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

    28994 Round House Ave Lincoln, MO 65338

    Sponsored
    Picture of Land at Round House Ave 28994, Lincoln, MO
    For Sale
    $72,500

    LAND - Lincoln, MO

    Days on Market:
    286
    Last Refresh:
    Feb 9 at 3:06 am

    Property Features for 28994 Round House Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active

    We can help!

    Listing Contact
    Mitch Leonard

    Leonard Realty LLC DBA Central Realty (660) 882-3545

    Listing agent Mitch Leonard (660) 882-3545 License #2003003122

    Listing date Apr 30, 2025

    MLS# 25-155 Listing URL

    Copyright © 2025 Central Missouri Board of REALTORS. 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 Near Lake in Lincoln

    This land parcel is located in Lincoln, Missouri. It features a 12x24 pole barn and a 20x20 garage with a 28x12 lean-to. The property is situated on a paved road and is within walking distance of a lake. This setup is suitable for recreational vehicle use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Restaurant Real Estate Agency Bar & Pub Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Benton
    State
    Missouri
    Longitude
    -93.156711
    Latitude
    38.262449

    Nearby Similar for Sale

    • $700,000
      3.15 Acres

      Highway 65 Lodge-Style Motel

      22-room motel near Lake of the Ozarks and Truman Lake.
      23339 Highway 65, Lincoln, MO 65338
      View Details
    • $700,000
      3.15 Acres

      Highway 65 Lodge-Style Motel

      Motel near Lake of the Ozarks and Truman Lake.
      23339 Highway 65, Lincoln, MO 65338
      View Details
    • New
      $1,975,000
      3,500 SF

      Benton County Farm and Estate

      Secluded farm with updated home, outbuildings, lake, and equipment.
      23367 Highway H, Lincoln, MO 65338
      View Details
    • $299,500
      0.34 Acres

      Live-Work Property in Lincoln, MO

      Versatile commercial property with live-work potential in a desirable location.
      210 E Main St, Lincoln, MO 65338
      View Details
    • New
      $159,900

      Highway Commercial Property For Sale

      Commercial property on 65 Highway with excellent visibility and accessibility.
      214 N 65 Hwy, Lincoln, MO 65338
      View Details
    • $889,000

      Lakefront Resort with Income Potential

      Thriving lakeside resort with lodge, cabins, RV spaces, and boat slips.
      28795 Lake Loop, Lincoln, MO 65338
      View Details

    FAQs

    What type of property is this?
    Land - Land with pole barn and garage, walking distance to lake.
    Where is this land located?
    The property is located at 28994 Round House Ave Lincoln, MO.
    What is the asking price?
    The asking price for this property is $72,500.
    What are key features of this property?
    This property features: - RV-ready setup with **12x24 pole barn** and **20x20 garage with 28x12 lean-to**.; - Walking distance to lake.; - Located on a paved road.
    (660) 888-1679
    Request Owner's contact information
    28994 Round House Ave Lincoln, MO 65338
    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.
    28994 Round House Ave
    Lincoln, MO 65338
    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
    28994 Round House Ave Lincoln, MO 65338
    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
    Mitch Leonard
    Real Estate License ID: 2003003122
    (660) 888-1679
    Learn more
    Google sign-in failed. Please try again or use another login method.