Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    85Th Ave Indianola, IA 50125

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    85Th Ave Indianola, IA 50125

    View on Map
    • Land
    • 106.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 85Th Ave

    Lot size
    106.00 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 106-acre property in Warren County, Iowa, presents a unique investment opportunity combining agricultural, residential, and recreational potential. The land features approximately 80 FSA tillable acres, ideal for farming, with the 2025 crop year available. Enhancements include a substantial new machine shed (42ft x 48ft with 16ft walls, insulated, metal interior, 200 amp service, bathroom, and two 12ft x 14ft overhead doors with openers), two attractive ponds, and roughly 35 acres of timber. Several smaller sheds and outbuildings are also present. The property offers a blend of productive farmland and appealing natural features. 2023 real estate taxes on 118.79 acres totaled $2,756.00; 2024 taxes on the approximately 106 acres are to be determined. Detailed FSA information is available upon request. The asking price is $1,400,000, or approximately $13,207.55 per taxable acre. This versatile property is well-suited for a variety of agricultural and recreational uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Indianola
    County
    Warren
    State
    Iowa
    Longitude
    -93.6385
    Latitude
    41.3167

    Comparable in this City

    • Value Estimation by Request
      30.70 Acres

      85Th Ave

      Farms • 30.70 Acres
      0 85Th Ave, Indianola, IA 50125
      View Details
    • Value Estimation by Request
      20.00 Acres

      85th Ave

      Farms • 20.00 Acres
      85th Ave, Indianola, IA 50125
      View Details
    • Value Estimation by Request
      2.20 Acres

      Kennedy St

      Farms • 2.20 Acres
      0 Kennedy St, Indianola, IA 50125
      View Details
    • Value Estimation by Request
      0.20 Acres

      828 Trl Rdg Ave

      Farms • 0.20 Acres
      828 Trl Rdg Ave, Indianola, IA 50125
      View Details
    • Value Estimation by Request
      2.06 Acres

      7683 86 Ln

      Farms • 2.06 Acres
      7683 86 Ln, Indianola, IA 50125
      View Details
    • Value Estimation by Request
      28.68 Acres

      15Th St

      Land • 28.68 Acres
      0 15Th St, Indianola, IA 50125
      View Details

    Similar Nearby for Sale

    • $630,000
      140.00 Acres

      Turnkey Recreational Hunting Farm

      140-acre recreational farm in Warren County, ready to hunt.
      12510 G24 Hwy, Indianola, IA 50125
      View Details
    • $299,500
      10.00 Acres

      Indianola Acreage on Pavement

      10 acres ideal for homesite, hobby farm, or equestrian.
      10950 Blk Parcel V R57 Hwy, Indianola, IA 50125
      View Details
    • $350,000
      35.54 Acres

      Indianola Farmland Opportunity

      35.54 acres of tillable farmland near Indianola, Iowa.
      St, Indianola, IA 50125
      View Details
    • $350,000
      35.54 Acres

      Indianola Land Opportunity: 35.54 Acres

      35.54 acres of tillable land near Indianola, Iowa.
      Indianola, IA 50125
      View Details
    • $239,750
      Pending

      Secluded Acreage with Development Potential

      9.13 acres near Highway 92, ideal for building or farming.
      7970 Jesup St, Indianola, IA 50125
      View Details
    • $599,500
      42.03 Acres

      42 Acres of Farmland

      Farmland with recreational features and building potential near Des Moines.
      10950 Blk R57 Hwy, Indianola, IA 50125
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Westroads Shopping Center Outlots

      Outlots available for sale or lease at Westroads Shopping Center.
      1807 W 2Nd Ave, Indianola, IA 50125
      View Details
    • $30 SF/Yr
      2,948 SF

      New Retail/Office Space Available

      Modern, customizable retail/office space in growing Indianola community.
      302 East Trail Ridge Ave, Indianola, IA 50125
      View Details
    • Contact for pricing
      3,256 SF

      Commercial Office Building For Lease

      Stand-alone office building with parking, near Simpson College.
      112 E Detroit Ave, Indianola, IA 50125
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    85Th Ave
    Indianola, IA 50125
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!