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    OFF-MARKET
    Land

    0 Lisbon St, Pleasantville, IA 50225

    92.3 ac lot
    Property ID
    Property summary
    AI-generated overview

    This 92.3-acre property in Pleasantville, Iowa, presents a unique investment opportunity. Located on Lisbon Street, just 3.5 miles south of Pleasantville and over half a mile off pavement, it boasts 80.47 FSA cropland acres, with approximately 51.91 acres currently in production and an additional 17.36 acres used for hay. The average CSR2 soil rating on the FSA cropland is 49.4, featuring Colo silty clay loam, Bauer silt loam, and Sharpsburg silty clay loam. Beyond the tillable land, the property includes a grass waterway, a timber-lined creek, and a 0.5-acre stocked pond, offering recreational appeal and excellent hunting opportunities. The creek serves as a wildlife corridor for deer and turkey. A building site survey and driveway approval are complete, should the buyer choose to develop. Rural water and electric are available at the road. The land is improved with terraces and 15,160 feet of drainage tile, ensuring excellent drainage. The property is zoned for agriculture and has APN numbers 0380100000, 0380200000, 0380400000, and 038030000. This versatile farm offers significant potential for agricultural use, development, or a combination of both. The asking price is $600,000.

    Property profile
    Verified
    Property type Land
    Lot 92.3 ac (4,020,588 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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