Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    30 Terre Haute Rd Lamoni, IA 50140

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    30 Terre Haute Rd Lamoni, IA 50140

    View on Map
    • Land
    • 241.40 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 30 Terre Haute Rd

    Lot size
    241.40 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 241.4-acre property in Decatur County, Iowa, presents a unique blend of recreational and investment opportunities. Ideally situated near Interstate 35 for easy access, this diverse farm boasts a mix of timber, Conservation Reserve Program (CRP) land, and row crop acreage. The meticulously managed land is renowned for its abundant wildlife, making it a prime hunting location for Iowa's prized whitetail deer. A significant portion, 148.46 acres, is enrolled in the CRP program, generating a substantial annual income of $129 per acre. This consistent revenue stream adds significant value to the property's investment potential. The property is offered for sale as a whole, but the owners are also open to dividing it into two separate tracts. Tract 1 encompasses approximately 118 acres, with 67.92 acres in CRP. Tract 2 includes roughly 123.40 acres, with 80.54 acres in CRP. This versatile property offers a compelling combination of recreational enjoyment and sound financial returns, making it an attractive proposition for both hunters and investors seeking a piece of Southern Iowa's rich landscape. The property is located at R 30, Terre Haute Road, Lamoni, IA 50140. The asking price for the entire 241.4-acre property is $1,569,100.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lamoni
    County
    Decatur
    State
    Iowa
    Longitude
    -93.909
    Latitude
    40.6666

    Comparable in this City

    • Value Estimation by Request
      118.00 Acres

      30 Terre Haute Rd

      Farms • 118.00 Acres
      30 Terre Haute Rd, Lamoni, IA 50140
      View Details
    • Value Estimation by Request
      241.40 Acres

      Terre Haute Rd

      Farms • 241.40 Acres
      0 Terre Haute Rd, Lamoni, IA 50140
      View Details
    • Value Estimation by Request
      40.00 Acres

      16580 280Th St

      Farms • 40.00 Acres
      16580 280Th St, Lamoni, IA 50140
      View Details
    • Value Estimation by Request
      36.56 Acres

      16019 280Th St

      Farms • 3,400 SF
      16019 280Th St, Lamoni, IA 50140
      View Details
    • Value Estimation by Request
      123.40 Acres

      R30 Terre Haute Rd

      Agricultural land / Farmland • 123.40 Acres
      R30 Terre Haute Rd, Lamoni, IA 50140
      View Details
    • Value Estimation by Request
      80.00 Acres

      J55 County Hwy P64 & County Hwy

      Land • 80.00 Acres
      J55 County Hwy P64 & County Hwy, Lamoni, IA 50140
      View Details

    Similar Nearby for Sale

    • $960,000
      86.00 Acres

      Hunting Paradise with Cabin and Land

      86-acre Iowa getaway with cabin, hunting land, and tillable acres.
      12933 315Th St, Lamoni, IA 50140
      View Details
    • $99,680
      14.24 Acres

      Lamoni Vacant Land with Pond

      14+ acre countryside property with rolling grass and mature trees.
      13000 Elk Ridge Rd, Lamoni, IA 50140
      View Details
    • $71,680
      10.24 Acres

      10+ Acre Countryside Property

      Land with rolling grass, mature trees, and scenic views.
      12907 Elk Crk Rd, Lamoni, IA 50140
      View Details
    • $199,900
      1,650 SF

      Lamoni Homestead with Horse Facilities

      5.1 acre Lamoni homestead with horse facilities and farmhouse.
      12079 County Highway J45, Lamoni, IA 50140
      View Details
    • $500,000
      2.61 Acres

      Commercial Land Near Interstate

      2.61 acres of commercial land with accessible utilities.
      00 Ia, Lamoni, IA 50140
      View Details
    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.
    30 Terre Haute Rd
    Lamoni, IA 50140
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!