Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    476 NE Monarch Drive Polk City, IA 50226

    View on Map
    Claim this Listing
    For Sale
    $169,900

    LAND - Polk City, IA

    Lot size:
    0.66 Acres
    Added:
    Jul 3, 2025
    Days on Market:
    302
    Last Refresh:
    Apr 30 at 1:06 pm

    Property Features for 476 NE Monarch Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Res
    Standard status
    Active
    APN
    26152406101004
    Lot size
    0.66 Acres

    Taxes and HOA fees

    Tax Description
    LOT 20 MONARCH CROSSING PLAT 1

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Shane Torres
    Shane Torres

    Listing agent Shane Torres License #B59979000

    Listing office RE/MAX Concepts 905 W Bridge Rd, IA

    Listing date Jul 3, 2025

    MLS# 721562 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.

    Overview

    Residential Lots in Polk City

    Located in Polk City, Iowa, Monarch Crossing offers residential lots in a small-town setting. These spacious sites provide the opportunity to build a dream home with convenient access to parks, trails, and Saylorville or Big Creek Lakes. The community is near the future sports complex at Big Creek. Residents have the freedom to choose their own builder and design within this planned community, which allows for large outbuildings. The available lots are approximately 0.663 acres in size and zoned for residential use.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Polk City
    County
    Polk
    State
    Iowa
    Longitude
    -93.7113
    Latitude
    41.8061

    Nearby Similar for Sale

    • $2,491,000

      Polk City Land For Sale

      5.86 acre commercial land in Polk City, Iowa.
      9421 Polk City Drive, Polk City, IA 50226
      View Details
    • $280,000

      Polk City Acreage Opportunity

      3+ acre parcel in Polk City, build your dream home.
      905 W Broadway Street, Polk City, IA 50226
      View Details
    • $350,000

      Polk City Land Opportunity

      1.5 acre wooded lot ready for custom home.
      1360 NW Hugg Drive, Polk City, IA 50226
      View Details
    • $2,608,845
      3 SF

      Corner Lot in Polk City

      Corner lot ideal for small office or retail development.
      102 East Bridge Road, Polk City, IA, 50226
      View Details
    • $409,900

      Polk City Land Near Lake

      2.5+ acre walkout lot near Saylorville Lake.
      1465 E Red Cedar Drive, Polk City, IA 50226
      View Details
    • $134,900

      Residential Land in Forest Ridge

      Residential land for building a custom home in Polk City.
      9783 NW 40th Street, Polk City, IA 50226
      View Details
    • $175,900

      Residential Lots in Polk City

      Premium residential lots in a desirable Polk City location.
      435 NE Monarch Drive, Polk City, IA 50226
      View Details
    • $179,900

      Residential Lots in Polk City

      Premium residential lots in a beautiful small-town setting.
      500 NE Monarch Drive, Polk City, IA 50226
      View Details
    • $214,900

      Residential Lots in Polk City

      Premium residential lots in a beautiful small-town setting.
      459 NE Monarch Drive, Polk City, IA 50226
      View Details
    • $174,900

      Residential Lots in Polk City

      Premium residential lots in a desirable Polk City location.
      483 NE Monarch Drive, Polk City, IA 50226
      View Details
    • $169,900

      Residential Lots in Polk City

      Premium residential lots in a desirable Polk City location.
      411 NE Monarch Drive, Polk City, IA 50226
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Premium residential lots in a desirable Polk City location.
    Where is this residential land & home lot located?
    The property is located at 476 NE Monarch Drive Polk City, IA.
    What is the asking price?
    The asking price for this property is $169,900.
    What are key features of this property?
    This property features: Premium residential lots in a desirable Polk County location.; Freedom to choose your own builder and design, making your dream home a reality.; Allows large outbuildings for storage.
    (515) 984-0222
    We can help!
    Listing Contact
    Shane Torres
    Shane Torres
    Real Estate License ID: B59979000
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!