Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    006 Highway Lebanon, MO 65536

    Sponsored
    For Sale
    $49,900

    No Home, 0 - 40 Acres No Home - Lebanon, MO

    Lot size:
    3.00 Acres
    Days on Market:
    14
    Last Refresh:
    Jan 25 at 2:06 am

    Property Features for 006 Highway

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    3.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Gerad Wombles

    eXp Realty LLC (816) 982-5990

    Listing agent Gerad Wombles (913) 451-6767

    Listing date Jan 12, 2026

    MLS# 102128 Listing URL

    Copyright © 2026 West Central Association 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.

    Learn more

    Property Insight Report

    Overview

    Recreational Land Near Bennett Spring

    This 3+/- acre recreational land is located approximately 3 miles from Bennett Spring State Park, offering a blend of natural beauty and convenience. Accessible from Highway 64, the property is suited for a dream home, weekend retreat, or investment. The land is suited for outdoor activities such as turkey hunting and flyfishing. Owner financing is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Convenience Store Pawn Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    Laclede
    State
    Missouri
    Longitude
    -92.745639
    Latitude
    37.825535

    Nearby Similar for Sale

    • $989,900
      0.25 Acres

      Historic Joe Knight Building

      Landmark building in downtown Lebanon, ready for diverse ventures.
      201 W Commercial St, Lebanon, MO 65536
      View Details
    • $244,900
      6,968 SF

      Versatile Mixed-Use Building in Lebanon

      Mixed-use property with income potential in downtown Lebanon, Missouri.
      200 W 2Nd St, Lebanon, MO 65536
      View Details
    • $550,000
      2,699 SF

      Lebanon, MO Investment Opportunity

      Gas station, convenience store, and campground near Bennett Springs State Park.
      11448 Highway 64, Lebanon, MO 65536
      View Details
    • $147,500
      1,440 SF

      Versatile Commercial Property Near Highway

      Commercial property suitable for various business opportunities near major highways.
      28961 Highway F, Lebanon, MO 65536
      View Details
    • $147,500
      0.47 Acres

      Versatile Commercial Property Near I-44

      Commercial property with high traffic, ideal for various business ventures.
      28961 Highway F, Lebanon, MO 65536
      View Details
    • $514,900
      3,150 SF

      Modern Craftsman Home on Wooded Acres

      Craftsman home on 20 wooded acres near Bennett Spring Park.
      13940 Industry Rd, Lebanon, MO 65536
      View Details
    • $165,000
      11.28 Acres

      11.28 Acres in Laclede County

      11.28 acres with pastureland, pond, Quonset hut, and barn.
      13075 Highway B, Lebanon, MO 65536
      View Details
    • New
      $2,999,900
      30,000 SF

      Established Business on Highway 5

      Turnkey business opportunity with showroom, storage, and established customer base.
      19850 Houston Rd, Lebanon, MO 65536
      View Details
    • $589,900
      12,600 SF

      Versatile Property in Lebanon, MO

      9-acre property with buildings suitable for warehousing, offices, manufacturing.
      30841 Old Highway 5, Lebanon, MO 65536
      View Details
    • $389,900
      3,770 SF

      Remodeled Retail Space on Route 66

      3770 SF retail building with parking and income potential.
      951 W Elm St, Lebanon, MO 65536
      View Details
    • $1,150,000
      1,776 SF

      Route 66 RV Park

      Premier RV park with cottages on historic Route 66.
      28820 Us Rte 66, Lebanon, MO 65536
      View Details
    • $850,000
      1,850 SF

      Lebanon Ranch with Equestrian Arena

      107-acre ranch featuring equestrian facilities and comfortable living.
      25675 Highway N, Lebanon, MO 65536
      View Details

    FAQs

    What type of property is this?
    Recreation land - 3+/- acres near Bennett Spring, a recreational paradise with potential.
    Where is this recreation land located?
    The property is located at 006 Highway Lebanon, MO.
    What is the asking price?
    The asking price for this property is $49,900.
    What are key features of this property?
    This property features: - 3+/- acres, just 3 miles from Bennett Spring State Park.; - Ideal for recreational use, including hunting and flyfishing.; - Easy access off Highway 64.
    (913) 451-6767
    Request Owner's contact information
    006 Highway Lebanon, MO 65536
    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.
    006 Highway
    Lebanon, MO 65536
    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
    006 Highway Lebanon, MO 65536
    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

    We can help!
    Listing Contact
    Gerad Wombles
    (913) 451-6767
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.