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

    County Road 640 Theodosia, MO 65761

    View on Map
    Claim this Listing
    For Sale
    $74,900

    LAND - Theodosia, MO

    Lot size:
    5.60 Acres
    Added:
    Jan 7, 2026
    Days on Market:
    109
    Last Refresh:
    Apr 26 at 3:06 pm

    Property Features for County Road 640

    General Information

    Property type
    Land
    Property subtype
    Other
    Fencing
    Barbed Wire, Perimeter
    Standard status
    Active
    APN
    2003080000000002039
    Lot size
    5.60 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    217

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    H K Gaulding

    Listing agent H K Gaulding License #2019007115

    Listing office Sierra Ozark Corporation 5957 US Highway 160, Theodosia, MO

    Listing date Jan 7, 2026

    MLS# 60312815 Listing URL

    Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    5.6 Acre Corner Lot in Theodosia

    This 5.6-acre corner lot is located in the Lost Mine Ranch/Ozark Country Estates airpark neighborhood. The property features a pond, mature shade trees, and wooden 3-rail fencing on two sides, with regular fencing on the remaining two sides. The land is level to gently rolling pasture, suitable for livestock and horses. Building sites on the property offer views of the pond, pasture, animals, and mature trees. The location also provides views of airplane traffic taking off and landing. Residents have access to a private 3,000 ft paved runway (MO56) with VASI and PAL lighting, as well as tie downs. Bull Shoals Lake, with a concrete boat launch, is located nearby.
    Location Intelligence

    Current Use by Public Records

    Aviation real estate

    Map

    City
    Theodosia
    County
    Ozark
    State
    Missouri
    Longitude
    -92.7117
    Latitude
    36.5847

    Nearby Similar for Sale

    • $1,999,900

      Established Grocery Store Near Bull Shoals

      Active grocery store with recent upgrades near Bull Shoals Lake.
      6117 U.S. Highway 160, Theodosia, MO 65761
      View Details
    • $395,000

      Mixed-Use Investment Near Bull Shoals Lake

      Profitable restaurant, retail space, and residential home on 3.3 acres.
      6162 Us-160, Theodosia, MO 65761
      View Details
    • $650,000

      Indoor Growing Facility on 20 Acres

      45,000 SF indoor growing facility on 20 acres.
      2720 Us-160, Theodosia, MO 65761
      View Details
    • $720,000

      160 Acres Fenced Land, Springs

      160 acres of fenced land with abundant spring water.
      Palmer Road, Theodosia, MO 65761
      View Details
    • $50,000

      Commercial Land in Theodosia, MO

      Commercial land with existing building near Bull Shoals Lake.
      Verdels Drive, Theodosia, MO 65761
      View Details
    • $59,000

      Commercial Property in Theodosia, MO

      Commercial property with two offices, kitchenette, and storage room.
      Us Highway 160, Theodosia, MO 65761
      View Details
    • $7,500

      Indoor Growing Facility on 20 Acres

      45,000 sq ft indoor growing facility on 20 acres.
      2720 Us-160, Theodosia, MO 65761
      View Details
    • $299,000

      15 Acres with Lake View

      15-acre wooded property with lake view and utilities in Theodosia.
      6073 County Road 647, Theodosia, MO 65761
      View Details
    • $162,500

      Cleared Land Near Bull Shoals

      31 acres of cleared land near town and Bull Shoals.
      County Road 900, Theodosia, MO 65761
      View Details
    • $4,500

      Land Lot Near Bull Shoals

      Land lot near Bull Shoals Lake and Theodosia Marina.
      Lot 5A COUNTRY CLUB DRIVE, Theodosia, MO 65761
      View Details
    • $2,500

      Residential Lot Near Bull Shoals

      Residential lot near Bull Shoals Lake and Theodosia Marina.
      Lot 9B COUNTRY CLUB DRIVE, Theodosia, MO 65761
      View Details
    • $67,500

      Land Near Golf and Lake

      7.5 acres near golf course and Bull Shoals Lake.
      Country Club Drive, Theodosia, MO 65761
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 5.6 acre corner lot with pond, trees, and fencing.
    Where is this agricultural land / farmland located?
    The property is located at County Road 640 Theodosia, MO.
    What is the asking price?
    The asking price for this property is $74,900.
    What are key features of this property?
    This property features: Access to a **private 3,000 ft. paved runway** (MO56) with VASI and PAL lighting and tie downs.; 5.6 acre corner lot in Lost Mine Ranch/Ozark Country Estates airpark neighborhood.; Livestock and horses are permitted.
    (417) 273-4212
    We can help!
    Listing Contact
    H K Gaulding
    Real Estate License ID: 2019007115
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!