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    29694 E B Hwy Sheldon, MO 64784

    Sponsored
    For Sale
    $925,000

    Farm/Estate - Sheldon, MO

    Type:Farm
    Property size:
    2,200 SF
    Lot size:
    97.50 Acres
    Days on Market:
    157
    Last Refresh:
    Jan 22 at 12:06 am

    Property Features for 29694 E B Hwy

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Bedrooms
    3
    Bathrooms
    2
    Parking features
    Carport, Garage
    Fireplace
    1
    Size
    2,200 SF
    Lot size
    97.50 Acres

    Utilities

    Heating system
    Fireplace(s)
    Water front features
    Wflake, Waterfront
    Water front
    1

    Building Details

    Year built
    2024
    Year renovated
    2024
    Floors in Building
    1
    Architectural style
    Other

    We can help!

    Listing Contact
    Brock W. Utecht

    Whitetail Properties Real Estate (217) 285-9000

    Listing agent Brock W. Utecht (217) 285-9000

    Listing date Aug 19, 2025

    MLS# 11510814 Listing URL

    Copyright © 2026 My State MLS. 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

    Recreational Property with Private Lake

    This recreational property, known as Divine Lake, spans 97.5 acres and features an 8-acre private lake stocked with bass, brim, and crappie. Overlooking the lake is a 2,200+ square foot home, built in 2024, featuring 3 bedrooms and 2 bathrooms in a split floor plan. The home includes an open living concept and an expansive master suite, with appliances and furnishings included in the sale. Interior details include granite countertops and walnut finished cabinets and trim. A wood-burning fireplace provides warmth during cooler months. The property includes a Redneck Hunting Blind overlooking a 3+ acre food plot, suitable for wildlife observation and hunting. The area supports a population of whitetail deer and wild turkeys. Habitat improvement efforts have focused on native grasses and forages to enhance the environment for quail and small game. The property also features wild black raspberry, elderberry, prickly pear, and multiple varieties of edible mushrooms. A shop on the property includes a walk-in cooler and game processing room, with spray foam insulation throughout. Overhead storage in the shop could be converted into a bunkhouse. The shop has rural water hookup and its own septic system. The property is located in Sheldon, MO.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Pawn Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Sheldon
    County
    Vernon
    State
    Missouri
    Longitude
    -94.292725
    Latitude
    37.658099

    Nearby Similar for Sale

    • $1,200,000
      10.00 Acres

      Landmark Property with Commercial Value

      Commercial, recreational, and investment property easily accessible from I-49.
      18400 Highway B E, Sheldon, MO 64784
      View Details

    FAQs

    What type of property is this?
    Farm - 97.5-acre recreational property featuring a private lake and modern home.
    Where is this farm located?
    The property is located at 29694 E B Hwy Sheldon, MO.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: - Enjoy your own **private 8-acre lake** stocked with bass, brim, and crappie.; - **Newly built (2024) 2200+ sq ft home** featuring 3 bedrooms and 2 bathrooms.; - Includes appliances, furnishings, and a hunting blind for immediate enjoyment.
    (417) 766-5595
    Request Owner's contact information
    29694 E B Hwy Sheldon, MO 64784
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    Sheldon, MO 64784
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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
    29694 E B Hwy Sheldon, MO 64784
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    We can help!
    Listing Contact
    Brock W. Utecht
    (417) 766-5595
    Learn more
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