Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Lots in Carroll, Iowa Title is generated by Realmo AI

    Northridge Drive, Carroll, IA 51401

    View on Map
    Claim this Listing
    For Sale
    $59,000

    LAND - Other - Carroll, IA

    Lot size:
    0.27 Acres
    Added:
    Feb 10, 2022
    Days on Market:
    1572
    Last Refresh:
    Jun 1 at 10:06 pm

    Property Features for Northridge Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.27 Acres

    Taxes and HOA fees

    Tax Year
    2021
    Tax Description
    Northridge Fourth Subdivision Phase 3

    Utilities

    Utilities
    Water Available

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Patrick O'Leary
    Patrick O'Leary

    Listing agent Patrick O'Leary License #***

    Listing office Smart Moves Iowa Realty 408 N. Grant Rd., Carroll, IA

    Listing date Feb 10, 2022

    MLS# 6151180 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

    • 18 lots available with a wide array of choices.
    • Prices range from $58,000 to $72,000.
    • Some lots are suitable for walkout lower levels.
    • Water utility available.
    • Located at coordinates [-94.844315,42.06989].

    Overview

    A selection of 18 residential lots are available, with prices ranging from $58,000 to $72,000. The lots vary in characteristics, with some being suitable for walkout lower level designs. The property is located in Carroll, Iowa.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Carroll
    County
    Carroll
    State
    Iowa
    Longitude
    -94.844317
    Latitude
    42.06988809

    Nearby Similar for Sale

    • $850,000

      Carroll, Iowa Commercial Building

      Centrally located commercial building with offices and conference room.
      603 W 8th Street, Carroll, IA 51401
      View Details
    • $1,600,000
      28,000 SF

      Highway 30 Commercial Opportunity

      High-visibility commercial facility on Highway 30 with retail potential.
      1723 Radiant Road, Carroll, IA 51401
      View Details
    • $109,900
      1,610 SF

      Carroll, IA Multi-Family Property

      Two-family property with recent updates in Carroll, Iowa.
      700 E 3Rd Street, Carroll, IA 51401
      View Details
    • $299,000
      6,014 SF

      Visible Retail Space For Sale

      6,014 SF retail space with highway exposure in Carroll.
      515 N Adams Street #224, Carroll, IA 51401
      View Details
    • $1,185,000
      8,125 SF

      Retail Building with Established Tenants

      Retail building with stable income and long-term value appreciation.
      1910 Kittyhawk Rd, Carroll, IA
      View Details
    • $475,000

      Versatile Commercial Shop Space

      4,080 sq ft commercial space with office and shop.
      838 W 6th Street, Carroll, IA 51401
      View Details
    • $225,000

      Acreage Along Sauk Rail Trail

      Wooded acreage near Sauk Rail Trail, perfect for nature lovers.
      Granite Ave, Carroll, IA 51401
      View Details
    • $200,000

      Secluded Wooded Acreage Near Trail

      Rare 16-acre wooded property near Sauk Rail Trail.
      160th Street, Carroll, IA 51401
      View Details
    • $1,150,000
      7,440 SF

      Established Restaurant and Bar For Sale

      Profitable restaurant and bar with outdoor entertainment space.
      1215 Plaza Drive, Carroll, IA 51401
      View Details
    • $850,000

      Carroll Commercial Property For Sale

      Centrally located commercial property with offices, storage, and conference room.
      603 W 8th Street, Carroll, IA 51401
      View Details
    • $364,900
      3,028 SF

      New Construction Condo in Carroll

      Spacious new construction condo with zero-entry and finished basement.
      1399 E 11th St., Carroll, IA 51401
      View Details
    • $69,000

      Residential Lot in Growing Neighborhood

      0.278-acre lot for custom home or investment property.
      1413 -1415 E 10Th Street, Carroll, IA 51401
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Available residential lots suitable for various home styles.
    Where is this residential land & home lot located?
    The property is located at Northridge Drive Carroll, IA.
    What is the asking price?
    The asking price for this property is $59,000.
    What are key features of this property?
    This property features: 18 lots available with a wide array of choices.; Prices range from $58,000 to $72,000.; Some lots are suitable for walkout lower levels.
    (712) 830-4037
    We can help!
    Listing Contact
    Patrick O'Leary
    Patrick O'Leary
    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
    Northridge Drive, Carroll, IA 51401
    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!