Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Red Ball Rd Rockford, IA 50468

    Sponsored
    For Sale
    Pending
    $950,000

    Other - Rockford, IA

    Type:Farm
    Lot size:
    169.02 Acres
    Days on Market:
    15
    Last Refresh:
    Jan 26 at 5:06 pm

    Property Features for Red Ball Rd

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Pending
    APN
    09-04-200-007-00
    Lot size
    169.02 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    David Whitaker

    Whitaker Marketing Group (515) 460-8585

    Listing agent David Whitaker (515) 460-8585

    Listing date Jan 12, 2026

    MLS# 6332565 Listing URL

    Copyright © 2026 RLI Farm & Ranch Multiple Listing Service. 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

    Premier Hunting Retreat with Income

    This 169.02 +/- acre property, located 1.4 miles Northwest of Rockford, Iowa, offers a premier hunting retreat with miles of mowed trails and thoughtfully planted trees. The Shell Rock River winds through the landscape, enhancing both recreation and wildlife habitat. The property includes well-maintained CRP land that provides excellent cover, along with cropland that offers bonus income potential. The farmland is rented out for the 2026 crop season. The CRP generates over $21,000 per year. The property, situated in Sec 3, 4-95N-18W, has parcel IDs 09-04-200-007-00 and 09-03-300-001-00. The estimated taxes are $3,086. The tillable land measures 36.81 acres with a CSR2 rating of 61.5. The zoning is A-1 Ag. There is an easement through a neighbor's property providing access to the northeast corner from the gravel road North of the Shell Rock River. The hunting lease has been terminated, granting hunting rights to the new owner upon possession.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Rockford
    County
    Floyd
    State
    Iowa
    Longitude
    -92.977701
    Latitude
    43.078848

    Nearby Similar for Sale

    • $730,000
      4,266 SF

      Riverfront Estate with Tillable Land

      Scenic Rockford, Iowa estate with river frontage and tillable land.
      1074 190Th St, Rockford, IA 50468
      View Details
    • $165,900
      2,904 SF

      Turnkey Restaurant Opportunity in Rockford

      Fully equipped restaurant with income potential in Rockford, Iowa.
      129 W Main Ave, Rockford, IA 50468
      View Details

    FAQs

    What type of property is this?
    Farm - 169.02 acre hunting retreat with CRP and cropland income.
    Where is this farm located?
    The property is located at Red Ball Rd Rockford, IA.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: - Substantial CRP income of $21,000+ per year.; - Excellent hunting ground with diverse wildlife habitat.; - Includes 36.81 tillable acres with a CSR2 of 61.5, offering additional income potential.
    (515) 460-8585
    Request Owner's contact information
    Red Ball Rd Rockford, IA 50468
    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.
    Red Ball Rd
    Rockford, IA 50468
    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
    Red Ball Rd Rockford, IA 50468
    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

    We can help!
    Listing Contact
    David Whitaker
    Real Estate License ID: B61078
    (515) 460-8585
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.