Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Land Near Golf Course Title is generated by Realmo AI

    427 Brickyard Rd, Sheffield, IA 50475

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - SHEFFIELD, IA

    Lot size:
    0.36 Acres
    Added:
    May 12, 2023
    Days on Market:
    1116
    Last Refresh:
    May 31 at 4:06 pm

    Property Features for 427 Brickyard Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RG/GENERAL RES
    Standard status
    Active
    Lot size
    0.36 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    WHISPERING OAKS 1ST SUB DIV LOT 29
    Tax Annual Amount
    124

    We can help!

    Listing Contact
    DODIE WILKINS
    DODIE WILKINS

    Listing agent DODIE WILKINS License #***

    Listing office CENTURY 21 PREFERRED 2800 4th SW SUITE #3, Mason City, IA

    Listing date May 12, 2023

    MLS# 230279 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.

    HighLights

    • Golf course lot at Ridge Stone Golf Club
    • Buy one lot, get the second lot at half price
    • Ready to build: city water, sewer, gas, and electric available
    • Convenient location in Sheffield with access to amenities
    • Access to fine dining at the Club House
    • Close to West Fork School, churches, library and other community services

    Overview

    These residential lots are located at Quarry Ridge within the Ridge Stone Golf Club. City water, sewer, gas, and electric utilities are available to the lots, making them ready for construction. The Ridge Stone Golf Club offers fine dining at its Club House. Located in Sheffield, Iowa, the property is near a swimming pool, parks, West Fork School, churches, a library, a care center/assisted living facility, Sukup Manufacturing, and restaurants. Note that only sheds no larger than 10x12 may be built. The lot size is approximately 0.36 acres. The zoning is RG/GENERAL RES.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Sheffield
    County
    Franklin
    State
    Iowa
    Longitude
    -93.22974
    Latitude
    42.886909

    Nearby Similar for Sale

    • $29,900

      Golf Course Lot Ready to Build

      Residential lot at Ridge Stone Golf Club, ready to build.
      406 Brickyard Road, Sheffield, IA 50475
      View Details
    • $29,900

      Ridge Stone Golf Club Lots

      Lots ready to build on a gorgeous golf course!
      202 Brickyard Court, Sheffield, IA 50475
      View Details
    • $29,900

      Ridge Stone Golf Club Lots

      Land lots at Ridge Stone Golf Club ready to build.
      600 Claydigger Run, Sheffield, IA 50475
      View Details
    • $24,500

      Residential Land Near Golf Course

      Residential land for sale near Ridge Stone Golf Club.
      409 Brickyard Road, Sheffield, IA 50475
      View Details
    • $29,900

      Ridge Stone Golf Club Lot

      Residential land at Ridge Stone Golf Club, Sheffield, Iowa.
      210 Brickyard Court, Sheffield, IA 50475
      View Details
    • $29,900

      Ridge Stone Golf Course Lot

      Residential land at Ridge Stone Golf Club, Sheffield, Iowa.
      200 Brickyard Court, Sheffield, IA 50475
      View Details
    • $29,900

      Ridge Stone Golf Club Land

      Residential lots at Ridge Stone Golf Club, ready to build.
      402 Brickyard Road, Sheffield, IA 50475
      View Details
    • $29,900

      Ridge Stone Golf Club Lots

      Residential lots at Ridge Stone Golf Club in Sheffield, Iowa.
      602 Claydigger Run, Sheffield, IA 50475
      View Details
    • $24,500

      Residential Land Near Golf Course

      Residential lots near Ridge Stone Golf Club in Sheffield, Iowa.
      411 Brickyard Road, Sheffield, IA 50475
      View Details
    • $24,500

      Residential Land Near Golf Course

      Residential land near Ridge Stone Golf Club in Sheffield, Iowa.
      410 Brickyard Road, Sheffield, IA 50475
      View Details
    • $24,500

      Ridge Stone Golf Course Lots

      Residential lots at Ridge Stone Golf Club in Sheffield, Iowa.
      429 Brickyard Road, Sheffield, IA 50475
      View Details
    • $24,500

      Residential Land Near Golf Course

      Residential lots near Ridge Stone Golf Club in Sheffield, Iowa.
      419 Brickyard Road, Sheffield, IA 50475
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lots near Ridge Stone Golf Club in Sheffield, Iowa.
    Where is this residential land & home lot located?
    The property is located at 427 Brickyard Rd Sheffield, IA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Golf course lot at Ridge Stone Golf Club; Buy one lot, get the second lot at half price; Ready to build: city water, sewer, gas, and electric available
    (641) 425-9852
    We can help!
    Listing Contact
    DODIE WILKINS
    DODIE WILKINS
    Real Estate License ID: ***
    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
    427 Brickyard Rd, SHEFFIELD, IA 50475
    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!