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

    418 County Road 418 Hannibal, MO 63401

    View on Map
    Claim this Listing
    New
    For Sale
    $450,000

    Land - Hannibal, MO

    Lot size:
    27.20 Acres
    Added:
    Apr 21, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 22 at 5:06 am

    Property Features for 418 County Road 418

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Agricultural
    Exterior features
    Fencing
    Fencing
    Fenced
    Standard status
    Active
    APN
    011.08.33.0.00.009.060
    Lot size
    27.20 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    54

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jacob Buckman

    Listing agent Jacob Buckman License #2024008776

    Listing office Century 21 Broughton Team 3817 McMasters Ave., Suite 100, Hannibal, MO

    Listing date Apr 21, 2026

    MLS# 26024267 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

    27.2 Acres Prime Ground Hannibal

    This 27.2-acre property is located just off a blacktop road. Water and electric utilities are available at the road. The gently rolling terrain offers building locations and scenic views. Approximately 24 acres are tillable, providing income potential or flexibility for personal use. The property is fully fenced and located 2.5 miles from Hannibal Regional Hospital. It is located within the Hannibal School District, offering a combination of location, usability, and development potential. The property is positioned for a future build, whether planning a private residence or multiple home sites.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Building Supply Big Box & Wholesale Store Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Hannibal
    County
    Marion
    State
    Missouri
    Longitude
    -91.467669
    Latitude
    39.692707

    Nearby Similar for Sale

    • $599,000

      Restaurant Opportunity in Hannibal, MO

      4.1 acre property with 6360 SF building and outdoor amenities.
      211 Munger Lane, Hannibal, MO 63401
      View Details
    • $305,000
      6,216 SF

      Historic Downtown Hannibal Retail Building

      Retail building in historic downtown Hannibal, Missouri with recent renovations.
      221 N Main Street, Hannibal, MO 63401
      View Details
    • $309,000
      8,170 SF

      Hannibal Commercial Building on St. Mary's

      Well-maintained commercial building with office/retail space and ample parking.
      2903 Saint Marys Avenue, Hannibal, MO 63401
      View Details
    • $235,000
      2,590 SF

      Historic Prairie-Style Office/Residence

      Unique 1913 property with architectural charm and flexible space.
      1001 Center Street, Hannibal, MO 63401
      View Details
    • $154,000
      2,556 SF

      Downtown Hannibal Retail Opportunity

      Retail space near Mark Twain's Boyhood Home in downtown Hannibal.
      319 N Main Street, Hannibal, MO 63401
      View Details
    • $2,400,000
      9,021 SF

      Historic Landmark Estate and Venue

      36-acre Victorian estate with ties to Mark Twain.
      11069 New London Gravel Rd, Hannibal, MO 63401
      View Details
    • $465,000
      4,336 SF

      Updated Commercial Building with Billboard

      High-visibility commercial building with income potential in Hannibal, Missouri.
      1329 Broadway, Hannibal, MO 63401
      View Details
    • $1,750,000
      24,030 SF

      Versatile Building in Hannibal, MO

      24,030 SF building with flexible space and ample parking.
      3201 Palmyra Road, Hannibal, MO 63401
      View Details
    • $15,000

      Hannibal Vacant Commercial Lot

      0.208-acre vacant lot in convenient location with utilities available.
      408 Grand Avenue, Hannibal, MO 63401
      View Details
    • $299,000
      2,503 SF

      Broadway Bar N Grill For Sale

      Vibrant bar and grill with rental income potential.
      712 Broadway, Hannibal, MO 63401
      View Details
    • $875,000
      40,000 SF

      Hannibal Manufacturing/Warehouse Opportunity

      Industrial building suitable for manufacturing or warehousing with expansion potential.
      2250 Warren Barrett Drive, Hannibal, MO 63401
      View Details
    • $180,000

      Versatile 15-Acre Land Parcel

      15 acres of fields, timber, and a peaceful pond.
      53424 Trabue Lane, Hannibal, MO 63401
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Prime land near Hannibal with development potential and income opportunity.
    Where is this agricultural land / farmland located?
    The property is located at 418 County Road 418 Hannibal, MO.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: 27.2 acres of prime ground with water and electric available.; Approximately 24 acres of tillable ground for income potential or personal use.; **Excellent building locations with scenic views** due to gently rolling terrain.
    (573) 795-7075
    We can help!
    Listing Contact
    Jacob Buckman
    Real Estate License ID: 2024008776
    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!