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    2902 Clay St De Soto, MO 63020

    Sponsored
    For Sale
    $530,000

    5 Family or More, Low/1-2 - De Soto, MO

    Lot size:
    10.24 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 23 at 7:06 am

    Property Features for 2902 Clay St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    23-8.0-28.0-0-000-019
    Parking features
    Driveway, Off Street
    Lot size
    10.24 Acres

    Utilities

    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Year built
    1940
    Number of units
    14
    Building materials
    Aluminum Siding, Block, Frame, Steel Siding, Vinyl Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Tammy Derrigan
    Tammy Derrigan

    Worth Clark, Inc. (800) 991-6092

    Listing agent Tammy Derrigan (314) 222-0065 License #2016008170

    Listing date Feb 22, 2026

    MLS# 26009958 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

    De Soto Multi-Unit Investment Property

    Located approximately 45 miles south of St. Louis in De Soto, Missouri, Caesar's Country Acres is an all-age community situated on 10.24 acres. The property comprises two tax parcels and features 14 income-producing units, including 4 cottages, 8 park-owned mobile homes, and 2 pad rentals with tenant-owned mobile homes. Outbuildings include a 40x30 storage barn with a 16x8 garage door and three storage sheds. The property is served by a well system and a wastewater stabilization lagoon system. The lagoon, located at the rear of the property, is a septic 3-cell treatment plant that is tested quarterly. The zoning is R-40. Potential value-add opportunities include raising lot rents, selling park-owned homes to tenants to lower operating costs, improving insurance costs, renting the garage as secured storage, renting the unused sheds, updating unrenovated units, and expansion. There is potential for 26 additional pads, and utilities are already sized accordingly. The park-owned mobile homes are taxed as personal property. Occupancy rates are high, retention is strong, and unit turns are short. Many of the older homes have been newly renovated and are in good shape. The city is known as “Fountain City” because of the numerous artesian wells. Union Pacific Railroad, Wal-Mart and De Soto SD are the largest employers.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Building Supply Hotel & Motel HVAC Service

    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
    -90.4707542
    Latitude
    38.06134625

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    FAQs

    What type of property is this?
    Mobile home & RV park - All-age community with 14 income-producing units on 10.24 acres.
    Where is this mobile home & rv park located?
    The property is located at 2902 Clay St De Soto, MO.
    What is the asking price?
    The asking price for this property is $530,000.
    What are key features of this property?
    This property features: - High Cap Rate: Boasting a 12.02% cap rate based on a current NOI of $63,739.; - Income Producing: 14 units generating $8920 monthly rent with strong occupancy and retention.; - Value-Add Potential: Increase income through rent increases, selling park-owned homes, renting storage, and renovating units.
    (314) 518-4347
    Request Owner's contact information
    2902 Clay St De Soto, MO 63020
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    De Soto, MO 63020
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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
    2902 Clay St De Soto, MO 63020
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    We can help!
    Listing Contact
    Tammy Derrigan
    Tammy Derrigan
    Real Estate License ID: 2016008170
    (314) 518-4347 (314) 222-0065
    Learn more
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