Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Keystone, Iowa Land Opportunity Title is generated by Realmo AI

    W Franzenburg Addition lot 12, Keystone, IA 52249

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Keystone, IA

    Lot size:
    0.36 Acres
    Added:
    Jun 19, 2018
    Days on Market:
    2899
    Last Refresh:
    May 26 at 7:06 pm

    Property Features for W Franzenburg Addition lot 12

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    09000290
    Lot size
    0.36 Acres

    Taxes and HOA fees

    Tax Description
    As per abstract
    Tax Annual Amount
    55

    We can help!

    Listing Contact
    Melissa Lennie

    Listing agent Melissa Lennie

    Listing office IOWA REALTY 1005 Blairs Ferry Rd, Ste 210, Cedar Rapids, IA

    Listing date Jun 19, 2018

    MLS# 1804366 Listing URL

    Copyright © 2026 Cedar Rapids Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Affordable and spacious lots ideal for building a custom home.
    • Convenient location for commuters to Cedar Rapids or Waterloo due to Hwy 100 and Hwy 30 expansions.
    • City utilities and paved streets readily available.
    • Located in the Benton Community School District, home to Keystone Elementary.
    • Peaceful, small‑town living in a neighborly farming community.
    • Open country views to the west.

    Overview

    This 0.36-acre lot presents an opportunity to build a dream home in Keystone, Iowa. Located in the West Franzenburg Addition, the property offers spacious and affordable building options with open country views to the west and the peace and quiet of small-town living. The lot benefits from paved streets and city utilities. Commute times to Cedar Rapids or Waterloo have been and will continue to be reduced due to the Highway 100 expansion and Highway 30 four-lane. Keystone is a neighborly farming community established in 1881, providing the pleasures of small-town life with convenient access to goods and services. Located in the Benton Community School District, home to Keystone Elementary, residents can expect high-quality education. This lot is approved for a condominium.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Keystone
    County
    Benton
    State
    Iowa
    Longitude
    -92.203839
    Latitude
    41.997915

    Nearby Similar for Sale

    • $275,000
      5,400 SF

      Keystone Commercial Opportunity For Sale

      Commercial building with retail, office, and shop space in Keystone.
      405 5th Avenue, Keystone, IA 52249
      View Details
    • $1,128,000

      Benton County Farmland Opportunity

      80 acres of high-quality farmland with excellent soil rating.
      00 14th Avenue, Other, IA 52249
      View Details
    • $22,000

      Keystone, IA Land Opportunity

      Spacious lot for building your dream home in Keystone!
      W Franzenburg Addition lot: 15, Keystone, IA 52249
      View Details
    • $22,000

      Keystone, IA Land Opportunity

      Spacious lot in Keystone, ideal for building your dream home.
      W Franzenburg Addition lot: 10, Keystone, IA 52249
      View Details
    • $22,000

      Keystone, IA Land Opportunity

      Spacious lot for dream home in Keystone, Iowa.
      W Franzenburg Addition lot: 11, Keystone, IA 52249
      View Details
    • $22,000

      Keystone, Iowa Land Opportunity

      Spacious lot in Keystone, ideal for building your dream home.
      W Franzenburg Addition lot: 16, Keystone, IA 52249
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Spacious lot for building a dream home in Keystone.
    Where is this residential land & home lot located?
    The property is located at W Franzenburg Addition lot 12 Keystone, 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: Affordable and spacious lots ideal for building a custom home.; Convenient location for commuters to Cedar Rapids or Waterloo due to Hwy 100 and Hwy 30 expansions.; City utilities and paved streets readily available.
    (319) 393-4900
    We can help!
    Listing Contact
    Melissa Lennie
    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
    W Franzenburg Addition lot: 12, Keystone, IA 52249
    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!