Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    85 Barnicle Chapel Rd Steelville, MO 65565

    Sponsored
    For Sale
    $439,900

    Farm - Steelville, MO

    Type:Farm
    Property size:
    2,535 SF
    Lot size:
    49.50 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 4 at 10:06 am

    Property Features for 85 Barnicle Chapel Rd

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Basement
    APN
    13-5.0-15-0-00-002.000
    Fireplace
    1
    Basement Y/N
    1
    Size
    2,535 SF
    Lot size
    49.50 Acres

    Utilities

    Heating system
    Fireplace(s), Wood (Heating)

    Building Details

    Year built
    2005
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Phil Reid
    Phil Reid

    Westbound Real Estate (800) 656-7595

    Listing agent Phil Reid (636) 456-5922 License #1999015911

    Listing date Mar 3, 2026

    MLS# 26012063 Listing URL

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

    Learn more

    Property Insight Report

    Overview

    49.5 Acres with Private Lake

    This 49.5-acre property features level to gently rolling terrain and a 1.62-acre private lake. The land offers a mix of open ground and mature woods, creating a habitat for deer and turkey. Utilities including electric, well, and septic are already in place. An earth home is ready for finishing. The property is located just off blacktop, providing easy access while maintaining seclusion. It is situated minutes from outdoor destinations such as Meramec Springs Park, Woodson K. Woods Memorial Conservation Area, and Huzzah Conservation Area, known for hiking, camping, trout fishing, and canoeing. The property is located in Steelville, MO.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Steelville
    County
    Iron
    State
    Missouri
    Longitude
    -91.45987644
    Latitude
    37.93151919

    Nearby Similar for Sale

    • $980,000
      2,062 SF

      Secluded Ranch with Lake and Timber

      132-acre ranch featuring a lake, timber, and barndominium home.
      31 Sunset Ln, Steelville, MO 65565
      View Details
    • $87,000
      1,350 SF

      Steelville Commercial Building For Sale

      Commercial building with potential for various business uses.
      204 W Main St, Steelville, MO 65565
      View Details
    • $399,000
      2,304 SF

      Turnkey Steelville Apartments For Sale

      Remodeled 7-unit apartment buildings with property management in place.
      302 N Spring St, Steelville, MO 65565
      View Details
    • $250,000
      3,600 SF

      Established Tire Shop Business Opportunity

      Turnkey tire shop business for sale in Steelville, Missouri.
      77 Mo-8 E, Steelville, MO 65565
      View Details
    • $300,000
      1.70 Acres

      Steelville Commercial Building - Huge Potential

      Versatile Metal Building, 9000 sq ft, 1.7 Acres
      184 Highway Z, Steelville, MO 65565
      View Details
    • $249,900
      1.60 Acres

      Steelville Commercial Building - Huge Potential

      Versatile 11,200 sq ft building on 1.6 acres.
      75 Highway 8, Steelville, MO 65565
      View Details
    • $39,000
      0.60 Acres

      Steelville Commercial Building - Prime Location

      High-visibility commercial building, 0.6 acres.
      161 Matred Ln, Steelville, MO 65565
      View Details

    FAQs

    What type of property is this?
    Farm - Land with lake, utilities, and recreational opportunities near conservation areas.
    Where is this farm located?
    The property is located at 85 Barnicle Chapel Rd Steelville, MO.
    What is the asking price?
    The asking price for this property is $439,900.
    What are key features of this property?
    This property features: - 49.5-acre property featuring a private 1.62-acre lake for recreation and relaxation.; - Electric, well, and septic systems are already installed, along with an earth home ready to be finished.; - Abundant wildlife (deer and turkey) and a mix of open ground and mature woods, ideal for hunting.
    (314) 486-8642
    Request Owner's contact information
    85 Barnicle Chapel Rd Steelville, MO 65565
    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.
    85 Barnicle Chapel Rd
    Steelville, MO 65565
    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
    85 Barnicle Chapel Rd Steelville, MO 65565
    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

    We can help!
    Listing Contact
    Phil Reid
    Phil Reid
    Real Estate License ID: 1999015911
    (314) 486-8642 (636) 456-5922
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!