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    28 Monroe Hills Ln Linn, MO 65051

    View on Map
    Sponsored
    Pending
    $579,900

    Farm - Linn, MO

    Type:Farm
    Property size:
    1,600 SF
    Lot size:
    88.00 Acres
    Days on Market:
    10
    Last Refresh:
    Mar 14 at 4:06 pm

    Property Features for 28 Monroe Hills Ln

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Pending
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    Bathrooms
    2
    APN
    10702500000000600
    Fireplace
    1
    Size
    1,600 SF
    Lot size
    88.00 Acres

    Utilities

    Heating system
    Fireplace(s), Forced Air
    Cooling system
    Central Air
    Water front features
    Pond, River Access

    Building Details

    Year built
    1980
    Building materials
    Vinyl Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Dewayne Sprenger

    Mossy Oak Properties - Central Missouri Land & Homes, LLC (573) 690-3683

    Listing agent Dewayne Sprenger (573) 635-3544 License #1999102877

    Listing date Mar 4, 2026

    MLS# 26004576 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.

    Learn more

    Property Insight Report

    Overview

    Linn Farm with Acreage

    Located just east of Linn, this property features 88 deeded acres, with approximately 25 acres open. The land includes two ponds and two wells. There is a 24'x34' detached garage, a 30'x30' horse barn with stall, a 3 bay machine shed (36'x 13') and a 20'x40' shed. Trails lead to deer stands on the southeastern part of the farm. The property has approximately 4/10 of a mile of county road frontage and is located 2.5 miles from Pointer's Creek Gasconade river access. The property includes a 1600 square foot modular home with 3 beds and 2 baths, and a 16'x76' mobile home. Additionally, there is an original homestead built in the 1950's. The seller desires to sell "AS-IS". There are two easements, one on the south end (Laffoon Lane) and another on the north end, just north of Monroe Hills. The property is located minutes from State Tech and Linn schools, and 1.5 miles of gravel off Hwy 50.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Linn
    County
    Osage
    State
    Missouri
    Longitude
    -91.75699454
    Latitude
    38.44777424

    Nearby Similar for Sale

    • $1,700,000
      82,072 SF

      Linn, MO Commercial Building

      82000+ sq ft commercial building ready for your business venture.
      209 W Main St, Linn, MO 65051
      View Details
    • New
      $259,000
      850 SF

      Linn MO Farm with Home

      19 acre farm with a home and mobile home.
      4727 Highway 50, Linn, MO 65051
      View Details

    FAQs

    What type of property is this?
    Farm - Farm with modular home, mobile home, and outbuildings near Linn.
    Where is this farm located?
    The property is located at 28 Monroe Hills Ln Linn, MO.
    What is the asking price?
    The asking price for this property is $579,900.
    What are key features of this property?
    This property features: - 88 deeded acres featuring approximately 25 open acres, two ponds, and two wells.; - Multiple outbuildings including a 24'x34' detached garage and a 30'x30' horse barn.; - Excellent hunting opportunities with established deer stands.
    (573) 635-3544
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    28 Monroe Hills Ln Linn, MO 65051
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    Linn, MO 65051
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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
    28 Monroe Hills Ln Linn, MO 65051
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    We can help!
    Listing Contact
    Dewayne Sprenger
    Real Estate License ID: 1999102877
    (573) 635-3544 (573) 690-3683
    Learn more
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