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

    Tbd Lobo Drive Festus, MO 63028

    View on Map
    Claim this Listing
    New
    For Sale
    $245,000

    Land - Festus, MO

    Lot size:
    7.00 Acres
    Added:
    Apr 22, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 23 at 4:06 am

    Property Features for Tbd Lobo Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Exterior features
    Sloped
    Standard status
    Active
    APN
    2222100000002634 & 222100000002611
    Lot size
    7.00 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    451
    Expense value
    300
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Glen Mouser
    Glen Mouser

    Listing agent Glen Mouser License #2016012133

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

    Listing date Apr 22, 2026

    MLS# 26024127 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.

    Overview

    Residential Land in Festus, MO

    This almost 7-acre parcel is located just off of State Road T in the Jefferson R-7 public school district. Public water is available from the access off of Hwy T, and there is also access from Lobo Dr. in the Single T Ranch subdivision, providing multiple options for building locations. The sloping terrain allows for walkout basements, and the wooded lots offer privacy. The property's layout allows for the potential to put in a private pond. It is located minutes from I-55 and the restaurants and shopping available in the Festus/Crystal City area.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Festus
    County
    Jefferson
    State
    Missouri
    Longitude
    -90.407
    Latitude
    38.1363

    Nearby Similar for Sale

    • $875,000
      10,000 SF

      Versatile Flex Office/Warehouse Property

      Two-story office/warehouse near I-55, suitable for diverse businesses.
      622 Collins Drive, Festus, MO 63028
      View Details
    • $675,000
      6,084 SF

      Downtown Festus Commercial Building

      6,000+ sq ft commercial building in historic downtown Festus.
      201 Main Street, Festus, MO 63028
      View Details
    • $374,900
      2,588 SF

      Spacious Multi-Home Property on 5.4 Acres

      Three homes on 5.4 acres, ideal for homesteading or rental.
      1818 Hunter Road, Festus, MO 63028
      View Details
    • $365,000

      Festus Industrial Property Near Hospital

      Versatile industrial property near Mercy Jefferson Hospital.
      1045 Airport Road, Festus, MO 63028
      View Details
    • $215,000

      Festus Church Building For Sale

      Church building in the heart of Festus with off-street parking.
      410 Moore Street, Festus, MO 63028
      View Details
    • $349,900

      30 Acres Vacant Land Festus

      30 acres of vacant land with development potential.
      000 US Highway 67, Festus, MO 63028
      View Details
    • $250,000
      1,600 SF

      Highway Frontage Pet Facility

      Well-maintained pet boarding and grooming facility on 2.56 acres.
      2203 Us Highway 61, Festus, MO 63028
      View Details
    • $325,000

      Unrestricted Land Near Festus Amenities

      10+/- acre wooded land near Festus, ideal for development.
      0 Bailey School Rd., Festus, MO 63028
      View Details
    • $40,000

      Residential Land in Festus, MO

      Residential land with potential for building or expansion.
      115 Valley Vue Place, Festus, MO 63028
      View Details
    • $215,000

      Festus Church Building For Sale

      Church building in Festus with sanctuary, offices, and parking.
      410 Moore Street, Festus, MO 63028
      View Details
    • $50,000

      Residential Lot in Established Subdivision

      Residential lot in Festus, Missouri, suitable for building a home.
      707 Jerome Drive, Festus, MO 63028
      View Details
    • $150,300

      Festus Land with Builder Potential

      10.02 acre lot perfect for countryside living near St. Louis.
      22 Hematite Farms Rd, Festus, MO 63028
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Almost 7-acre residential land parcel in Jefferson R-7 district.
    Where is this residential land & home lot located?
    The property is located at Tbd Lobo Drive Festus, MO.
    What is the asking price?
    The asking price for this property is $245,000.
    What are key features of this property?
    This property features: Large 7‑acre parcel ideal for building a custom home.; Located in the highly‑regarded Jefferson R‑7 public school district.; Convenient access to public water.
    (636) 931-7272
    We can help!
    Listing Contact
    Glen Mouser
    Glen Mouser
    Real Estate License ID: 2016012133
    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!