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    12775 72Nd St Polk City, IA 50226

    • Commercial real estate
    • 113.00 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-0704690
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 12775 72Nd St

    Lot size
    113.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional property, known as Young Farm, presents a unique investment opportunity in Polk City, Iowa. The offering encompasses two distinct tracts of agricultural land ideally situated on the north side of town, providing convenient access to amenities and infrastructure. One tract comprises approximately 439.19 acres, priced at $28,000 per acre, while the second tract offers approximately 113.39 acres at a price of $25,000 per acre. The land is characterized by a topography that lends itself well to the creation of large, wooded executive lots, making it highly suitable for future residential development. Its strategic location near the Tournament Club of Iowa and the High Trestle Trail adds significant appeal. The property is offered fee simple, providing complete ownership. Furthermore, sewer access is readily available in close proximity to the land, significantly reducing development costs and complexities. This prime development land represents a compelling investment opportunity for those seeking to capitalize on the growth potential of Polk City, Iowa. The total acreage ranges from 113 to 553 acres, offering flexibility for various development scenarios. This is a rare chance to acquire a substantial parcel of land in a desirable location with excellent development prospects.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Polk City
    County
    Polk
    State
    Iowa
    Longitude
    -93.717183341289
    Latitude
    41.799559181141

    Comparable in this City

    • $285,000
      Pending

      Polk City Land Opportunity

      Land for sale in new Polk City development near Saylorville Lake.
      Cedar Ct, Polk City, IA 50226
      View Details
    • $220,000
      0.53 Acres

      Polk City Land For Sale

      Residential land in Polk City, near outdoor recreation and Ankeny schools.
      1750 E Southside Dr, Polk City, IA 50226
      View Details
    • $224,900
      0.36 Acres

      Residential Land Near Saylorville Lake

      Walkout lot near Saylorville Lake for custom home construction.
      1680 E Autumn Trl Cir, Polk City, IA 50226
      View Details
    • $139,000
      0.29 Acres

      Land Near Saylorville Lake

      Land available in new development near Saylorville Lake.
      5 E Red Cedar Dr, Des Moines, IA 50226
      View Details
    • $224,900
      0.59 Acres

      Residential Land Near Saylorville Lake

      Walkout lot near Saylorville Lake for custom home construction.
      1663 E Autumn Trl Cir, Polk City, IA 50226
      View Details
    • $169,900
      0.47 Acres

      Residential Lots in Polk City

      Premium residential lots in a desirable Polk City location.
      411 NE Monarch Dr, Polk City, IA 50226
      View Details

    Similar Nearby for Sale

    • $285,000
      Pending

      Polk City Land Opportunity

      Land for sale in new Polk City development near Saylorville Lake.
      Cedar Ct, Polk City, IA 50226
      View Details
    • $220,000
      0.53 Acres

      Polk City Land For Sale

      Residential land in Polk City, near outdoor recreation and Ankeny schools.
      1750 E Southside Dr, Polk City, IA 50226
      View Details
    • $224,900
      0.36 Acres

      Residential Land Near Saylorville Lake

      Walkout lot near Saylorville Lake for custom home construction.
      1680 E Autumn Trl Cir, Polk City, IA 50226
      View Details
    • $139,000
      0.29 Acres

      Land Near Saylorville Lake

      Land available in new development near Saylorville Lake.
      5 E Red Cedar Dr, Des Moines, IA 50226
      View Details
    • $224,900
      0.59 Acres

      Residential Land Near Saylorville Lake

      Walkout lot near Saylorville Lake for custom home construction.
      1663 E Autumn Trl Cir, Polk City, IA 50226
      View Details
    • $169,900
      0.47 Acres

      Residential Lots in Polk City

      Premium residential lots in a desirable Polk City location.
      411 NE Monarch Dr, Polk City, IA 50226
      View Details
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    12775 72Nd St
    Polk City, IA 50226
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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.

    More about this property
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