Sign Up Successful!
You now have access to more from Realmo!
    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

    E 340Th St Gilman City, MO 64642

    Sponsored
    For Sale
    $3,750,000

    Farm/Estate, Ranch - Gilman City, MO

    Type:Farm
    Property size:
    1,388 SF
    Lot size:
    715.00 Acres
    Days on Market:
    6
    Last Refresh:
    Feb 11 at 12:06 pm

    Property Features for E 340Th St

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    Zoning
    300
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Dining Room, Kitchen, Living Room
    Bedrooms
    3
    Bathrooms
    2
    Parking features
    Garage, Garage - Detached
    Fireplace
    1
    Basement Y/N
    1
    Size
    1,388 SF
    Lot size
    715.00 Acres

    Utilities

    Heating system
    Fireplace(s), Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1956
    Year renovated
    1956
    Floors in Building
    1
    Flooring type
    Carpet
    Building materials
    Wood Siding
    Roof type
    Metal
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Dylan Heitz

    United Country Nelson Real Estate (660) 425-2288

    Listing agent Dylan Heitz (660) 425-2288

    Listing date Feb 6, 2026

    MLS# 11644170 Listing URL

    Copyright © 2026 My State MLS. 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

    Overview

    715 Acre Grass Farm Auction

    This 715-acre grass farm is being offered via online auction. The auction opens February 23, 2026, and closes March 19, 2026. Located in Southeastern Harrison County, Missouri, the property consists of pasture, hay, and grass farmland. The land is divided into 8 tracts. Two of the tracts include residential homes. Approximately 597 acres are located directly on the south side of E 330th St, across from the Wayne Helton Memorial Wildlife Area. An additional 120 acres are located approximately 1 mile south on E. 312th Ave from the Wayne Helton Memorial Wildlife Area. Legally described as 597 acres in Section 27 Township 63N Range 26W and 120 taxed acres in Section 33 Township 63N Range 26W, the final legal description will be determined by survey. The property is available for possession upon closing, with one exception: the sellers will retain possession of the Morton building on Tract 2 for up to 6 months after closing to remove personal belongings.
    Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Gilman City
    County
    Harrison
    State
    Missouri
    Longitude
    -93.8101
    Latitude
    40.2254

    Nearby Similar for Sale

    • New
      $1,235,000
      1,388 SF

      247 Acre Grass Farm Auction

      Grass farm with ranch-style home and multiple outbuildings.
      32517 E 340Th St, Gilman City, MO 64642
      View Details

    FAQs

    What type of property is this?
    Farm - Online auction for a prime grass farm in Missouri.
    Where is this farm located?
    The property is located at E 340Th St Gilman City, MO.
    What is the asking price?
    The asking price for this property is $3,750,000.
    What are key features of this property?
    This property features: - 1.715 acres m/l of pasture/hay/grass farm land in Southeastern Harrison County, MO.; - Located near the Wayne Helton Memorial Wildlife Area.; - Includes two tracts with residential homes.
    (660) 425-2288
    Request Owner's contact information
    E 340Th St Gilman City, MO 64642
    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.
    E 340Th St
    Gilman City, MO 64642
    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
    E 340Th St Gilman City, MO 64642
    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
    Dylan Heitz
    (660) 425-2288
    Learn more
    Google sign-in failed. Please try again or use another login method.