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    Working Farm with Livestock Facilities Title is generated by Realmo AI

    2790 220Th Street, Fairfield, IA 52556

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    Turnkey rural farm with productive tillable acreage and modern hog and cattle facilities for year-round operations.

    Type:Land
    Property size:
    1,424 SF
    Price / SF:
    $807/SF
    Added:
    May 24, 2026
    Days on Market:
    14
    Last Refresh:
    Jun 6 at 2:18 am

    Property Features for 2790 220Th Street

    General Information

    Standard status
    Active
    Size
    1,424 SF
    Property subtype
    Land

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Kandi Diers

    Listing agent Kandi Diers

    Listing office Rock Creek Real Estate, LLC

    Listing date May 24, 2026

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of Rock Creek Real Estate, LLC

    HighLights

    • Just under 100 acres total, with approximately 82 acres of tillable land for corn‑soybean rotation
    • Livestock facilities include five hoop‑style buildings built within the last decade for hog production
    • Cattle feeding setup plus two expansive cattle lots accommodating around 160 head total
    • Versatile setup for both hog and cattle production with easy road access for transporting grain, feed, and livestock
    • 6‑acre building site includes a 1,424‑sq‑ft farmhouse, machine shed, multiple barns, and grain storage facilities
    • Rural Jefferson County, Iowa, located about 1 mile from Highway 34

    Overview

    This well-maintained working farm is just under 100 acres and blends productive tillable ground with modern livestock infrastructure. Approximately 82 acres are tillable and suited for corn-soybean rotation, supporting a practical, repeatable field plan. The livestock operation is supported by five hoop-style buildings constructed within the last decade, currently set up for hog production. In addition, cattle feeding setups and two expansive cattle lots can accommodate around 160 head total.

    A 6-acre building site helps centralize day-to-day operations, including a 1,424-sq-ft farmhouse, a machine shed, multiple barns, and grain storage facilities. The property offers easy road access to support transporting grain, feed, and livestock. It is located in rural Jefferson County, Iowa, about 1 mile from Highway 34.

    For farmers and operators seeking an established, functional setup, this property offers both crop production and livestock capabilities in one location. The combination of relatively newer hoop buildings, cattle facilities, and on-site storage supports streamlined handling and coordination across fields and animals. The centralized building site and established improvements are designed for efficient rural workflow.
    Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Fairfield
    County
    Jefferson
    State
    Iowa
    Longitude
    -91.83536
    Latitude
    40.986034

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    FAQs

    What type of property is this?
    Farm - Turnkey rural farm with productive tillable acreage and modern hog and cattle facilities for year-round operations.
    Where is this farm located?
    The property is located at 2790 220Th Street Fairfield, IA.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: Just under 100 acres total, with approximately 82 acres of tillable land for corn‑soybean rotation; Livestock facilities include five hoop‑style buildings built within the last decade for hog production; Cattle feeding setup plus two expansive cattle lots accommodating around 160 head total
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kandi Diers
    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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