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    Commercial Development Land Parcel Title is generated by Realmo AI

    Northwestern Avenue, Chariton, IA 50049

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    Claim this Listing
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    For Sale
    $200,000

    COMMERCIAL - Other - Chariton, IA

    Lot size:
    2.00 Acres
    Added:
    Jun 1, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 3 at 4:06 pm

    Property Features for Northwestern Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    0729451001
    Lot size
    2.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    2+/- Acres in NW 1/4 SE 1/4 & SW 1/4 SE 1/4, Sec 29, T72N, R21W, Lucas County, Iowa. Exact legal to come from abstract. Subject to survey.
    Tax Annual Amount
    628

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Nathan Ammons

    Listing agent Nathan Ammons

    Listing office Hawkeye Farm Mgmt & Real Estat 1010 S Clinton, Albia, IA

    Listing date Jun 1, 2026

    MLS# 6338977 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 commercial development parcel along Highway 34 on the south edge of Chariton, IA (subject to survey)
    • Convenient access via the adjacent frontage road; no direct access from Highway 34 is indicated
    • Utilities available nearby to help support development and reduce infrastructure costs
    • Ideal for a range of commercial uses including office, retail, professional services, contractor shops, equipment/vehicle sales, light manufacturing, and storage
    • Ample space for a substantial building footprint, customer parking, outdoor display/inventory storage, future expansion, or multiple structures
    • Highly visible frontage along a busy travel corridor for businesses that benefit from showcasing equipment, vehicles, trailers, machinery, or products

    Overview

    This for-sale commercial land parcel totals 2+/- acres, subject to survey, and is positioned for new development with room for a substantial footprint. The property is described as a high-exposure site suitable for building, signage, and outdoor commercial uses, with the seller indicating utilities are available nearby to support development.

    The parcel is located along Highway 34 on the south edge of Chariton, Iowa, offering visibility to highway traffic. While the property does not provide direct access from Highway 34, access is provided through the adjacent frontage road, supporting practical entry and exit without relying on direct highway connections.

    The land is presented as a versatile site for a range of commercial applications, including office, retail, professional services, contractor shops, equipment or vehicle sales, light manufacturing, and storage facilities. It may also support outdoor display or inventory storage and potential future expansion or multiple structures, depending on what is approved. Prospective buyers are responsible for independently verifying zoning, permitted uses, utility availability, and all development requirements before proceeding.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Chariton
    County
    Lucas
    State
    Iowa
    Longitude
    -93.29593294
    Latitude
    41.00348104

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    FAQs

    What type of property is this?
    Commercial land - 2+/- acre commercial parcel on Highway 34 with access via an adjacent frontage road for flexible business development.
    Where is this commercial land located?
    The property is located at Northwestern Avenue Chariton, IA.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: 2+/- acre commercial development parcel along Highway 34 on the south edge of Chariton, IA (subject to survey); Convenient access via the adjacent frontage road; no direct access from Highway 34 is indicated; Utilities available nearby to help support development and reduce infrastructure costs
    (641) 777-2861
    We can help!
    Listing Contact
    Nathan Ammons
    Request Owner's contact information
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    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
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