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    000 Florence St Princeton, MO 64673

    View on Map
    Sponsored
    For Sale
    $685,000

    Vacant Land - Princeton, MO

    Lot size:
    121.20 Acres
    Days on Market:
    14
    Last Refresh:
    Mar 8 at 5:06 am

    Property Features for 000 Florence St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Parking features
    Garage
    Lot size
    121.20 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jeff Propst

    Whitetail Properties Real Estate (217) 285-9000

    Listing agent Jeff Propst (217) 285-9000

    Listing date Feb 23, 2026

    MLS# 11618876 Listing URL

    Copyright © 2026 My State MLS. 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

    Mercer County Land with Income Potential

    This 121.2-acre surveyed property in Mercer County, Missouri, features productive farmland, hunting opportunities, and a potential build site. Approximately 62 acres consist of rolling upland tillable land currently in a corn-and-soybean rotation, offering income potential. An additional 4 acres are enrolled in CRP, providing guaranteed return and valuable habitat. The property also includes timbered draws, edge cover, established wildlife improvements, and new fencing along the entire West line. Recreational features include five new Banks blinds strategically placed overlooking green plots or standing grain. Custom water holes, two ponds, and cell cameras enhance the hunting experience. The area has a track record for whitetails and turkey hunting. A Land & Legacy habitat plan is in place to maximize holding capacity and hunting opportunities. The northeast corner offers a build site along Florence Street with power, rural water, and high-speed internet available, suitable for a home, cabin, or hunting lodge. This property offers tillable income, CRP, water, wildlife, habitat design, and hunting infrastructure.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Princeton
    County
    Mercer
    State
    Missouri
    Longitude
    -93.43465
    Latitude
    40.4152

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    FAQs

    What type of property is this?
    Farm - 121.2 acres in Mercer County, Missouri with income potential.
    Where is this farm located?
    The property is located at 000 Florence St Princeton, MO.
    What is the asking price?
    The asking price for this property is $685,000.
    What are key features of this property?
    This property features: - 62± acres of rolling upland tillable land currently in a corn-and-soybean rotation, providing strong annual income potential.; - Exceptional hunting property with a strong track record for trophy-class whitetails and turkey, featuring five new Banks blinds, custom water holes, two ponds, and included cell cameras.; - Beautiful build site in the northeast corner along Florence Street with available power, rural water, and high-speed internet.
    (636) 209-0362
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    000 Florence St Princeton, MO 64673
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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
    000 Florence St Princeton, MO 64673
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    We can help!
    Listing Contact
    Jeff Propst
    (636) 209-0362 (217) 285-9000
    Learn more
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