Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Lot Near Highway 135 Title is generated by Realmo AI

    8272 Spirit Lane, Gravois Mills, MO 65037

    View on Map
    Claim this Listing
    For Sale
    $32,900

    Cross Property - Gravois Mills, MO

    Lot size:
    4.50 Acres
    Added:
    Mar 11, 2026
    Days on Market:
    78
    Last Refresh:
    May 27 at 7:06 am

    Property Features for 8272 Spirit Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Driveway
    Standard status
    Active
    APN
    168028000001056000
    Lot size
    4.50 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    33

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Richard Mangold

    Listing agent Richard Mangold

    Listing office Weichert, Realtors® - Laurie Realty 304 N. Main St., Laurie, MO

    Listing date Mar 11, 2026

    MLS# 3580710 Listing URL

    Copyright © 2026 Lake of the Ozarks Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large 4.5 acre lot, ideal for building a new home.
    • Potential to combine with adjoining 5.35 acre plot, creating an even larger property.
    • Drilled well on adjoining plot provides a water source if combined.
    • Convenient location just off Hwy 135, approximately 8.5 miles north of Laurie.
    • Electric service line runs along Spirit Lane, simplifying utility connection.
    • Existing driveway for easier access.

    Overview

    This 4.5-acre lot is located just off Highway 135, approximately 8.5 miles north of Laurie, in Gravois Mills, MO. The property is positioned as suitable for building a new home. An electric service line runs along Spirit Lane. An adjacent 5.35-acre plot to the south, owned by the same seller, features a drilled well and could potentially be combined with this lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Gravois Mills
    County
    Morgan
    State
    Missouri
    Longitude
    -92.8965
    Latitude
    38.2848

    Nearby Similar for Sale

    • $455,000
      3,000 SF

      Highway Frontage Commercial Building

      3,000 sq ft commercial building with Highway 5 frontage.
      102 Brook Lane, Gravois Mills, MO 65037
      View Details
    • $455,000
      3,000 SF

      Commercial Building on Busy Corridor

      High-visibility commercial building with income potential in Laurie, Missouri.
      102 Brook Lane, Gravois Mills, MO 65037
      View Details
    • $235,000
      1,464 SF

      Restaurant Ready in Gravois Mills

      Commercial property suited for a restaurant near Lake of the Ozarks.
      25708 Hwy 5, Gravois Mills, MO 65037
      View Details
    • $714,900

      Storage Units in Gravois Mills

      Storage units for sale in Gravois Mills, Missouri.
      14745 Highway P, Gravois Mills, MO 65037
      View Details
    • $1,495,000
      24,000 SF

      Commercial Property in Laurie Heart

      10.68 acres with cinema, retail, and restaurant spaces.
      1651 Highway O, Gravois Mills, MO 65037
      View Details
    • $99,000
      20,000 SF

      Spacious Multi-Level Warehouse Opportunity

      20,000+ sq ft warehouse with versatile space and potential.
      105 Troutdale Rd, Gravois Mills, MO 65037
      View Details
    • $235,000
      1,464 SF

      Restaurant Ready in Gravois Mills

      Commercial property suited for a restaurant near Lake of the Ozarks.
      25708 Hwy 5, Gravois Mills, MO 65037
      View Details
    • $297,000
      704 SF

      Recreational Land with "Mancave" Building

      45 acres with a partially finished metal building.
      12907 Montana Road, Gravois Mills, MO 65037
      View Details
    • $297,000
      1,600 SF

      Recreational Land with "Mancave"

      45 acres with partially finished living space and garage.
      12907 Montana Road, Gravois Mills, MO 65037
      View Details
    • $44,500

      Ready-to-Build Lot Overlooking Pond

      Nearly half-acre lot ready for construction with essential infrastructure.
      126 Indian Rock Avenue, Gravois Mills, MO 65037
      View Details
    • $99,900

      Highway Frontage Land in Laurie

      3-acre commercial land with utilities in booming Laurie, Missouri.
      Hwy O, Gravois Mills, MO 65037
      View Details
    • $79,500

      Gravois Mills Land Opportunity

      6.3 acres near Laurie, ideal for home or cabin.
      Lots 4 & 5 South Buck Creek Road, Gravois Mills, MO 65037
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 4.5 acre lot suitable for building a dream home.
    Where is this residential land & home lot located?
    The property is located at 8272 Spirit Lane Gravois Mills, MO.
    What is the asking price?
    The asking price for this property is $32,900.
    What are key features of this property?
    This property features: Large 4.5 acre lot, ideal for building a new home.; Potential to combine with adjoining 5.35 acre plot, creating an even larger property.; Drilled well on adjoining plot provides a water source if combined.
    (402) 669-0189
    We can help!
    Listing Contact
    Richard Mangold
    Real Estate License ID: 2025007907
    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
    8272 Spirit Lane, Gravois Mills, MO 65037
    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!