Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    320+ Acre Rural Paradise Title is generated by Realmo AI

    760 County Road 203, Annapolis, MO 63620

    View on Map
    Claim this Listing
    For Sale
    $1,050,000

    Farm, Cottage - Annapolis, MO

    Type:Farm
    Property size:
    1,900 SF
    Lot size:
    320.81 Acres
    Price / SF:
    $552/SF
    Added:
    Apr 13, 2026
    Days on Market:
    31
    Last Refresh:
    May 13 at 10:06 am

    Property Features for 760 County Road 203

    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
    Exterior features
    Level, Fencing, Rain Gutters, Storage
    Fencing
    Fenced
    Appliances
    Dishwasher, Range, Washer
    Standard status
    Active
    APN
    01-0.7-035-000-000-002.00000
    Size
    1,900 SF
    Lot size
    320.81 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    128

    Utilities

    Heating system
    Hot Water (Heating), Wood (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric

    Building Details

    Flooring type
    Carpet
    Building materials
    Wood Siding
    Roof type
    Asphalt
    Architectural style
    Cottage
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Michael Grasso
    Michael Grasso

    Listing agent Michael Grasso License #1999091049

    Listing office RE/MAX Results 16647 Chesterfield Grove #110, Saint Louis, MO

    Listing date Apr 13, 2026

    MLS# 26005700 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

    • 320+ acre property offering privacy and recreational opportunities
    • Main residence features 3 bedrooms and 2 full bathrooms
    • Large machine/automotive shop with space for 6‑8 vehicles and farm equipment
    • Two hunting cabins with electricity
    • Suitable for horses, livestock, self‑sustaining agriculture, and animal pasture
    • Proximity to Taum Sauk reserve/park for fishing and camping

    Overview

    This is a rare opportunity to acquire over 320 acres of rural land. The property features several usable structures, including a main residence with 3 bedrooms and 2 full bathrooms that is currently occupied. There are also 2 hunting cabins with electricity. A machine shop provides ample space to work on farm equipment, as well as cars and trucks, and can garage approximately 6-8 vehicles. The main clearing is large enough for several horses and other livestock. An additional clearing is suitable for self-sustaining agriculture or animal pasture and has an additional shelter for equipment and or livestock. The property offers hunting opportunities for deer, hog, and turkey. It is a short ATV ride to Taum Sauk reserve/park for fishing and camping. The sale includes 2 plots of land that equate to 320.81 acres. The main residence has 1900 square feet of living space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Annapolis
    County
    Iron
    State
    Missouri
    Longitude
    -90.804773
    Latitude
    37.501108

    Nearby Similar for Sale

    • $135,000
      3,400 SF

      Former Restaurant/Retail Opportunity

      Versatile commercial building suitable for restaurant or retail use.
      101 2nd Street, Annapolis, MO 63620
      View Details
    • $379,500
      7,607 SF

      Historic Facility with Modern Addition

      Large facility suitable for healthcare or daycare in Annapolis, MO.
      207 E. Front St., Annapolis, MO 63620
      View Details
    • $50,000

      Wooded Land in Hidden Valley Lakes

      3.2-acre wooded tract with utilities in Hidden Valley Lakes.
      1003 Hidden Valley Lakes, Annapolis, MO 63620
      View Details
    • $52,000

      Wooded Land Near Black River

      9-acre wooded lot near Black River with recreational opportunities.
      Lot Ee&ee(s) Hidden Valley Lakes, Annapolis, MO 63620
      View Details
    • $65,000

      Private Acreage Near Lakes

      Secluded 7.57 acres with utilities near Black River.
      1002 Hidden Valley Lake, Annapolis, MO 63620
      View Details

    FAQs

    What type of property is this?
    Farm - Farm with residence, hunting cabins, and automotive shop.
    Where is this farm located?
    The property is located at 760 County Road 203 Annapolis, MO.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: 320+ acre property offering privacy and recreational opportunities; Main residence features 3 bedrooms and 2 full bathrooms; Large machine/automotive shop with space for 6‑8 vehicles and farm equipment
    (314) 220-1617
    We can help!
    Listing Contact
    Michael Grasso
    Michael Grasso
    Real Estate License ID: 1999091049
    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
    760 County Road 203, Annapolis, MO 63620
    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!