0 Summit Rd Humeston, IA 50123
Exceptional opportunity to acquire 151 acres of prime farmland in Humeston, Iowa, situated in Wayne County. This property boasts 135 acres of highly productive tillable land, meticulously maintained and enhanced with strategically placed tiles and terraces to optimize yields. The land is ideal for row crop cultivation, ensuring consistent and abundant harvests year after year. Adding to its value is a substantial 30 x 40 pole shed, providing ample storage and operational space. For investors seeking a smooth transition, a negotiable 5-year lease agreement with cash rent terms is available from the current owner, guaranteeing immediate income and minimizing risk. This represents a rare chance to own a piece of Iowa's agricultural heritage, offering both immediate returns and long-term growth potential. The property's location in Wayne County, Iowa, provides easy access to local amenities and transportation networks. The zip code is 50123. This is a turnkey operation ready for immediate use or investment.
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
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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.