0 Us 30 Boone, IA 50036
This exceptional Boone County, Iowa property offers 24.02+/- acres of agricultural land situated directly on US Highway 30. The land, part of the Estate of Genevieve Louise Van Horn, is zoned A-1 Ag and boasts a high CSR2 rating of 84.7 (Tract 2) and 79.9 (Tract 1) on its tillable acreage (21 acres and 15.26 acres respectively). The total tillable acres across both tracts are 36.26 acres. The property includes two tracts, with Parcel IDs: (08832702100008) for Tract 1 and (088327021000003, 088427354300002, 088427354400003) for Tract 2. Located conveniently 4 miles west of Boone, adjacent to Seven Oaks Ski Resort, this land presents significant development potential. While there are easements (Northern Natural Gas pipelines on Tract 1) and limitations on driveway access per the Iowa DOT (Type C access for single home(s) or agriculture use), the property's highway frontage and buildable potential make it a compelling investment. The estimated annual property taxes are $1,352 ($574 for Tract 1 and $778 for Tract 2). FSA information (Farm Service Agency) is available, including base acres, corn and soybean base, and PLC yields. Mineral rights will be conveyed to the buyer, with certain exclusions detailed in the legal description. The sale will be conducted as a multi-parcel online auction, closing on December 12th, 2024, or as otherwise agreed. A 10% earnest money deposit is required upon acceptance of an offer. The property is sold "as is, where is," and buyers are encouraged to conduct their own due diligence.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.