Property profile

355 Country Clb Ln Dike, IA 50624

OFF-MARKET
Warehouses
Property ID
US25-2298540
2,560 SF 43.61 ac lot Built 1999
Entity Owned Free & Clear
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Property summary

AI-generated overview

Exceptional investment opportunity: Fox Ridge Golf Course, a thriving 18-hole course situated on 172 acres in Dike, Iowa (50624). This special purpose property includes seven buildings totaling 19,827 square feet, encompassing a clubhouse with a full kitchen and banquet facility capable of hosting 300+ guests, a maintenance building with a small office, three storage/cart sheds, and two pump sheds. Substantial renovations were completed in 2018, enhancing both the clubhouse and the course itself. The clubhouse features a finished basement (excluding a remodeled area) and a Trackman simulator. The on-site restaurant caters to both the golf course and the banquet facilities, supporting weddings and corporate events. The gently rolling terrain of the links-style course is punctuated by several ponds and numerous fairway bunkers. Currently operating as a daily fee course, this property presents significant potential for further development. Three fairways offer promising locations for medium and high-density residential projects, expanding the property's value and utility. This unique combination of established recreational use and substantial development land makes Fox Ridge Golf Course a compelling investment prospect.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1999
Construction FRAME
Total area 2,560 SF
Lot 43.61 ac (1,899,651 SF)
APN 881505226006
UPID US25-2298540

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Golf Course

Location

355 Country Clb Ln Dike, IA 50624-9636
Dike metro Census 960100 WATERLOO-CEDAR FALLS, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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