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Property profile & analytics
OFF-MARKET
Land

1232 S Ave Boone, IA 50036

5 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 5-acre commercial land parcel presents a unique investment opportunity in Boone, Iowa. Strategically located in the southeastern quadrant of the intersection of Highways 30 and 17, this property enjoys exceptional visibility and accessibility. The site is situated approximately five miles southeast of Boone's downtown area, offering convenient access to the city's amenities while benefiting from high traffic counts. Highway 30 boasts an impressive 8,000 vehicles per day, and Highway 17 sees 5,000 vehicles daily, ensuring significant exposure for any future development. The property is part of a larger 57-acre parcel, offering potential for expansion or future development opportunities. Currently zoned for Agricultural Conservation, this land presents a blank canvas for a variety of commercial uses. The location is further enhanced by its proximity to established businesses. Redekers Furniture is located just to the north, while Ag Reliant Genetics is across Highway 17 to the west. Nutrien Ag Solutions and Dekalb/Asgrow are also nearby, less than a mile north of Highway 30. This prime location, combined with its size and high traffic volume, makes this a compelling investment opportunity for developers and businesses seeking a strategic foothold in a thriving area. The price is $275,000 per acre.

Property profile
Verified
Property type Land
Lot 5 ac (217,800 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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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