Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land in Troy, MO Title is generated by Realmo AI

    5 Seabiscuit Drive, Troy, MO 63379

    View on Map
    Claim this Listing
    For Sale
    $70,000

    Land - Troy, MO

    Lot size:
    3.00 Acres
    Added:
    Mar 21, 2026
    Days on Market:
    54
    Last Refresh:
    May 13 at 10:06 am

    Property Features for 5 Seabiscuit Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    088034000000002007
    Lot size
    3.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    314
    Expense value
    400
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Alexander Flynn

    Listing agent Alexander Flynn License #2020032316

    Listing office Black & Associates, LLC 541 East Cherry Street, Troy, MO

    Listing date Mar 21, 2026

    MLS# 26016290 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.

    HighLights

    • Backs to mature woods and a creek, providing natural privacy.
    • Water and electricity are available on site.
    • No time limit to build.
    • Suitable for building a custom home with buyer‑selected plans and builder.
    • Protective restrictions to maintain neighborhood standards.
    • Convenient access at the subdivision entrance and corner positioning.

    Overview

    This 3-acre residential lot in Troy, MO, is suitable for building a custom home with buyer-selected plans and builder. There is no time limit to build. Water and electricity are available on site. Protective restrictions are in place to maintain neighborhood standards. The property backs directly to mature woods and a creek, providing natural privacy and a wooded rear boundary. The lot is open with convenient access at the subdivision entrance and corner positioning for added visibility. Shouses and barndominiums are not permitted.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Auto Repair Shop Bar & Pub Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Lincoln
    State
    Missouri
    Longitude
    -91.010844
    Latitude
    39.05845

    Nearby Similar for Sale

    • $500,000
      5,178 SF

      Versatile Commercial Property in Troy, MO

      Well-maintained commercial property suitable for a variety of business uses.
      581 E Cherry Street, Troy, MO 63379
      View Details
    • $522,270

      Prime Commercial Land in Troy

      High-traffic commercial land for sale in Troy, Missouri.
      0 Turnbull Trail (1-3+/- Acres), Troy, MO 63379
      View Details
    • $522,270

      Prime Commercial Land in Troy

      High-visibility commercial land in Troy's thriving district, ideal for development.
      0 Turnbull Trail (1-3+/- Acres), Troy, MO 63379
      View Details
    • $115,000

      Land in High Traffic Location

      2.8 acre lot zoned C-1 in Troy, Missouri.
      810 Whitcomb Woods Drive, Troy, MO 63379
      View Details
    • $1,730,000

      Prime Commercial Land in Troy

      High-visibility commercial land in Troy's thriving district, ideal for development.
      0 Turnbull Trail (4-7+/- Acres), Troy, MO 63379
      View Details
    • $1,730,000

      Prime Commercial Land in Troy

      High-visibility commercial land in Troy's thriving commercial district.
      0 Turnbull Trail (4-7+/- Acres), Troy, MO 63379
      View Details
    • $580,000

      Troy Land Ready-to-Build Sites

      Commercial/industrial land for sale with exceptional road frontage.
      0 East Outer Road Hwy 61 (Multiple Industrial Lots), Troy, MO 63379
      View Details
    • $69,500

      Vacant Lot For Business

      0.52 acre vacant lot suitable for business purposes.
      0 N Lincoln Drive, Troy, MO 63379
      View Details
    • $580,000

      Troy, MO Commercial Land

      36 acres of commercial/industrial land ready to build.
      0 East Outer Road Hwy 61 (Multiple Industrial Lots), Troy, MO 63379
      View Details
    • $30,000

      Downtown Troy City Lot

      Unimproved city lot in downtown Troy, Missouri.
      0 Main Street, Troy, MO 63379
      View Details
    • $85,000

      Troy Airpark Residential Lot

      3.32 acre residential lot in Troy Airpark neighborhood.
      431 Piper Court, Troy, MO 63379
      View Details
    • $725,000

      Troy, MO Commercial/Industrial Land

      36+/- acres of land ready to build with road frontage.
      0 East Outer Road Hwy 61 (Multiple Industrial Lots), Troy, MO 63379
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 3-acre residential lot with utilities and wooded privacy.
    Where is this residential land & home lot located?
    The property is located at 5 Seabiscuit Drive Troy, MO.
    What is the asking price?
    The asking price for this property is $70,000.
    What are key features of this property?
    This property features: Backs to mature woods and a creek, providing natural privacy.; Water and electricity are available on site.; No time limit to build.
    (314) 280-1893
    We can help!
    Listing Contact
    Alexander Flynn
    Real Estate License ID: 2020032316
    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

    Thank You for Inquiry
    5 Seabiscuit Drive, Troy, MO 63379
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!