144 Paton St Paton, IA 50217
This exceptional income-producing farm, located just south of Paton, Iowa in Section 29 of Paton Township, offers 62.8 net acres (m/l), including 59.86 FSA cropland acres with a CSR2 of 83.6. The property boasts highly productive soil types: Canisteo clay loam, Webster clay loam, and Nicollet clay loam. No wetland determination is on file. Currently enrolled in the Conservation Reserve Program (CRP), the cropland generates income through two contracts: Contract #11367C (53.36 acres in the Pollinator Habitat Program, expiring September 2027, with an annual payment of $16,506) and Contract #12027A (6.50 acres in the Farmable Wetlands Program, expiring September 2033, with an annual payment of $1,950). Upon CRP expiration, the land is suitable for farming or continued CRP enrollment. Access is from Iowa Highway 144. A 52' x 52' pole barn (built 1959) is included "as is, where is." The Union Pacific Railroad traverses the property, with a private crossing providing western access. An overhead transmission line runs along the eastern border, connecting to substations northeast of Paton. The asking price is $706,500. APN: 0429200002, 0429200004, 0429400003.
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
Property description
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No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.