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    Rose Avenue Menlo, IA 50166

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    LAND - Menlo, IA

    Property size:
    1,238 SF
    Lot size:
    80.00 Acres
    Added:
    Mar 23, 2026
    Days on Market:
    45
    Last Refresh:
    May 6 at 10:06 pm

    Property Features for Rose Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Ag
    Standard status
    Pending
    APN
    0000166600
    Size
    1,238 SF
    Lot size
    80.00 Acres

    Taxes and HOA fees

    Tax Description
    Exact legal description to be taken from Abstract.
    Tax Annual Amount
    1460

    We can help!

    Listing Contact
    Kolt Kiburz

    Listing agent Kolt Kiburz License #***

    Listing office Peoples Company 1108 S 44th Street, Suite 102, Clive, IA

    Listing date Mar 23, 2026

    MLS# 736903 Listing URL

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

    HighLights

    • 80 acres m/l of land offered in two tracts via online‑only auction.
    • Tract 1: 75.63 acres m/l with 37.25 FSA cropland acres and a CSR2 soil rating of 42.
    • Tract 1 includes a 1‑acre pond and existing fencing suitable for livestock.
    • Tract 2: 4.37 surveyed acres with a 1.5‑story house (1,238 SF).
    • Tract 2 includes a machine shed (1,350 SF, built in 2004) and a barn (720 SF, built in 1960).
    • Located directly north of Menlo, Iowa, on Rose Avenue (3115 Rose Avenue, Menlo, IA 50164).

    Overview

    80 Acres Near Menlo, Iowa

    An online-only land auction for 80 acres m/l located directly north of Menlo, Iowa, on Rose Avenue. The farm is offered as two separate tracts featuring pasture ground, existing fencelines, and a rural acreage site. Bidding concludes at 1:00 PM CST on Thursday, April 30th, 2026. Tract 1 includes 75.63 acres m/l with 37.25 FSA cropland acres carrying a CSR2 soil rating of 42. It includes a 1-acre pond and multiple fields currently fenced. Tract 2 consists of 4.37 surveyed acres that includes a 1.5-story house with 1,238 SF of living area, a machine shed built in 2004 with 1,350 SF, and a barn built in 1960 with 720 SF. Tract 1 will be offered on a price-per-acre basis, and Tract 2 will be offered on a whole dollar basis.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Menlo
    County
    Guthrie
    State
    Iowa
    Longitude
    -94.407658
    Latitude
    41.559495

    Nearby Similar for Sale

    • $1.00

      Menlo, Iowa Farmland Auction

      80 acres of land offered in online-only auction.
      Rose Avenue, Menlo, IA 50166
      View Details
    • $1.00

      Pasture Ground and Acreage Site

      75.63 acre farm with pasture and fencing near Menlo, Iowa.
      01 310th Street, Menlo, IA 50164
      View Details
    • $1.00

      Pasture Ground North of Menlo, Iowa

      75.63 acres m/l pasture ground north of Menlo, Iowa.
      01 310th Street, Menlo, IA 50164
      View Details

    FAQs

    What type of property is this?
    Farm - 80 acres m/l offered in two tracts via online auction.
    Where is this farm located?
    The property is located at Rose Avenue Menlo, 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: 80 acres m/l of land offered in two tracts via online‑only auction.; Tract 1: **75.63 acres m/l with 37.25 FSA cropland acres** and a CSR2 soil rating of 42.; **Tract 1 includes a 1‑acre pond and existing fencing suitable for livestock.**
    (515) 468-5035
    We can help!
    Listing Contact
    Kolt Kiburz
    Real Estate License ID: ***
    Learn More
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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.

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