0 Lisbon St, Pleasantville, IA 50225
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.
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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