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Property profile & analytics
OFF-MARKET
Land

0 20Th Pl Lacona, IA 50139

36.78 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 36.78-acre property in Lacona, Iowa, presents a unique investment opportunity. Located on 20th Place in Marion County (APN 0408900500), this land boasts a diverse landscape ideal for various uses. Approximately 20.82 acres are designated as FSA cropland, boasting a CSR2 soil rating of 38.4, with soil types including Bauer silt loam, Clearfield-Arispe silty clay loam, and Nodaway-Vesser silt loam. Beyond the tillable land, the property features a picturesque setting with a timber-lined creek and a sizable, half-acre pond, creating a haven for wildlife such as whitetail deer and wild turkeys. The property's zoning is Agricultural, offering flexibility for development. Well water is readily available on-site, with electricity and rural water accessible at the roadside. This location offers convenient access, situated just 5.5 miles northwest of Melcher-Dallas. The property's blend of tillable land, natural features, and convenient location makes it suitable for a hobby farm, hunting retreat, or potential building site. Note that an additional 80 acres are available for purchase across the road. The asking price for this remarkable property is $240,500. This is a rare opportunity to acquire a versatile and attractive property in a desirable location. The property's diverse features and potential uses make it an attractive investment for a variety of buyers.

Property profile
Verified
Property type Land
Lot 36.78 ac (1,602,137 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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