Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Land with Scenic Views Title is generated by Realmo AI

    NKA, Centerville, IA 52544

    View on Map
    Claim this Listing
    For Sale
    $65,000

    LAND - Other - Centerville, IA

    Lot size:
    2.30 Acres
    Added:
    Jan 14, 2026
    Days on Market:
    120
    Last Refresh:
    May 14 at 9:06 am

    Property Features for NKA

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential-Single Family
    Standard status
    Active
    APN
    311262000930010
    Lot size
    2.30 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOT 10 WALNUT CREEK SUB. legal to come from abstract
    Tax Annual Amount
    22

    Utilities

    Utilities
    Water Available

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Charles Kenyon Jr.

    Listing agent Charles Kenyon Jr. License #***

    Listing office Hometown Realty 315 E Maple, Centerville, IA

    Listing date Jan 14, 2026

    MLS# 6334830 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

    • Breathtaking long‑range views of the Little Walnut Creek Valley.
    • Lush timber provides seclusion and connection with nature.
    • Water utility available.
    • Easy access to shopping and dining in Centerville, Iowa.
    • Ideal for building a home or cabin retreat.
    • Located at the end of a picturesque subdivision road.

    Overview

    This 2.3-acre lot in the Walnut Creek Subdivision at Rathbun Lake offers an opportunity to build a home or cabin retreat. Located at the end of a subdivision road, the parcel features a diverse landscape with lush timber to the east, providing seclusion and a connection with nature. To the southwest, the land opens up to offer long-range views of the Little Walnut Creek Valley. The property provides a balance of forested privacy and expansive vistas, suitable for a peaceful home or a getaway spot. The location allows for activities such as hiking and bird watching. The Walnut Creek Subdivision provides easy access to Centerville, Iowa, with its shopping and dining options.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Centerville
    County
    Appanoose
    State
    Iowa
    Longitude
    -92.9234
    Latitude
    40.71

    Nearby Similar for Sale

    • $215,000
      2,532 SF

      Income-Producing Four-Unit Multifamily Property

      Remodeled four-unit property in Centerville, Iowa, generating monthly rental income.
      427 E State Street, Centerville, IA 52544
      View Details
    • $17,000

      Residential Land in Centerville, Iowa

      Four lots for sale in Centerville, with city utilities.
      536 N 3rd Street, Centerville, IA 52544
      View Details
    • $55,000

      Centerville Land For Sale

      Two lots on high-traffic highway, great visibility, commercial potential.
      807 E Maple Street, Centerville, IA 52544
      View Details
    • $40,000
      1,611 SF

      Centerville Iowa Duplex Investment

      Duplex in Centerville, Iowa with cash flow potential.
      116 N Haynes Avenue, Centerville, IA 52544
      View Details
    • $69,900
      1,904 SF

      Centerville Duplex: Investment Opportunity

      Well-maintained duplex in Centerville, Iowa with income potential.
      301 E Walsh Street, Centerville, IA 52544
      View Details
    • $140,000

      Rathbun Lake 10-Acre Parcel

      10-acre parcel near Rathbun Lake, ideal for building a home.
      Hwy J29, Centerville, IA 52544
      View Details
    • $360,000
      8,560 SF

      Versatile Commercial Property on Highway

      Income-producing commercial property with multiple business possibilities on 1.7 acres.
      20120 Highway 2, Centerville, IA 52544
      View Details
    • $65,000

      Land Near Rathbun Lake Dam

      3.4 acre lot near Rathbun Lake, build your dream home.
      461st St, Centerville, IA 52544
      View Details
    • $25,000

      Residential Land in Centerville, Iowa

      0.689 acre residential land for sale in Centerville, Iowa.
      811 E Van Buren Street, Centerville, IA 52544
      View Details
    • $11,000

      Centerville Land Lot Available

      Land lot available for development in Centerville, Iowa.
      611 N Main Street, Centerville, IA 52544
      View Details
    • $65,000

      Land with Valley Views

      Three acre lot near Rathbun Lake with valley views.
      Hwy J29, Centerville, IA 52544
      View Details
    • $40,000
      1,928 SF

      Centerville Iowa Duplex For Sale

      Duplex in Centerville, Iowa, with cash flow potential.
      404 N 10TH Street, Centerville, IA 52544
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.3-acre residential lot with timber and valley views near Centerville.
    Where is this residential land & home lot located?
    The property is located at NKA Centerville, IA.
    What is the asking price?
    The asking price for this property is $65,000.
    What are key features of this property?
    This property features: Breathtaking long‑range views of the Little Walnut Creek Valley.; Lush timber provides seclusion and connection with nature.; Water utility available.
    (641) 895-3979
    We can help!
    Listing Contact
    Charles Kenyon Jr.
    Real Estate License ID: ***
    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

    Thank You for Inquiry
    NKA, Centerville, IA 52544
    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!