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

    115 Summerset Dr De Soto, MO 63020

    Sponsored
    For Sale
    Contact for pricing

    Land - De Soto, MO

    Lot size:
    0.51 Acres
    Days on Market:
    66
    Last Refresh:
    Jan 22 at 10:06 am

    Property Features for 115 Summerset Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    APN
    24-5.0-22.0-1-003-004
    Lot size
    0.51 Acres

    Taxes and HOA fees

    Expense value
    338
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Victoria Conell
    Victoria Conell

    R Towne Real Estate, LLC (636) 671-7170 [email protected]

    Listing agent Victoria Conell (636) 671-7170 License #2018000946

    Listing date Nov 18, 2025

    MLS# 25034812 Listing URL

    Copyright © 2026 MARIS. 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

    Land in Summer Set Community

    This residential land is located in the Summer Set Lake Community. The community offers access to lakes and beaches. The lot size is 0.51 acres. It is located in De Soto, Jefferson County, Missouri.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    De Soto
    County
    St. Francois
    State
    Missouri
    Longitude
    -90.5675958
    Latitude
    38.0917359

    Nearby Similar for Sale

    • $950,000
      2,698 SF

      Spacious Ranch with Modern Comforts

      Custom-built home on 33 acres, ideal for country living.
      3700 State Road V, De Soto, MO 63020
      View Details
    • $850,000
      15,500 SF

      De Soto Retail Business Opportunity

      Own a business and a piece of history!
      400 S Main St, De Soto, MO 63020
      View Details
    • $115,000
      2,541 SF

      Established Tire Business with Real Estate

      Operating used tire business with real estate in De Soto.
      112 W Kelley St, De Soto, MO 63020
      View Details
    • $680,000
      0.34 Acres

      De Soto Investment Property Portfolio

      Eight-unit portfolio in growing rental market near schools and highways.
      206 Kronos Dr, De Soto, MO 63020
      View Details
    • $399,900
      3,739 SF

      De Soto Church Building on 5+ Acres

      Church building with spacious sanctuary and high-visibility location.
      4041 Maple Downs Ct, De Soto, MO 63020
      View Details
    • $699,900
      67.94 Acres

      De Soto Farm with Highway Frontage

      68-acre farm near De Soto with highway and county road frontage.
      State Route 21, De Soto, MO 63020
      View Details
    • $116,000
      Pending

      De Soto Farm Land

      46+/- acre farm property in De Soto, Missouri.
      3361 State Road V, De Soto, MO 63087
      View Details
    • $319,900
      3.50 Acres

      Commercial Land with Pole Barn

      3.5 acres of commercial land with automotive shop potential.
      13659 Klondike Dr, De Soto, MO 63020
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land in Summer Set Lake Community.
    Where is this residential land & home lot located?
    The property is located at 115 Summerset Dr De Soto, MO.
    What is the asking price?
    The asking price for this property is $6,500.
    What are key features of this property?
    This property features: - Located in the Summer Set Lake Community; - Access to shimmering lakes; - Access to sandy beaches
    (314) 565-7869
    Request Owner's contact information
    115 Summerset Dr De Soto, MO 63020
    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.
    115 Summerset Dr
    De Soto, MO 63020
    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
    115 Summerset Dr De Soto, MO 63020
    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
    Victoria Conell
    Victoria Conell
    Real Estate License ID: 2018000946
    (314) 565-7869
    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.