Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2430 Us-169 Winterset, IA 50273
    Back to Search
    Property profile & analytics

    2430 Us-169 Winterset, IA 50273

    View on Map
    • Commercial real estate
    • 35.16 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2430 Us-169

    Lot size
    35.16 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional opportunity encompasses a well-established motocross raceway situated on a sprawling 35.16-acre lot in Madison County, Iowa. The property, located at 2430 US-169, Winterset, IA 50273, includes two buildings on a single story, and boasts a Class B rating. The sale includes all necessary equipment for maintaining and operating the track, including a Cat D5C9 Dozer, Kubota Mower Rck60p 331z, John Deere 4440 and 4440p tractors, a John Deere Skid Steer, Cat Brush Hog, Combo Plane, Skid Tiller, Ford Water Truck, Ford Tractor, 12 ft wide cultivator, Kawasaki Mule, Cross Terrain 5h Wheel Travel Trailer, a 40-rider hydraulic starting gate, a comprehensive PA system, announcer and scoring tower, plus an array of tools, pumps, and hoses. The sale also includes the Riverside Raceway LLC, all associated special use permits (in perpetuity), websites, and social media accounts. The property is zoned C-Commercial and offers immediate possession, with an occupancy date of August 29, 2024. Adjacent to the Middle River and conveniently located a couple of miles from Winterset, this turnkey operation presents a unique investment opportunity for an owner/user. The asking price is $590,000, with a land value of $16,781 per acre. This is a rare chance to acquire a profitable, established business with significant land holdings in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Winterset
    County
    Madison
    State
    Iowa
    Longitude
    -94.0407
    Latitude
    41.3012

    Comparable in this City

    • Value Estimation by Request
      2,000 SF

      114 Ct Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,000 SF
      114 Ct Ave, Winterset, IA 50273-1545
      View Details
    • Value Estimation
      $580,000
      4,444 SF

      112 Ct Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,444 SF
      112 Ct Ave, Winterset, IA 50273-1519
      View Details
    • Value Estimation
      $725,000
      5,888 SF

      54 Ct Ave

      STORE/OFFICE (MIXED USE) • 5,888 SF
      54 Ct Ave, Winterset, IA 50273-1517
      View Details
    • Value Estimation by Request
      3,145 SF

      110 Ct Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,145 SF
      110 Ct Ave, Winterset, IA 50273-1545
      View Details
    • Value Estimation
      $755,000
      6,113 SF

      124 Jefferson St

      STORE/OFFICE (MIXED USE) • 6,113 SF
      124 Jefferson St, Winterset, IA 50273-1547
      View Details
    • Value Estimation
      $575,000
      4,444 SF

      73 Jefferson St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,444 SF
      73 Jefferson St, Winterset, IA 50273-1540
      View Details

    Similar Nearby for Sale

    • $575,000
      12,980 SF

      Winterset Square Commercial Gem

      Historic building, retail & apartments
      70 Court Ave, Winterset, IA 50273
      View Details
    • $250,000
      3.33 Acres

      Winterset, Iowa Land Opportunity

      3.33 acre lot near DSM Metro.
      112 Ct, Winterset, IA 50273
      View Details
    • $170,000
      3.76 Acres

      Winterset Acreage Lot For Sale

      3.76 acre lot in Scenic Ridge development, Winterset, Iowa.
      114 Ct, Winterset, IA 50273
      View Details
    • Contact for pricing
      2,300 SF

      Turnkey Commercial Building and Businesses

      Commercial building with three established businesses in Winterset, Iowa.
      215 N 1St Ave, Winterset, IA 50273
      View Details
    • $230,000
      2.90 Acres

      Winterset Acreage Lot For Sale

      2.9 acre lot in Scenic Ridge development, Winterset, Iowa.
      Limestone Ct, Winterset, IA 50273
      View Details
    • $230,000
      3.30 Acres

      Winterset Acreage Lot For Sale

      3.3 acre lot in Scenic Ridge development, Winterset, Iowa.
      Limestone Ct, Winterset, IA 50273
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2430 Us-169
    Winterset, IA 50273
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2430 Us-169, Winterset, IA, 50273
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!