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

    Philip Fitzwater, Farmington, MO

    License ID: 2013008849
    Years of Experience
    10
    Association
    Mineral Area Board Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (573) 701-2596
    Office Address:
    10936 Manchester Rd, Kirkwood, MO 63122

    Property Types

    • Commercial Sale
    • Farm
    • Land

    Performance

    Listings
    17
    Price range
    $43.5k - 475k
    Average price
    $259k

    Listings

    For Sale (17)

    View map
    • $69,900
      9.50 Acres

      9.5 Acres of Cleared Land

      Cleared 9.5 acre lot perfect for building or investment.
      1 Jackal Rd, Potosi, MO 63664
      View Details
    • New
      $39,500
      1.47 Acres

      Potosi Lake Lot Opportunity

      1.47-acre lake lot in Legacy Pointe Estates, near Potosi.
      14 Legacy Dr, Potosi, MO 63664
      View Details
    • $510,000
      3,056 SF

      Bismarck Ranch with Open Pasture

      Ranch home on 30 acres with pond and barn.
      10399 Gibson Rd, Bismarck, MO 63624
      View Details
    • $599,900
      6.00 Acres

      Commercial Land on Highway 21

      6 acres of commercial land with highway frontage and utilities.
      10871 State Highway 21, Potosi, MO 63664
      View Details
    • $1,290,000
      322.00 Acres

      Expansive Farm with Recreational Opportunities

      322-acre farm with creek, ponds, and abundant wildlife.
      Top Ozark Rd, Belgrade, MO 63622
      View Details
    • $89,000
      10.00 Acres

      Unrestricted Land with Creek Frontage

      10-acre tract near Potosi, MO, ideal for various uses.
      4 Jackal Rd, Potosi, MO 63664
      View Details
    • $89,000
      Pending

      Unrestricted Land with Creek Frontage

      10-acre tract perfect for building, mini-farm, or investment.
      5 Jackal Rd, Potosi, MO 63664
      View Details
    • $69,900
      9.50 Acres

      Potosi Land Ideal for Homestead

      9.5 acre tract perfect for dream home or investment.
      2 Jackal Rd, Potosi, MO 63664
      View Details
    • $89,000
      10.00 Acres

      Unrestricted Land with Creek Frontage

      10-acre tract perfect for building, mini-farm, or investment.
      3 Jackal Rd, Potosi, MO 63664
      View Details
    • $549,900
      35.04 Acres

      Secluded Lakefront Recreational Property

      Private 35-acre property with lake access and custom home.
      14502 E State Hwy E, Cadet, MO 63630
      View Details
    • $225,000
      4.00 Acres

      Cleared Commercial Land Opportunity

      4-acre commercial lot in Potosi, MO, with development potential.
      610 Purcell Dr, Potosi, MO 63664
      View Details
    • $1,145,000
      4,750 SF

      Potosi Farm with Creek Frontage

      A 5-bedroom home on 15.21 acres with creek frontage.
      14881 State Highway Aa, Potosi, MO 63664
      View Details
    • New
      $399,900
      2,604 SF

      Updated Home on Unrestricted Acres

      Spacious home on 10 acres near St. Louis.
      10179 Vine Rd, Cadet, MO 63630
      View Details
    • $249,900
      1,500 SF

      Potosi Farm with Spacious Home

      11+ acre property featuring a 3 bed, 2.5 bath home.
      10023 Liberty Rd, Potosi, MO 63664
      View Details
    • $221,500
      980 SF

      Farmhouse on Fenced Acreage

      Charming 2-bedroom farmhouse on 10.59 acres near Potosi, MO.
      19632 State Highway Aa, Potosi, MO 63664
      View Details
    • $50,000
      0.33 Acres

      Commercial Lot in Terre Du Lac

      Highly visible commercial lot ready for development in Bonne Terre.
      St Francois Rd, Bonne Terre, MO 63628
      View Details
    • $69,900
      Pending

      Wooded Land with Marketable Timber

      12.7 acres of wooded privacy with marketable timber.
      10270 Skyline Dr, Cadet, MO 63630
      View Details

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    Philip Fitzwater, Farmington, MO
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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.

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    Philip Fitzwater, Farmington, MO
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