Property profile

0 Highway F48 Newton, IA 50208

OFF-MARKET
Land
97.67 ac lot
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Property summary

AI-generated overview

This exceptional 97.67-acre parcel presents a unique investment opportunity on the western edge of Newton, Iowa, within Jasper County. Currently zoned for residential use, this transitional farmland is ideally positioned for annexation into the City of Newton, offering significant development potential. A pre-existing city sewer sanitary line runs along the property's western border, simplifying infrastructure connection for future projects. The land boasts a gently rolling topography and mature trees, creating an attractive setting for a high-end residential subdivision. A conceptual plan envisions 66 lots, ranging from 0.92 to 3.54 acres, perfect for larger, private homesites. This property offers flexibility

Property profile

Verified
Property type Land
Lot 97.67 ac (4,254,505 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Highway F48 Newton, IA 50208
Newton metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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