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    Lakefront Lot with Walk-Down Access Title is generated by Realmo AI

    Lot 10 Woodland Lake Drive, Shell Knob, MO 65747

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    For Sale
    $360,000

    Build-ready lakefront land within a gated community with deep-water amenities and paved dock access.

    Type:Land
    Lot size:
    3.60 Acres
    Added:
    Apr 13, 2026
    Days on Market:
    54
    Last Refresh:
    Jun 5 at 1:53 am

    Property Features for Lot 10 Woodland Lake Drive

    General Information

    Standard status
    Active
    Lot size
    3.60 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Rusty Prince
    Rusty Prince

    Listing agent Rusty Prince

    Listing office Rusty Prince Real Estate

    Listing date Apr 13, 2026

    Source Exprealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Rusty Prince Real Estate

    HighLights

    • Lot 10 at The Cove is 3.6 total acres with 489 ft of walk‑down lakefront on Table Rock Lake
    • Gated lakefront community with underground water and electric to all lots
    • Community amenities include a concrete dock with paved parking access and 12x30 boat slips
    • State‑approved deep‑water well available for the community
    • Recreation amenities include regulation lighted tennis court, regulation pickleball court, and basketball area
    • Open‑air timber‑framed pavilion with outdoor kitchen and wood‑burning fireplace within the lakefront common area

    Overview

    Lot 10 is a 3.6-acre lakefront parcel within The Cove, a new gated community on Table Rock Lake. The property offers 489 feet of walk-down lakefront, providing direct shoreline access for future development. Utilities are planned for service throughout the community, including underground water and electric to all lots, along with a state-approved deep-water well for the subdivision.

    The Cove is designed around shared recreation and water access. Common-area amenities include a full-size regulation lighted tennis court, a separate regulation pickleball court, a basketball area, and an open-air timber-framed pavilion with an outdoor kitchen and wood-burning fireplace. Residents also have access to a community concrete dock with paved parking and 12x30 boat slips, plus an oversized swim area. Gated entry is supported by a grand stone entrance.

    This lot is well suited for buyers seeking a private, amenity-forward lake community setting with substantial lake frontage and a walk-down approach to the water. With underground utilities in place for future build sites and established dock and boating facilities in the common area, the property offers a practical foundation for a primary home or seasonal retreat in a controlled-access environment.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Real Estate Agency Dental Office Auto Repair Shop Gym & Fitness Center Hotel & Motel Bar & Pub Storage Facility Cafe & Coffee Shop Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Shell Knob
    County
    Barry
    State
    Missouri
    Longitude
    -93.633
    Latitude
    36.6422

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    FAQs

    What type of property is this?
    Waterfront Land - Build-ready lakefront land within a gated community with deep-water amenities and paved dock access.
    Where is this waterfront land located?
    The property is located at Lot 10 Woodland Lake Drive Shell Knob, MO.
    What is the asking price?
    The asking price for this property is $360,000.
    What are key features of this property?
    This property features: Lot 10 at The Cove is 3.6 total acres with 489 ft of walk‑down lakefront on Table Rock Lake; Gated lakefront community with underground water and electric to all lots; Community amenities include a concrete dock with paved parking access and 12x30 boat slips
    (417) 437-8878
    We can help!
    Listing Contact
    Rusty Prince
    Rusty Prince
    Learn More
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    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.

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