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    002 Lusk Rd Golconda, IL 62938

    View on Map
    Sponsored
    For Sale
    $55,750

    Vacant Land - Golconda, IL

    Lot size:
    4.46 Acres
    Days on Market:
    11
    Last Refresh:
    Mar 15 at 7:06 am

    Property Features for 002 Lusk Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    06-1-05-028-014
    Parking features
    Garage
    Lot size
    4.46 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Tonya Hughes

    Hunt and Farm Realty (618) 559-2967

    Listing agent Tonya Hughes (618) 559-2967

    Listing date Mar 4, 2026

    MLS# 11629861 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

    Equestrian Land Near Shawnee Forest

    Located in Southern Illinois, within Pope County's woodlands and fields, this 4.462-acre tract offers a unique opportunity deeply connected to equestrian history. For over half a century, the parcel has been associated with the annual "Nine Day Trail Ride," transforming the area into a community of horse enthusiasts. The land, surveyed and ready for development, features a blend of wooded and open space, suitable for a private horse camp or retreat. The diverse terrain allows for a rustic cabin or spacious paddocks. A gravel road provides access, and electric lines are available. The property has served as a meeting place and gateway to the Shawnee National Forest. The Shawnee National Forest spans nearly 300,000 acres with diverse hills, canyons, and lakes. The land is suited for development as a private horse camp or family getaway. The open area is ideal for paddocks, a riding ring, or gathering spaces, while the wooded sections offer shade and habitat. Electric access and a gravel road facilitate logistics. This parcel offers potential for riders, outdoor enthusiasts, or those seeking a unique investment. The land allows for building, camping, or preserving a piece of history. This property presents the opportunity to own a piece of the iconic Nine Day Trail Ride in Pope County, Illinois.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Golconda
    County
    Pope
    State
    Illinois
    Longitude
    -88.462816
    Latitude
    37.502872

    Nearby Similar for Sale

    • $359,000
      52.45 Acres

      Pope County Land Parcel

      52+ acre parcel with engineered steel building near Shawnee.
      39 Bushwack Rd, Golconda, IL 62938
      View Details

    FAQs

    What type of property is this?
    Horse & equestrian property - 4.46-acre tract steeped in equestrian history near Shawnee National Forest.
    Where is this horse & equestrian property located?
    The property is located at 002 Lusk Rd Golconda, IL.
    What is the asking price?
    The asking price for this property is $55,750.
    What are key features of this property?
    This property features: - Part of the legendary "Nine Day Trail Ride" history and tradition.; - **4.462-acre tract ideal for a private horse camp or retreat.**; - Located near One Horse Gap Lake and the Shawnee National Forest, offering access to scenic trails.
    (618) 559-2967
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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
    002 Lusk Rd Golconda, IL 62938
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    Listing Contact
    Tonya Hughes
    (618) 559-2967
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