Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Lot Near Spring Lake Title is generated by Realmo AI

    9909 Sassafras Drive, Hillsboro, MO 63050

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Land - Hillsboro, MO

    Lot size:
    0.24 Acres
    Added:
    Apr 21, 2026
    Days on Market:
    22
    Last Refresh:
    May 12 at 2:06 am

    Property Features for 9909 Sassafras Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Single-Family
    Exterior features
    Level, Sloped
    Standard status
    Active
    APN
    12-9.0-32.0-3-001-025
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    64.86
    Expense value
    476
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Utilities

    Water front features
    Lake, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Nicholas Walters

    Listing agent Nicholas Walters License #2022021227

    Listing office RE/MAX Best Choice 1510 Parkway W, St. Louis, MO

    Listing date Apr 21, 2026

    MLS# 24058859 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

    • Access to 4 lakes for boating, swimming, and fishing.
    • Walking distance to Spring Lake, the second largest lake in the community.
    • Lot is ready for building with a gentle slope and privacy.
    • Public utility connections are available at the street.
    • Mandatory country club membership with privileges.
    • Raintree golf course.

    Overview

    This 0.242-acre residential lot is located in Hillsboro, Missouri, near Spring Lake, the second largest lake in the community. The property is intended for building a single-family home. The lot features a gentle slope and offers privacy, making it suitable for construction. Public connections are available at the street, and Raintree requires a one-time tap-on fee. Residents have access to four lakes for boating, swimming, and fishing. A golf course is also available, and a mandatory country club membership provides additional privileges.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Big Box & Wholesale Store Department Store Bar & Pub Bakery Arcade & Gaming Center (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hillsboro
    County
    Jefferson
    State
    Missouri
    Longitude
    -90.60004
    Latitude
    38.242769

    Nearby Similar for Sale

    • $426,900
      2,772 SF

      Hillsboro Land Near City Hall

      Versatile half-acre lot in prime Hillsboro location.
      114 Main Street, Hillsboro, MO 63050
      View Details
    • $450,000
      6,090 SF

      Hillsboro Mixed-Use Redevelopment Opportunity

      Versatile 6-acre property with highway frontage and redevelopment potential.
      9637 Old State Route 21, Hillsboro, MO 63050
      View Details
    • $1,750,000

      Hillsboro Church with Conversion Potential

      Church building on 5 acres, suitable for office conversion.
      4770 State Road B, Hillsboro, MO 63050
      View Details
    • $10,000

      Residential Lot in Raintree Plantation

      Residential lot in a gated community with lake and golf access.
      14097 E Vista, Hillsboro, MO 63050
      View Details
    • $3,000

      Residential Land in Raintree Plantation

      Vacant lot with lake views and community amenities.
      10101 Lake Ridge Court, Hillsboro, MO 63050
      View Details
    • $3,400

      Residential Lot in Raintree Plantation

      Residential lot with amenities in Raintree Plantation, Hillsboro, MO.
      10229 Belew Creek Drive, Hillsboro, MO 63050
      View Details
    • $125,000

      Lake View Lot with Boat Slip

      Buildable lake-view lot with boat slip in Lake Tishomingo.
      5883 N Lakeshore Drive, Hillsboro, MO 63050
      View Details
    • $7,500

      Golf Course Lot Opportunity

      Residential lot with golf course and community amenities.
      9648 Moonshine Drive, Unincorporated, MO 63050
      View Details
    • $7,500

      Golf Course Lot with Amenities

      Residential land with golf course access and resort-style amenities.
      9604 Moonshine Drive, Unincorporated, MO 63050
      View Details
    • $7,500

      Golf Course Lot with Amenities

      Residential lot with golf course access and community amenities.
      9652 Moonshine Drive, Unincorporated, MO 63050
      View Details
    • $7,500

      Golf Course Lot with Amenities

      Residential land with golf course access and community amenities.
      9660 Moonshine Drive, Unincorporated, MO 63050
      View Details
    • $350,000

      Commercial Land on Corner Lot

      Corner lot with high visibility near highways in Hillsboro, MO.
      10865 Business 21, Hillsboro, MO 63050
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot near Spring Lake with gentle slope and privacy.
    Where is this residential land & home lot located?
    The property is located at 9909 Sassafras Drive Hillsboro, MO.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Access to 4 lakes for boating, swimming, and fishing.; Walking distance to Spring Lake, the second largest lake in the community.; Lot is ready for building with a gentle slope and privacy.
    (636) 931-7272
    We can help!
    Listing Contact
    Nicholas Walters
    Real Estate License ID: 2022021227
    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
    9909 Sassafras Drive, Hillsboro, MO 63050
    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!