Add Listing
    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

    31 Sunset Lane Steelville, MO 65565

    View on Map
    Claim this Listing
    For Sale
    $980,000

    Farm - Steelville, MO

    Type:Farm
    Property size:
    2,062 SF
    Lot size:
    132.00 Acres
    Added:
    Apr 6, 2026
    Days on Market:
    11
    Last Refresh:
    Apr 16 at 10:06 pm

    Property Features for 31 Sunset Lane

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Parking features
    Garage, Garage - Attached
    Exterior features
    Secluded, Views
    Appliances
    Cooktop, Cooktop - Electric, Dishwasher, Dryer, Garbage Disposer, Microwave, Refrigerator, Washer
    Standard status
    Active
    APN
    14-1.0-12-0-00-007.010
    Size
    2,062 SF
    Lot size
    132.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    783.92

    Utilities

    Heating system
    Electric (Heating), Radiant, Radiant Floor
    Cooling system
    Attic Fan, Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    2009
    Floors in Building
    1.5
    Building materials
    Steel Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Brenda Henty

    Listing agent Brenda Henty License #2022030293

    Listing office Whitaker Marketing Group 101 US Hwy 69, Ames, MO

    Listing date Apr 6, 2026

    MLS# 26001290 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

    132 Acre Ranch with Lake

    Lazy H Ranch is a 132-acre property located three miles south of Steelville, Missouri. The ranch features a mix of mature timber, open pasture, and trails. The property includes a stocked 2.5-acre lake with a dock, two additional ponds, and seasonal creeks. The property is abundant with wildlife and offers excellent deer hunting. A private drive ensures seclusion. The 2,062 square foot barndominium includes three bedrooms and two bathrooms with an open-concept floor plan. The home is 1.5 stories and includes an oversized garage suitable for equipment, recreational vehicles, or workshop space. The front porch expands the length of the house and offers views of the surrounding land. The property is located close to town conveniences. The ranch includes four parcels: 15-3.0-06-0-00-008.000; 15-3.0-06-0-00-008.010; 14-1.0-12-0-00-007.010; 15-3.0-07-0-00-003.000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Electronics & Wireless Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Steelville
    County
    Iron
    State
    Missouri
    Longitude
    -91.3022222
    Latitude
    37.9422222

    Nearby Similar for Sale

    • $685,000
      2,040 SF

      Turnkey Restaurant Business Opportunity

      Successful restaurant and property for sale in Steelville, Missouri.
      504 W Main Street, Steelville, MO 65565
      View Details
    • $80,000

      Storefront in Historic Steelville

      Storefront in growing downtown Steelville, supported and community-driven.
      305 Pine Street, Steelville, MO 65565
      View Details
    • $382,000
      2,304 SF

      Remodeled Apartment Buildings in Steelville

      Turn-key apartments with property management in place. Seven units total.
      302 N Spring St, Steelville, MO 65565
      View Details
    • $725,000
      3,658 SF

      Unique Rural Property with Income Potential

      Versatile 40-acre property with main home, suite, and cabin.
      98 Turkey Ridge Lane, Steelville, MO 65565
      View Details
    • $290,000

      Crawford County Farm Retreat

      48.5 acre farm bordering Mark Twain National Forest.
      600 Highway Y, Steelville, MO 65565
      View Details
    • $250,000
      3,600 SF

      Established Tire Shop Business Opportunity

      Turnkey tire shop business for sale in Steelville, Missouri.
      77 Mo-8 E, Steelville, MO 65565
      View Details
    • $685,000

      Dairy Isle & Grill Landmark

      Turnkey restaurant with strong sales and community roots.
      502w Main Street, Steelville, MO 65565
      View Details

    FAQs

    What type of property is this?
    Ranch - Private 132-acre ranch featuring a stocked lake and barndominium.
    Where is this ranch located?
    The property is located at 31 Sunset Lane Steelville, MO.
    What is the asking price?
    The asking price for this property is $980,000.
    What are key features of this property?
    This property features: 132 private acres with mature timber, open pasture, trails, and abundant wildlife.; Enjoy the **stocked 2.5‑acre lake with dock**, plus two additional ponds.; **3‑bedroom, 2‑bath barndominium** features an open‑concept floor plan and oversized garage.
    (314) 541-7279
    We can help!
    Listing Contact
    Brenda Henty
    Real Estate License ID: 2022030293
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!