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    677 State Highway AA Piedmont, MO 63957

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    For Sale
    Under Contract
    $425,000

    5 Family or More, Cabin,Modern - Piedmont, MO

    Property size:
    4,800 SF
    Lot size:
    19.60 Acres
    Price / SF:
    $88/SF
    Added:
    Apr 20, 2026
    Days on Market:
    18
    Last Refresh:
    May 7 at 11:06 am

    Property Features for 677 State Highway AA

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking
    16
    Parking features
    Off Street, Parking Lot
    Interior features
    Bar, Dining/Living Room Combo, Eat-in Kitchen, High Speed Internet, Kitchen/Dining Room Combo, Laminate Counters, Open Floorplan, Master Downstairs, Separate Shower, Shower, Storage
    Exterior features
    Secluded, Sloped, Steep Slope, Views, Balcony, Barbecue, Courtyard, Covered Courtyard, Fire Pit, Private Entrance, Private Yard, Rain Gutters, Storage
    Appliances
    Dryer, Ice Maker, Microwave, Range, Refrigerator
    Standard status
    Active Under Contract
    APN
    21-0.6-013-004-003-001.00000
    Size
    4,800 SF
    Lot size
    19.60 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    2660

    Utilities

    Heating system
    Ductless (Heating), Electric (Heating), Forced Air, Varies by Unit (Heating)
    Cooling system
    Central Air, Electric, Multi Units, Varies by Unit, Wall Unit(s)

    Building Details

    Year built
    2003
    Floors in Building
    2
    Flooring type
    Carpet, Laminate, Linoleum, Tile, Vinyl, Wood
    Building materials
    Attic/Crawl Hatchway(s) Insulated, Frame, Vinyl Siding
    Roof type
    Shingle
    Architectural style
    Modern
    Additional Structures
    Storage

    We can help!

    Listing Contact
    William Penrod

    Listing agent William Penrod License #2022045724

    Listing office Edge Realty 2511 Independence Suite 100, Cape Girardeau, MO

    Listing date Apr 20, 2026

    MLS# 25063941 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

    • Income‑producing hospitality property near Clearwater Lake and Marina.
    • Six individual units with kitchenettes suitable for various rental options.
    • Includes a fully equipped 2‑bedroom house ideal for owner/manager or premium rental.
    • Commercial space ready for reopening as a cafe, store, or dining hall.
    • Four basic, rustic cabins provide additional lodging.
    • Multiple amenities including laundry facilities, barbecue area, and fire pit.

    Overview

    Lodge & Cabins Near Clearwater

    Bluff View on the Hill is a hospitality property located near Clearwater Lake in Piedmont, Missouri. This income-producing property in the Ozarks is suitable for a lodge, resort, vacation rental hub, or family retreat. It features six individual units with kitchenettes, ideal for overnight guests, weekend renters, or extended stays. Additionally, there are four basic, rustic cabins. The property also includes a fully equipped, 2-bedroom, 1-bathroom house with a full kitchen and living space, suitable as an owner’s residence, manager’s quarters, or premium rental unit. A commercial space is ready for reopening as a cafe, bait shop, convenience store, or group dining hall, and includes a commercial kitchen area. Both public and private laundry areas are available on-site. The property size is 4800 square feet and the lot size is 19.6 acres.
    Location Intelligence

    Current Use by Public Records

    Campgrounds

    Map

    City
    Piedmont
    County
    Wayne
    State
    Missouri
    Longitude
    -90.7023
    Latitude
    37.1604

    Nearby Similar for Sale

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    • $59,900

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    • $425,000
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      Turn-Key Investment Property in Piedmont

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    • $336,000
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      Ozark Hills Farm Retreat

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    FAQs

    What type of property is this?
    Campground - Hospitality property with cabins, house, and commercial space near Clearwater Lake.
    Where is this campground located?
    The property is located at 677 State Highway AA Piedmont, MO.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Income‑producing hospitality property near Clearwater Lake and Marina.; Six individual units with kitchenettes suitable for various rental options.; **Includes a fully equipped 2‑bedroom house ideal for owner/manager or premium rental.**
    (573) 275-9120
    We can help!
    Listing Contact
    William Penrod
    Real Estate License ID: 2022045724
    Learn More
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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.

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