32519 510Th St Russell, IA 50238
This exceptional 237-acre property in Lucas County, Iowa, presents a unique opportunity for agricultural and commercial ventures. The meticulously designed cattle feeding operation includes an 11-paddock feedlot, strategically located buildings, pens, corrals, and alleyways integrated within approximately 217 acres of well-managed, cross-fenced pastureland divided into four sections for rotational grazing. The remaining acreage encompasses a recently updated 1,300 sq ft ranch home (3 bedrooms, 1 bath, new metal roof, renovated kitchen, new flooring, vinyl windows, carpet, trim, and interior doors), a calving barn, a farm shop with an office, commodity barns, and numerous pole buildings. Modern livestock facilities feature an all-steel and cement working area, automatic waterers, processing lots with poured bunks, an oversized apron, and 10 indoor calving pens. The property is located northeast of Chariton, IA, in the picturesque rolling hills of southern Iowa. The property's APN is 0802300002 : 0802300004 : 0802400001: 0802400002 : 0802400003: 0802400004. The asking price is $1,694,550. The property is zoned Ag and features a full basement, forced-air heating, and a septic system with rural water. The home includes appliances such as an oven, dishwasher, refrigerator, microwave, and washer/dryer. Built in 1964, the home features composition siding and a poured foundation.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
5 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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.