Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1711-12 Golf Course Boulevard Independence, IA 50644

    View on Map
    Claim this Listing
    For Sale
    $60,000

    LAND - Other - Independence, IA

    Lot size:
    1.09 Acres
    Added:
    Mar 5, 2025
    Days on Market:
    420
    Last Refresh:
    Apr 29 at 3:06 am

    Property Features for 1711-12 Golf Course Boulevard

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    0632203002
    Lot size
    1.09 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    River Ridge Addition Lot 12, Buchanan County, IA.
    Tax Annual Amount
    556

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Travis Smock

    Listing agent Travis Smock License #IA S62642000

    Listing office Peoples Company 12119 Stratford Dr Ste B, Clive, IA

    Listing date Mar 5, 2025

    MLS# 6325422 Listing URL

    Copyright © 2026 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Golf Course Frontage Lot

    This 1.09 acre golf course frontage lot is located within the River Ridge Development just outside of Independence, Iowa, along the River Ridge Golf Course. Situated in a secluded neighborhood, Lot 12 is one of the last remaining lots in this new development. The area features landscaping, large lots, and high-end homes with views of the course and the Wapsipinicon River. Access to the lot is provided by a private association road, creating a low-traffic area suitable for walks and golf cart travel. The historic 9 hole golf course also includes Denali's On The River, an upscale sports bar with a food and drink menu and a patio along the river. The River Ridge Subdivision has monthly HOA dues that cover area landscaping, road snow removal and maintenance, and water service to each lot. The property is located at 1711-12 Golf Course Boulevard, Independence, IA 50644.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Golf courses & driving ...

    Suggested Use

    Restaurant Hotel & Motel Bed & Breakfast

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Independence
    County
    Buchanan
    State
    Iowa
    Longitude
    -91.931467
    Latitude
    42.4816762

    Nearby Similar for Sale

    • $225,000

      Prime Commercial Property on 1st Street

      2820 SF commercial building with ample parking near Highway 20.
      1640 1st Street W, Independence, IA 50644
      View Details
    • $129,500

      Prime Commercial Corner Lot

      2,250 SF commercial building on a busy street.
      1002 1st St. W, Independence, IA 50644
      View Details
    • $792,300

      Prime Farmland Investment Opportunity

      57 acres of premium farmland with sale-leaseback structure.
      240th Street, Independence, IA 50644
      View Details
    • $1,250,000

      Productive Farmland Investment Opportunity

      103 acres of quality farmland with sale-leaseback structure.
      Gabriel Avenue, Independence, IA 50644
      View Details
    • $175,000

      Income-Producing Duplex on Corner Lot

      Two-story duplex with updated apartments and steady rental income.
      1000 3rd St. NW, Independence, IA 50644
      View Details
    • $145,000

      Commercial Office Building in Independence

      Move-in ready office building near downtown and Buchanan County Health Center.
      819 1st St. E, Independence, IA 50644
      View Details
    • $945,000

      Prime Commercial Land Opportunity

      18.77 acre commercial land with excellent highway exposure.
      Swan Lake Blvd., Independence, IA 50644
      View Details
    • $42,500

      Prime Commercial Land Opportunity

      0.84 acre commercial land with excellent highway access.
      Swan Lake Blvd., Independence, IA 50644
      View Details
    • $99,500

      Prime Commercial Land Opportunity

      1.09 acre commercial site with excellent exposure.
      2500 Swan Lake Blvd., Independence, IA 50644
      View Details
    • $199,500

      Prime Commercial Land Opportunity

      5.1 acre commercial land with excellent highway visibility.
      Swan Lake Blvd., Independence, IA 50644
      View Details
    • $42,500

      Prime Commercial Land Opportunity

      0.84 acre commercial land with excellent highway exposure.
      Swan Lake Blvd., Independence, IA 50644
      View Details
    • $89,500

      Prime Commercial Land Opportunity

      1.47 acre commercial land with excellent exposure.
      2200 Swan Lake Blvd., Independence, IA 50644
      View Details

    FAQs

    What type of property is this?
    Land - 1.09 acre lot in River Ridge Development, Independence, Iowa.
    Where is this land located?
    The property is located at 1711-12 Golf Course Boulevard Independence, IA.
    What is the asking price?
    The asking price for this property is $60,000.
    What are key features of this property?
    This property features: Golf course frontage lot in the desirable River Ridge Development.; Large 1.09 acre lot in a secluded, low‑traffic neighborhood.; Access to River Ridge Golf Course and Denali's On The River upscale sports bar.
    (319) 361-8089
    We can help!
    Listing Contact
    Travis Smock
    Real Estate License ID: IA S62642000
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!