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    0005042400 Sheldon, IA 51201

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    Sponsored
    For Sale
    $750,545

    Farm - Sheldon, IA

    Type:Farm
    Lot size:
    40.57 Acres
    Days on Market:
    194
    Last Refresh:
    Mar 7 at 4:06 am

    Property Features for 0005042400

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    APN
    0005042400
    Lot size
    40.57 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Corey Elgersma

    ISB Services Inc (712) 324-0104

    Listing agent Corey Elgersma (712) 324-0104

    Listing date Aug 26, 2025

    MLS# 826180 Listing URL

    Copyright © 2026 Northwest Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Productive Farmland Near Sheldon, Iowa

    This O’Brien county farm, located on the southeast side of Sheldon, Iowa, offers convenient market access via a hard surface road. The farm consists of 40.57 surveyed acres of Galva, Sac variant, and Primghar soils, boasting a CSR2 rating of 94.94. In 2023, the farm produced 64 bushels per acre on beans. Access to the property is provided by an easement along the eastern border. The property is located in part of the Southwest ¼ of the frl Northwest ¼ and part of the Southeast ¼ of the frl Northwest¼ of Section 4, Township 96 North, Range 42 West of the 5th P.M., O’Brien County, Iowa. The land is further described as commencing at the West ¼ Corner of said Section 4; thence S 88°56'06"E 158.139 meters (518.83 feet) along the South line of the frl Northwest ¼ of said Section 4, to the point of beginning; thence, continuing along said South line S 8856'06"E 264.370 meters (867.36 feet) to the West line of the East 80 acres of the frl Northwest¼ of said Section 4; thence N 0053'29"E 348.686 meters . The new owners will have the right to farm this ground in the 2024 crop year.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Sheldon
    County
    O'Brien
    State
    Iowa
    Longitude
    -95.8037
    Latitude
    43.1723

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    FAQs

    What type of property is this?
    Farm - Excellent farmland with a CSR2 rating of 94.94.
    Where is this farm located?
    The property is located at 0005042400 Sheldon, IA.
    What is the asking price?
    The asking price for this property is $750,545.
    What are key features of this property?
    This property features: - High-quality farmland with an impressive CSR2 rating of 94.94, indicating excellent soil productivity.; - Proven crop yield: **Produced 64 bushels per acre of beans in 2023.**; - Immediate possession allows the new owner to farm the land in the 2024 crop year.
    (712) 348-1770
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    0005042400 Sheldon, IA 51201
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    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
    0005042400 Sheldon, IA 51201
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    Listing Contact
    Corey Elgersma
    (712) 348-1770 (712) 324-0104
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