16580 280Th St Lamoni, IA 50140
This exceptional 40-acre property in Decatur County, Iowa, presents a unique opportunity. Located at 16580 280th St, Lamoni, IA 50140, this expansive land boasts open pastures with scattered trees, offering a tranquil setting. The existing five-bedroom home features hardwood floors and metal vinyl siding, although it currently lacks full electrical and water service, presenting a chance for customization. Several outbuildings provide ample storage and potential for livestock. Ideal for those seeking an off-grid lifestyle, hobby farm, or investment property, this location offers a peaceful escape while remaining conveniently situated between Kansas City, MO, and Des Moines, IA, with easy access to Highway 35. The asking price is $360,000. This property is ready for your vision and offers endless possibilities. Don't miss this chance to own a piece of Southern Iowa's countryside.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.