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    Bismarck Ranch with Open Pasture Title is generated by Realmo AI

    10399 Gibson Road, Bismarck, MO 63624

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    For Sale
    Under Contract
    $449,900

    Ranch, Farm - Bismarck, MO

    Type:Farm
    Property size:
    3,056 SF
    Lot size:
    30.00 Acres
    Price / SF:
    $147/SF
    Added:
    Apr 24, 2026
    Days on Market:
    34
    Last Refresh:
    May 27 at 7:06 am

    Property Features for 10399 Gibson Road

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Parking features
    Garage, Garage - Attached
    Exterior features
    Fencing
    Fencing
    Fenced
    Basement Y/N
    1
    Appliances
    Dishwasher, Microwave, Refrigerator, Washer
    Standard status
    Active Under Contract
    APN
    21-7.0-025-000-000-007.04000
    Size
    3,056 SF
    Lot size
    30.00 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    1468

    Utilities

    Heating system
    Electric (Heating), Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1996
    Floors in Building
    1
    Flooring type
    Carpet, Vinyl
    Building materials
    Frame, Vinyl Siding
    Roof type
    Shingle
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Philip Fitzwater
    Philip Fitzwater

    Listing agent Philip Fitzwater License #2013008849

    Listing office Keller Williams Realty Platinum 124 W. Pine St., Kirkwood, MO

    Listing date Apr 24, 2026

    MLS# 26008224 Listing URL

    Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 30 acres of land, mostly open pasture, suitable for horses or hobby farming.
    • 35x50 barn with four horse stalls and a 15x50 lean‑to.
    • Ranch‑style home featuring 3 bedrooms and 3 full bathrooms, with attached two‑car garage.
    • Partially finished walk‑out basement includes family room with wood stove, additional bedroom, and full bathroom.
    • Enjoy panoramic pond views from the large covered deck.
    • Located in the desirable West County School District.

    Overview

    Nestled on 30 acres of mostly open pasture, this ranch-style home offers comfort, functionality, and views. The property includes a pond and a 35x50 barn, equipped with four horse stalls and a 15x50 lean-to, suitable for horses or hobby farming. The land is partially fenced. An old foundation, measuring approximately 3,400 square feet, offers potential for future building or storage. The home, situated atop a hill, provides views from a large covered deck off the living room. An additional deck is located off the laundry room. The main level features 3 bedrooms, 2 full bathrooms, and an attached two-car garage. The full walk-out basement is partially finished and includes a family room with a wood stove, an additional bedroom, and a full bathroom. The property is located in the West County School District and offers privacy and possibilities. The property is suitable as a working farm, horse property, or country retreat.
    Property Profile Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bismarck
    County
    St. Francois
    State
    Missouri
    Longitude
    -90.653017
    Latitude
    37.801151

    FAQs

    What type of property is this?
    Farm - Ranch home on 30 acres with pond and barn.
    Where is this farm located?
    The property is located at 10399 Gibson Road Bismarck, MO.
    What is the asking price?
    The asking price for this property is $449,900.
    What are key features of this property?
    This property features: 30 acres of land, mostly open pasture, suitable for horses or hobby farming.; 35x50 barn with four horse stalls and a 15x50 lean‑to.; Ranch‑style home featuring 3 bedrooms and 3 full bathrooms, with attached two‑car garage.
    (573) 701-2596
    We can help!
    Listing Contact
    Philip Fitzwater
    Philip Fitzwater
    Real Estate License ID: 2013008849
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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
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