Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Keokuk Land with Carriage House Title is generated by Realmo AI

    726 & 728 Morgan Street, Keokuk, IA 52632

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Other - Keokuk, IA

    Lot size:
    0.36 Acres
    Added:
    Apr 24, 2026
    Days on Market:
    33
    Last Refresh:
    May 26 at 3:06 pm

    Property Features for 726 & 728 Morgan Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential-Single Family
    Standard status
    Active
    APN
    044521252850100
    Lot size
    0.36 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    726 MORGAN #1196 KKK E 15' OF 6 & W1/ 2 OF 5 BLK 103; 728 MORGAN #1197 KKK W35' OF 6 BLK 103; 718 MORGAN #1194 KKK W37' OF 4 BLK 103
    Tax Annual Amount
    230

    Building Details

    Architectural style
    Other
    Additional Structures
    Workshop

    We can help!

    Listing Contact
    Nate Ames

    Listing agent Nate Ames License #***

    Listing office Vandenberg Real Estate 2015 Main St, Farmington, IA

    Listing date Apr 24, 2026

    MLS# 6337601 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

    • Three total lots, including two adjoining corner lots.
    • Excellent visibility due to corner lot location.
    • Updated carriage house suitable for storage, workshop, or creative use.
    • Utilities readily available for new construction.
    • Excellent building sites.
    • Desirable location.

    Overview

    This property presents an opportunity with three total lots, including two adjoining corner lots that offer visibility and flexibility. The corner parcel includes a carriage house with updated electrical, suitable for storage, a workshop, or creative use. These lots are suitable building sites with utilities available, providing a head start for new construction or investment. This offering is suited for building a primary residence, development, or securing property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Keokuk
    County
    Lee
    State
    Iowa
    Longitude
    -91.381553
    Latitude
    40.400162

    Nearby Similar for Sale

    • $800,000

      Iconic Downtown Investment Opportunity

      Multi-use commercial building with strong income and timeless character.
      629 Blondeau Street, Keokuk, IA 52632
      View Details
    • $295,000
      26,000 SF

      Refurbished Gymnasium in Solid Brick Building

      Adaptable commercial property with refurbished gymnasium and large classrooms.
      914 Timea Street, Keokuk, IA 52632
      View Details
    • $935,000

      Lee County Timber and Trails

      170 acre hunting and recreational land near Keokuk, Iowa.
      Carbide Lane, Keokuk, IA 52632
      View Details
    • $289,000

      Keokuk Land Development Opportunity

      Prime land parcel with high visibility and development potential.
      Main, Keokuk, IA 52632
      View Details
    • $100,000
      2,756 SF

      Keokuk Four-Unit Apartment Complex

      Four 1-bedroom units with income potential in Keokuk, Iowa.
      621 Concert Street, Keokuk, IA 52632
      View Details
    • $75,000
      4,576 SF

      Spacious Keokuk Duplex For Sale

      Well-maintained duplex with ample living space and separate utilities.
      301 Morgan Street, Keokuk, IA 52632
      View Details
    • $199,900

      Secluded Land with Outbuildings

      24-acre Keokuk land with two outbuildings and forest reserve.
      3611 Argyle Road, Keokuk, IA 52632
      View Details
    • $415,000

      74.88 Acres with Pond

      Large versatile tract with natural beauty and long-term value.
      Timberline Drive, Keokuk, IA 52632
      View Details
    • $39,900
      2,420 SF

      Keokuk Duplex: Investment Opportunity

      Side-by-side duplex with income and value-add potential.
      208 S 14Th Street, Keokuk, IA 52632
      View Details
    • $26,900
      1,746 SF

      Keokuk Duplex with Potential

      Duplex in Keokuk, Iowa, offering instant equity potential.
      613 N 10Th Street, Keokuk, IA 52632
      View Details
    • $855,000
      16,000 SF

      Keokuk Multifamily Investment Opportunity

      Two-building, 16-unit complex in Keokuk, Iowa, with 100% occupancy.
      1 Richards Drive, Keokuk, IA, 52632
      View Details
    • $69,500

      Keokuk Land Development Opportunity

      Centrally located land suitable for various residential development projects.
      209 Washington Street, Keokuk, IA 52632
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Three lots with carriage house, ideal for building or investment.
    Where is this residential land & home lot located?
    The property is located at 726 & 728 Morgan Street Keokuk, IA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Three total lots, including two adjoining corner lots.; Excellent visibility due to corner lot location.; Updated carriage house suitable for storage, workshop, or creative use.
    (319) 795-8644
    We can help!
    Listing Contact
    Nate Ames
    Real Estate License ID: ***
    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
    726 & 728 Morgan Street, Keokuk, IA 52632
    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!