Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Development Lot Title is generated by Realmo AI

    605 W Columbus Street, Mount Ayr, IA 50854

    View on Map
    Claim this Listing
    New
    For Sale
    $52,000

    LAND - Other - Mount Ayr, IA

    Lot size:
    2.08 Acres
    Added:
    Jun 1, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 5 at 10:06 am

    Property Features for 605 W Columbus Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    005884
    Lot size
    2.08 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    1-68-30 LOTS 6 & 7 (EX W 81 1/2' OF N 125 1/2' OF LOT 7 NE SE
    Tax Annual Amount
    426

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Wanda Hosfield

    Listing agent Wanda Hosfield

    Listing office South Central Iowa Realty 200 W South St, Mount Ayr, IA

    Listing date Jun 1, 2026

    MLS# 6338951 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

    • 2‑acre residential lot west side of Mount Ayr
    • Opportunity to build a new ranch or two‑story home (walk‑out basement option mentioned)
    • Neighboring homes include several newer builds in West Columbus
    • Large garage build option mentioned

    Overview

    Offered for sale is a 2.08-acre residential lot positioned for new home construction. The property provides the space needed to plan a ranch or two-story home, with the option for a walk-out basement design. Buyers can also consider room for larger garage plans, depending on the home layout and site planning preferences.

    Located on the west side of Mount Ayr, the lot sits within West Columbus, described as a great neighborhood with several newer builds nearby. The setting supports a straightforward path for owner-occupants and builders looking to capitalize on existing residential development patterns in the area.

    This site is a practical fit for buyers seeking a single residential parcel to build from the ground up. It may also appeal to developers and custom home builders looking for a property with enough area to accommodate flexible home styles and larger accessory structures. If you’re considering faster options, the listing notes contacts for modular homes through local contractors, which may support a quicker build timeline.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Ayr
    County
    Ringgold
    State
    Iowa
    Longitude
    -94.244317
    Latitude
    40.717644

    Nearby Similar for Sale

    • $634,724
      7,200 SF

      Freestanding Retail Building in Iowa

      7,200 SF building occupied by Dollar General.
      200 East South Street, Mount Ayr, IA, 50854
      View Details
    • $20,000

      Vacant Land in Mount Ayr

      Two adjoining vacant lots for sale in Mount Ayr, Iowa.
      604 & 606 N Taylor, Mount Ayr, IA 50854
      View Details
    • $34,000

      Spacious Lot in Mount Ayr

      1.53-acre parcel for custom home with flexible building options.
      Parcel G Unnamed Road, Mount Ayr, IA 50854
      View Details
    • $20,000

      Vacant Land in Mount Ayr, Iowa

      Cleared building lots in a great location, ready for development.
      Lot 4 N West Street, Mount Ayr, IA 50854
      View Details
    • $20,000

      Vacant Land in Mount Ayr, Iowa

      Cleared building lots in a great location, ready for development.
      Lot 3 N. West Street, Mount Ayr, IA 50854
      View Details
    • $20,000

      Vacant Land in Mount Ayr, Iowa

      Cleared building lots in a great location, ready for development.
      Lot 2 N West Street, Mount Ayr, IA 50854
      View Details
    • $555,375
      7,200 SF

      Freestanding Building in Mount Ayr

      7,200 SF building occupied by Dollar General.
      200 E South St, Mount Ayr, IA 50854
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Two-acre residential lot in a growing west-side neighborhood, well suited for new construction with room for a larger garage.
    Where is this residential land & home lot located?
    The property is located at 605 W Columbus Street Mount Ayr, IA.
    What is the asking price?
    The asking price for this property is $52,000.
    What are key features of this property?
    This property features: 2‑acre residential lot west side of Mount Ayr; Opportunity to build a new ranch or two‑story home (walk‑out basement option mentioned); Neighboring homes include several newer builds in West Columbus
    (641) 344-4802
    We can help!
    Listing Contact
    Wanda Hosfield
    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
    605 W Columbus Street, Mount Ayr, IA 50854
    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!