0 Highway F48 Newton, IA 50208
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
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.