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    The Largest CRE Database in the US with Over 1 Million Listings

    940 250Th St Sheffield, IA 50475

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    Sponsored
    For Sale
    $1,499,824

    FARM ACREAGE, Ranch - SHEFFIELD, IA

    Type:Farm
    Property size:
    4,278 SF
    Lot size:
    20.73 Acres
    Days on Market:
    5
    Last Refresh:
    Mar 10 at 8:06 pm

    Property Features for 940 250Th St

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Spa
    1
    Zoning
    A/AGRICULTURE
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room
    Bedrooms
    3
    Bathrooms
    3
    APN
    0204300006 & 0204400010
    Parking
    3
    Parking features
    Heated, Oversized
    Patio and Porch features
    Patio
    Interior features
    Master Bath, Separate Shower, Tub, Ceiling Fans, Walk-in Closet
    Exterior features
    Hot Tub, Storage Shed, Waterfront, Patio
    Fireplace
    1
    Appliances
    Dishwasher, Dryer, Microwave, Range, Range - Gas, Refrigerator, Trash Compactor, Washer, Water - Softener
    Size
    4,278 SF
    Lot size
    20.73 Acres

    Utilities

    Heating system
    Fireplace(s), Forced Air, Other (Heating), Propane (Heating)
    Cooling system
    Central Air, Multi Units, Window Unit(s)
    Water front features
    Waterfront
    Water front
    1

    Building Details

    Year built
    2017
    Flooring type
    Tile, Tile - Ceramic, Wood
    Building materials
    Brick, Vinyl Siding
    Roof type
    Metal
    Architectural style
    Ranch
    Additional Structures
    Packing Shed, Shed(s), Storage

    We can help!

    Listing Contact
    DODIE WILKINS
    DODIE WILKINS

    CENTURY 21 Preferred (641) 424-9400

    Listing agent DODIE WILKINS (641) 424-9400

    Listing date Mar 5, 2026

    MLS# 250117 Listing URL

    Copyright © 2026 Greater Mason City 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

    Secluded Lakeside Retreat in Sheffield, IA

    This property, family owned since 1859, offers a unique retreat with a 40' - 50' deep lake stocked with walleye, bass, catfish, and blue gill. It includes a beach, docks, paddle boat, and pond-tini. The picturesque setting features panoramic views and mature evergreens. The property spans 20.73 acres. The 4,278 square foot home includes an entertainment area with a hot tub, pool table, theatre area with equipment, family room, full kitchen, office, utility/storm shelter, and steam shower with stereo and in-floor heat. The home has an open floor plan, engineered hardwood floors, a pantry, and abundant storage. All appliances are included, plus a grill and flat top griddle with a direct line to an LP tank (one 1000 gallon tank owned and one 1000 gallon tank rented). Most grounds equipment and furnishings are negotiable. The property is located in Sheffield, Iowa.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Sheffield
    County
    Franklin
    State
    Iowa
    Longitude
    -93.332176
    Latitude
    42.89319

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      Sheffield IA Farm Acreage

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    FAQs

    What type of property is this?
    Farm - Unique property with a stocked lake, beach, and stunning home.
    Where is this farm located?
    The property is located at 940 250Th St Sheffield, IA.
    What is the asking price?
    The asking price for this property is $1,499,824.
    What are key features of this property?
    This property features: - Enjoy a **private 40'-50' deep lake stocked with fish**, including walleye, bass, catfish, and blue gill.; - **Private beach, docks, and paddle boat** included.; - Entertainment area features a **hot tub, pool table, and theatre area (equipment included)**.
    (641) 425-9852
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    940 250Th St Sheffield, IA 50475
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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
    940 250Th St Sheffield, IA 50475
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    We can help!
    Listing Contact
    DODIE WILKINS
    DODIE WILKINS
    Real Estate License ID: ***
    (641) 425-9852 (641) 424-9400
    Learn more
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