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    17351 Highway NN Bowling Green, MO 63334

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    Claim this Listing
    For Sale
    $550,000

    Ranch, Farm - Bowling Green, MO

    Type:Farm
    Property size:
    1,440 SF
    Lot size:
    40.00 Acres
    Price / SF:
    $381/SF
    Added:
    Mar 13, 2026
    Days on Market:
    48
    Last Refresh:
    Apr 29 at 12:06 pm

    Property Features for 17351 Highway NN

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Bedrooms
    2
    Bathrooms
    2
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
    Parking features
    Garage
    Basement Y/N
    1
    Standard status
    Active
    APN
    13-08-27-000-000-030.000
    Size
    1,440 SF
    Lot size
    40.00 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    1000

    Utilities

    Heating system
    Forced Air, Propane (Heating)
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Year built
    1993
    Building materials
    Frame
    Roof type
    Shingle
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Caleb Brown

    Listing agent Caleb Brown License #2000150338

    Listing office Gateway Land and Home, LLC 101 N.Old Hwy 61, Eolia, MO

    Listing date Mar 13, 2026

    MLS# 25054947 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.

    Overview

    Secluded 40-Acre Homestead Gem

    This secluded 40-acre property is located just off a blacktop highway and features a tree-lined drive leading to the home site. The custom home, built in 1993, offers 1,440 square feet on the main floor with additional finished space in the basement. Recent updates include a newer HVAC system installed in 2022 and a roof replacement in 2020. A detached 3-car garage with electric and a concrete floor is included, along with a metal farm building suitable for storage. The property is bordered by timber and includes a large hay field of approximately 6 to 7 acres. The land offers opportunities for hunting deer and turkey. With good access to both electric and public water, the property has potential for additional homes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Butcher

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

    Location Insight

    • Map
    • Local Demand
    City
    Bowling Green
    County
    Pike
    State
    Missouri
    Longitude
    -91.112414
    Latitude
    39.334533

    Nearby Similar for Sale

    • $595,000
      4,170 SF

      Profitable Business Opportunity in Bowling Green

      Turn-key business with retail, banquet center, and gift shop.
      201 W Church Street, Bowling Green, MO 63334
      View Details
    • $649,000
      4,000 SF

      Bowling Green Farm with Commercial

      38-acre farm with Amish house, shop, barn, and commercial building.
      11116 Pike 466, Bowling Green, MO 63334
      View Details

    FAQs

    What type of property is this?
    Farm - Secluded 40-acre property with updated home and farm building.
    Where is this farm located?
    The property is located at 17351 Highway NN Bowling Green, MO.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: 40‑acre secluded property ideal for homesteading or farming.; Updated home with newer HVAC ('22) and roof ('20).; 3‑car detached garage with electric and concrete floor.
    (314) 603-8987
    We can help!
    Listing Contact
    Caleb Brown
    Real Estate License ID: 2000150338
    Learn More
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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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