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    2817 248Th St Sidney, IA 51652

    Sponsored
    For Sale
    $989,000

    Farm/Estate, Contemporary - Sidney, IA

    Type:Farm
    Property size:
    4,200 SF
    Lot size:
    10.53 Acres
    Days on Market:
    19
    Last Refresh:
    Jan 20 at 5:06 am

    Property Features for 2817 248Th St

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bonus Room, Dining Room, Kitchen, Living Room
    Bedrooms
    5
    Bathrooms
    4
    APN
    FREMONT CO URB RENW SID TWP/SC WAUB RIDG
    Parking features
    Garage, Garage - Attached
    Interior features
    Walk-in Closet
    Fireplace
    1
    Basement Y/N
    1
    Appliances
    Dishwasher, Dryer, Microwave, Refrigerator, Washer
    Size
    4,200 SF
    Lot size
    10.53 Acres

    Utilities

    Heating system
    Fireplace(s), Forced Air, Heat Pump (Heating), Propane (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2009
    Year renovated
    2009
    Flooring type
    Hardwood, Laminate, Tile
    Roof type
    Asphalt
    Architectural style
    Contemporary

    We can help!

    Listing Contact
    Thomas Farrell

    Thomas M. Farrell Broker (402) 873-0615

    Listing agent Thomas Farrell (402) 873-0615

    Listing date Jan 2, 2026

    MLS# 11573702 Listing URL

    Copyright © 2026 My State MLS. 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

    Equestrian Haven and Hobby Farm

    This equestrian haven and hobby farm, located in Sidney, Iowa, includes two parcels totaling 10.53 acres. The single-story home offers 4,200 square feet of finished living space with a large great room that includes a spacious kitchen, dining area, living room with fireplace, and a small open office space. A covered back deck off the dining area provides an outdoor retreat. The main floor includes a laundry room near the 3-car garage entrance, a master suite with views of the backyard and horse barn, a walk-in closet, a bathroom with separate toilet, jetted tub, walk-in shower, dual sinks, and ample storage. A separate hallway leads to two additional bedrooms and a full bathroom. The finished basement features a kitchen, living room, a second master suite, an additional bedroom, a 3/4 bath, and a second laundry area. The basement living room has direct access to an open patio. The 3-car garage is hardwired for a generator and has TV cable. The house parcel spans 4.19 acres and includes electrical, propane, septic, and a private well, a 100x80 groomed outdoor riding ring, two horse barns, two chicken coops, a small storage shed, and fruit trees. The larger horse barn has electrical, metal fencing, a cement floor, five stalls, a hay loft, and office space, currently set up for both large and mini horses. The smaller barn is a birthing barn with a cement floor, two stalls, and storage space. Two chicken coops with electric fencing and a small garden are also present. The second parcel covers 6.34 acres and has established electric and potential for additional building. Wild plum trees are located on the south side of this parcel, which is improved with electric and cross fencing and connects to the house parcel with metal fencing and gates for grazing horses. The property is near Waubonsie Equestrian trails, Sidney Rodeo, and Battle of the Bulls, with several local large animal veterinarians and hay providers nearby. Direct hard surface access and no covenants add to the appeal.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fancy Feathers Therapy ... Non-Profit Organization Fancy Feathers Therapy ... Equestrian Facility

    Map

    City
    Sidney
    County
    Fremont
    State
    Iowa
    Longitude
    -95.653172
    Latitude
    40.689254

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    FAQs

    What type of property is this?
    Farm - 10.53 acre equestrian and hobby farm with modern conveniences.
    Where is this farm located?
    The property is located at 2817 248Th St Sidney, IA.
    What is the asking price?
    The asking price for this property is $989,000.
    What are key features of this property?
    This property features: - Equestrian facilities: 10.53 acres with a 100x80 riding ring, two horse barns (one with 5 stalls, hay loft, and office; the other a birthing barn), and electric fencing.; - Spacious modern home: 4,200 sq ft with 5 bedrooms, 4 bathrooms, two kitchens, two laundry areas, and a 3-car garage wired for a generator.; - Hobby farm potential: Includes two chicken coops with electric fencing, a small garden, fruit trees, and a storage shed.
    (402) 873-0615
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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
    2817 248Th St Sidney, IA 51652
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    We can help!
    Listing Contact
    Thomas Farrell
    (402) 873-0615
    Learn more
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