Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Lot Near Smithneck Creek Title is generated by Realmo AI

    123 Smithneck Road, Loyalton, CA 96118

    View on Map
    Claim this Listing
    For Sale
    $39,500

    Residential Lot - Loyalton, CA

    Lot size:
    1.24 Acres
    Added:
    Jul 12, 2025
    Days on Market:
    310
    Last Refresh:
    May 17 at 2:06 am

    Property Features for 123 Smithneck Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R1
    Exterior features
    Other, See Remarks
    Standard status
    Active
    APN
    16-180-04
    Lot size
    1.24 Acres

    Building Details

    Architectural style
    Other
    Additional Structures
    See Remarks

    We can help!

    Listing Contact
    John McCormick

    Listing agent John McCormick License #01110331

    Listing office McCormick Realty 15800 Donner Pass Road, Truckee, CA

    Listing date Jul 12, 2025

    MLS# 20251600 Listing URL

    Copyright © 2026 Tahoe Sierra 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.

    HighLights

    • Over one acre creek‑front property on Smithneck Creek, ready to build with studies completed.
    • Part of the Sierra Brooks community with private campground, clubhouse, electric and water service.
    • Horses allowed on the property.
    • Enjoy panoramic views of surrounding hills from this level, sunny lot with rock features near the creek.
    • Conveniently located a few miles from Loyalton and approximately 45 minutes from Truckee and Reno.
    • Affordable country living or getaway spot in California.

    Overview

    This residential lot, spanning over one acre, is situated on Smithneck Creek and is ready for construction. The property allows for horses. It features panoramic views of the surrounding hills, a level and sunny terrain, and notable rock features near the creek. As part of the Sierra Brooks community, residents benefit from access to a private campground, clubhouse, and electric and water service. Located a few miles from the historic small town of Loyalton, the property is also approximately 45 minutes from both Truckee and Reno. This location offers the opportunity for peaceful country living or a getaway in an affordable area of California.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Loyalton
    County
    Sierra
    State
    California
    Longitude
    -120.21849
    Latitude
    39.6465

    Nearby Similar for Sale

    • $475,000

      Loyalton Commercial Opportunity For Sale

      Equipped restaurant, bar, and lodging near Sierra Valley.
      403 Railroad Avenue, Loyalton, CA 96118
      View Details
    • $37,690

      Land Ready for Building

      Flat, nearly one-acre parcel with water and power in place.
      171 Smithneck Road, Loyalton, CA 96118
      View Details
    • $57,500

      Sierra Brooks Residential Lot

      1.17 acre residential lot in Sierra Brooks.
      440 Rancho Circle, Loyalton, CA 96118
      View Details
    • $48,000

      Ready-to-Build Lot Backing Smith Creek

      Half-acre residential lot with septic system near Truckee and Reno.
      556 Longhorn Drive, Loyalton, CA 96118
      View Details
    • $48,000

      Residential Lot in Sierra Brooks

      Level parcel bordering Smithneck Creek, near Reno/Truckee.
      566 Longhorn Drive, Loyalton, CA 96118
      View Details
    • $57,500

      Serene Sierra Brooks Land Parcel

      1.17 acre parcel with mountain views and horse potential.
      440 Rancho Circle Drive lot: 145, Loyalton, CA 96118
      View Details
    • $48,000

      Large Lot on Creek

      0.72 acre lot near Tahoe National Forest.
      598 Longhorn Drive, Loyalton, CA 96118
      View Details
    • $48,000

      Half-Acre Lot Backing Smith Creek

      Half-acre lot in Loyalton with septic system and creek.
      556 Longhorn Drive, Loyalton, CA 96118
      View Details
    • $350,000

      Sierra Valley Land Opportunity

      Two parcels totaling 40.07 acres with creek and views.
      Smithneck Road, Loyalton, CA 96118
      View Details
    • $50,000

      Half Acre Lot in Loyalton

      Half acre lot with septic and driveway near Reno/Truckee.
      527 Longhorn Drive lot: 188, Loyalton, CA 96118
      View Details
    • $50,000

      Sierra Brooks Land Opportunity

      Premium lot with open space access in Sierra Brooks.
      933 Sierra Brooks Drive lot: 104, Loyalton, CA 96118
      View Details
    • $48,000

      Land in Sierra Brooks

      Level parcel bordering Smithneck Creek, near Reno/Truckee.
      566 Longhorn Drive, Loyalton, CA 96118
      View Details

    FAQs

    What type of property is this?
    Land - Over one acre lot ready to build near Loyalton, CA.
    Where is this land located?
    The property is located at 123 Smithneck Road Loyalton, CA.
    What is the asking price?
    The asking price for this property is $39,500.
    What are key features of this property?
    This property features: Over one acre creek‑front property on Smithneck Creek, ready to build with studies completed.; Part of the Sierra Brooks community with private campground, clubhouse, electric and water service.; Horses allowed on the property.
    (530) 277-2070
    We can help!
    Listing Contact
    John McCormick
    Real Estate License ID: 01110331
    Learn More
    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.
    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

    Thank You for Inquiry
    123 Smithneck Road, Loyalton, CA 96118
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!