres in a desirable Eastern Iowa location, offering a rare opportunity for rural living.; Conveniently located between Cedar Rapids and Iowa City, providing easy access to amenities.; Diverse landscape with **11 acres of open ground and timber**, suitable for recreation and hobby farming.
    (319) 853-1162
    We can help!
    Listing Contact
    Benjamin Harshyne
    Real Estate License ID: ***
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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.

    More about this property
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