3374 180Th St Alexander, IA 50420
This 155-acre (more or less) agricultural property in Wright County, Iowa, is being offered as a single tract at a public auction on November 1st, 2024, at 10:00 AM at the Latimer Community Center in Latimer, IA. The property consists of 152.11 FSA tillable acres with a highly desirable CSR2 soil rating of 83.7, significantly above the county average. Predominant soil types include Webster, Nicollet, and Canisteo clay loam, all certified as Non-Highly Erodible Land (NHEL). The land features well-established 6-inch to 12-inch tile lines, connected to a larger 40-inch main line, and there are no known ongoing drainage issues. The property is located in Joint Drainage District #228/85, with a portion extending into Franklin County. The farm's location provides excellent access to area grain markets, including an ethanol plant and various grain elevators. The farming rights are open for the 2025 crop year, with the seller retaining all income from the 2024 lease. A 10% earnest money payment is required on auction day, with closing scheduled for or before December 18th, 2024. The sale is "as-is, where-is," and buyer due diligence is recommended. Online bidding is available. The property's legal description will be obtained from the abstract provided by the seller. All information is subject to verification.
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.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.