Add Listing
    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

    TBD 1 State Hwy 242 Lake Ozark, MO 65049

    View on Map
    For Sale
    $400,000

    LAND - Lake Ozark, MO

    Lot size:
    12.65 Acres
    Added:
    Sep 16, 2025
    Days on Market:
    203
    Last Refresh:
    Apr 6 at 1:06 am

    Property Features for TBD 1 State Hwy 242

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Driveway
    Standard status
    Active
    APN
    129032002002001000
    Lot size
    12.65 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Part of 129032002002001000 in Miller County MO. Approximately 12 acres to be surveyed off per drawing. Taxes to be determined, exact legal to govern.
    Tax Annual Amount
    2500

    We can help!

    Listing Contact
    MATTHEW JAMES SCHRIMPF

    Listing agent MATTHEW JAMES SCHRIMPF License #2002032212

    Listing office BHHS Lake Ozark Realty 101 Crossings West Drive Suite 202, Lake Ozark, MO

    Listing date Sep 16, 2025

    MLS# 3580512

    Copyright © 2025 Lake of the Ozarks Board 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.

    Overview

    Commercial Land on Highway 242

    This commercial land listing features over 12 acres with 1100 feet of frontage on Highway 242. Zoned for commercial activity, the property is positioned for various development opportunities. The location and visibility offer potential for creating multiple pad sites with direct access from the highway. The site is near water and sewer services and is conveniently located to the amenities of Lake Ozark. The property is located in an area with planned development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Lake Ozark
    County
    Camden
    State
    Missouri
    Longitude
    -92.6582
    Latitude
    38.2106

    Nearby Similar for Sale

    • $699,900
      2,618 SF

      Lake Ozark Waterfront Investment Property

      Versatile 4-unit property on the water, updated in 2025.
      1111 Ginger Road, Lake Ozark, MO 65049
      View Details
    • $427,500

      Lake Ozark Development Opportunity

      5-acre parcel near Aquatic Center and Cove Golf Course.
      Horseshoe Bend Parkway, Lake Ozark, MO 65049
      View Details
    • $1,999,900
      3,824 SF

      Lake Ozark Commercial Lakefront Property

      Prime commercial real estate with lake views and development potential.
      2380,2400 and 2404 Bagnell Dam Boulevard, Lake Ozark, MO 65049
      View Details
    • $4,750,000

      Lake Ozark Mixed-Use Waterfront Land

      Prime 8-acre mixed-use property with lake frontage in Lake Ozark.
      Bagnell Dam Boulevard, Lake Ozark, MO 65049
      View Details
    • $357,000

      Waterfront Condo Investment Opportunity

      Turnkey condo ideal for short-term rental income or lake getaways.
      31 Falls Drive, Lake Ozark, MO 65049
      View Details
    • $250,000

      Lake Ozark Land Opportunity

      3.1 acres with lake views near Bagnell Dam Strip.
      Horseshoe Bend Pkwy, Lake Ozark, MO 65049
      View Details
    • $3,999,000
      29,369 SF

      Lake Ozark Premier Office Building

      Iconic office building with lake and highway frontage.
      2140 Bagnell Dam Boulevard, Lake Ozark, MO 65049
      View Details
    • $465,000

      Lake Ozark Development Opportunity

      3.1-acre tract suitable for development in Lake Ozark, MO.
      153 S Fish Haven Road, Lake Ozark, MO 65049
      View Details
    • $675,000

      Lake Ozark Development Opportunity

      Nine lots for development in desirable Lake Ozark location.
      Pebble Beach Lane, Lake Ozark, MO 65049
      View Details
    • $45,000

      Lake Ozark Building Lot

      0.35-acre lot near Lake attractions, restaurants, and golf.
      27 Regency Cove Drive, Lake Ozark, MO 65049
      View Details
    • $500,000

      Lake Ozark Development Opportunity

      5.3-acre parcel on Horseshoe Bend Parkway, Lake Ozark, MO.
      HH and Carol Road, Lake Ozark, MO 65049
      View Details
    • $55,000

      Lake Ozark Land Opportunity

      1.9+/- acre property near Lake of the Ozarks.
      Timber Road, Lake Ozark, MO 65049
      View Details

    FAQs

    What type of property is this?
    Commercial land - 12+ acres with highway frontage, ideal for commercial development.
    Where is this commercial land located?
    The property is located at TBD 1 State Hwy 242 Lake Ozark, MO.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: Over 12 acres of land, offering ample space for development.; Benefit from **1100 feet of Hwy 242 frontage**, ensuring excellent visibility.; Zoned for commercial activity, opening doors to various business ventures.
    (573) 434-6026
    We can help!
    Listing Contact
    MATTHEW JAMES SCHRIMPF
    Real Estate License ID: 2002032212
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!