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    Diverse Land Parcel in Parkersburg Title is generated by Realmo AI

    32239 Orchid Lane, Parkersburg, IA 50665

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    Pending
    $3,568,917

    LAND - Other - Parkersburg, IA

    Lot size:
    492.18 Acres
    Added:
    Mar 17, 2026
    Days on Market:
    63
    Last Refresh:
    May 18 at 7:06 am

    Property Features for 32239 Orchid Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    1520400040
    Lot size
    492.18 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    SE1/4 Sec 20-T90N-R16W & SW1/4 & SW1/4 SE1/4 Sec 21-T90N-R16W & NE1/4 N of RR ROW except Parcel Q & except that part of tax parcel 1529200041 lying N of RR ROW Sec 29-T90N-R16W & NW1/4 N of RR ROW ex
    Tax Annual Amount
    11022

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Brent Larson

    Listing agent Brent Larson License #***

    Listing office Sunderman Farm Mgt. Co. 1309 First Ave S. Ste 5, Fort Dodge, IA

    Listing date Mar 17, 2026

    MLS# 6336847 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

    • Large acreage: 492.18+\/- acres offering diverse land uses.
    • Significant CRP income: 191.31 acres in established CRP contracts expiring in 2026 and 2029.
    • Productive row crop land: Currently in corn and soybean rotation with a CSR2 of 63.9.
    • Valuable timber resource: 127.68‑acre timber field including portions of Beaver Creek.
    • Excellent wildlife habitat: Proximity to CRP, timber, and water source.
    • Prime Location: Located on the NE side of Parkersburg.

    Overview

    Located on the northeast side of Parkersburg, Iowa, this farm encompasses approximately 492.18 acres, featuring a diverse combination of land uses. The property includes land suitable for crop production, CRP (Conservation Reserve Program) areas, and timber. The row crop field, currently in a corn and soybean rotation, has a CSR2 (Corn Suitability Rating 2) of 63.9. A well-established CRP field spans 191.31 acres under two contracts; the smaller contract expires on September 30, 2026, and the larger one on September 30, 2029. This CRP field has a CSR2 value of 70.8. The timber field, covering approximately 127.68 acres, is situated on the north side of the property and includes portions of Beaver Creek. The proximity to CRP land, timber, and a water source creates an excellent wildlife habitat. The farm is leased for 2026. The property is offered "As-Is, Where-Is" without warranties or guarantees, expressed or implied, made by the seller or their agent. The sale is subject to all easements, covenants, and restrictions of record. Real estate taxes and CRP payments are prorated to the date of closing, with landlord's possession at closing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Midwest Custom Ag ... Agricultural Service

    Suggested Use

    Restaurant Auto Repair Shop Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Parkersburg
    County
    Butler
    State
    Iowa
    Longitude
    -92.757572
    Latitude
    42.581616

    FAQs

    What type of property is this?
    Farm - 492.18 acre farm with crop, CRP, and timber land.
    Where is this farm located?
    The property is located at 32239 Orchid Lane Parkersburg, IA.
    What is the asking price?
    The asking price for this property is $3,568,917.
    What are key features of this property?
    This property features: Large acreage: 492.18+\/- acres offering diverse land uses.; Significant CRP income: 191.31 acres in established CRP contracts expiring in 2026 and 2029.; Productive row crop land: Currently in corn and soybean rotation with a CSR2 of 63.9.
    (515) 576-3671
    We can help!
    Listing Contact
    Brent Larson
    Real Estate License ID: ***
    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.

    More about this property
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