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    15556 Slab Spring Dr Licking, MO 65442

    View on Map
    Sponsored
    For Sale
    $1,250,000

    Ranch, Farm - Licking, MO

    Type:Farm
    Property size:
    2,534 SF
    Lot size:
    168.47 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 5 at 9:06 pm

    Property Features for 15556 Slab Spring Dr

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Great Room, Kitchen
    Bedrooms
    3
    Bathrooms
    3
    APN
    03-0.6-14-000-000-009
    Parking features
    Garage, Garage - Attached
    Interior features
    Bookcases, Breakfast Bar, Ceiling Fan(s), Dining/Living Room Combo, Double Vanity, Entrance Foyer, High Speed Internet, Storage, Tub, Walk-in Closet(s), Wet Bar
    Exterior features
    Rolling Slope, Secluded, Views, Fencing, Basketball Court, Fire Pit, Lighting
    Fencing
    Fenced
    Fireplace
    1
    Basement Y/N
    1
    Appliances
    Dishwasher, Washer
    Size
    2,534 SF
    Lot size
    168.47 Acres

    Utilities

    Heating system
    Ceiling, Electric (Heating), Fireplace(s), Forced Air, Radiant, Radiant Ceiling, Wood (Heating)
    Cooling system
    Attic Fan, Ceiling Fan(s), Central Air, Electric

    Building Details

    Year built
    1981
    Floors in Building
    1
    Flooring type
    Carpet, Linoleum, Vinyl
    Building materials
    Cedar, Frame, Vertical Siding
    Roof type
    Shingle
    Architectural style
    Ranch

    We can help!

    Listing Contact
    April Cline

    Premiere Real Estate LLC. (636) 677-6800

    Listing agent April Cline (636) 271-5555 License #2018025269

    Listing date Mar 4, 2026

    MLS# 26012318 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

    Licking, MO Ranch and Farm

    This 168.47-acre property features a 2,534 square foot (approximate) home with 3 bedrooms and 3 bathrooms. The residence includes a spacious great room and sunroom, with a lower level offering additional space suitable for a game room, craft room, or storage. The home includes a Victor wood heat source and radiant ceiling heat. A fireplace is ducted into the sunroom, primary bathroom and the mud room. The property also features a nearly 3,000 square foot barn with two stalls that can hold four horses, a workshop, an apple tree, a grape arbor, tame blackberries, an asparagus bed, a newly planted cherry tree, and a gooseberry shrub. There are three ponds and drivable trails throughout the property, which borders 770 acres of US Forestry land. The land includes fertilized acres of hay-producing pastures and wooded areas. Two 3-sided sheds are present, one stocked with firewood. The home has a fresh roof (with tear off) planned in 2025 and a new AC unit installed in 2024. Additional features include high-speed internet, an oversized 2-door 2-car garage with a closet and attic access, and central vacuum. The property includes a Yancy Mill millstone. The property is located in Licking, MO.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Licking
    County
    Texas
    State
    Missouri
    Longitude
    -91.995071
    Latitude
    37.56892247

    Nearby Similar for Sale

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    • $525,000
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    FAQs

    What type of property is this?
    Farm - 168-acre ranch with updated home, barn, and abundant amenities.
    Where is this farm located?
    The property is located at 15556 Slab Spring Dr Licking, MO.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: - 168+/- acres of land with diverse features including rolling fields, woods, 3 ponds, pasture, and drivable trails.; - Nearly 3000sf barn with workshop and 2 horse stalls (holds 4 horses).; - Home features fresh roof (w/ tear off) in 2025, new AC unit in 2024, Victor wood heat source, radiant ceiling heat, and fireplace ducted into multiple rooms.
    (314) 852-8949
    Request Owner's contact information
    15556 Slab Spring Dr Licking, MO 65442
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    Licking, MO 65442
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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
    15556 Slab Spring Dr Licking, MO 65442
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    We can help!
    Listing Contact
    April Cline
    Real Estate License ID: 2018025269
    (314) 852-8949 (636) 271-5555
    Learn more
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