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    200 28Th St Fairfield, IA 52556

    • Warehouses
    • 1,056 SF
    • 20.23 lot acres
    For Sale
    View listing
    Value Estimation
    Last Sale
    Oct 27, 2023
    $1,802,500
    Location Intelligence
    Property ID
    US25-1785004
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Fast Blade Lawn Care & Landscape LLC. / Lawn Care Service / Landscaper

    Property Details for 200 28Th St

    Year built
    1975
    Construction
    FRAME
    Lot size
    20.23 lot acres
    Property size
    1,056 SF
    Property type
    Warehouses
    APN
    06-27-326-001
    APU
    627326001

    Description

    This exceptional 13.18-acre commercial land parcel presents a unique investment opportunity in Fairfield, Iowa. Strategically located just west of Highway 34, this property enjoys high visibility and accessibility, situated between a Walmart Supercenter and Tractor Supply Co. Across the intersection lie local Ford and Chevy dealerships, ensuring significant daily traffic flow. The land's versatility allows for a range of development options, including retail, office, flex space, or multi-family residential projects. Lots 2 and 3 are particularly well-suited for single or multi-family development. The property offers flexible lot sizes, with the possibility of subdivision to meet specific project needs. All utilities are readily available at adjacent properties, simplifying development and reducing upfront costs. Fairfield, the county seat of Jefferson County, is a thriving community renowned for its entrepreneurial spirit and as the home of Maharishi University. Furthermore, economic incentives are available, making this an even more attractive proposition for developers seeking a prime location with significant growth potential. This is a rare opportunity to acquire a substantial commercial land parcel in a dynamic and growing market.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,170,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,810,000
      6.5%
      $1,730,000
      7%
      $2,015,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,845,000
      Geo Method
      $2,140,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,920,000
      Retail
      $1,835,000
      Mixed-Use
      $1,775,000
      Hospitality
      $1,480,000
      Educational
      $1,945,000
      Residential Income
      $1,580,000
      Energy
      $1,750,000
      Income-Based Land
      $1,580,000
      Food Service
      $2,000,000

    Location Insight

    • Map
    • Local Demand
    City
    Fairfield
    County
    Jefferson
    State
    Iowa
    Longitude
    -91.9993
    Latitude
    41.0088
    CBSA code
    21840
    CBSA name
    FAIRFIELD, IA MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $10,672
    $126,200
    $266,200
    $392,400
    -
    $126,200
    $266,200
    $392,400

    Comparable in this City

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      WAREHOUSE, STORAGE • 1,440 SF
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      View Details

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    200 28Th St
    Fairfield, IA 52556
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    Realmo Value Estimation

    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.

    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.

    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
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