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    Redbud Ct Perryville, MO 63775

    For Sale
    $611,500

    Prime 5.61-acre commercial lot, 15 buildable lots.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 5.61-acre commercial property in Perryville, Missouri, presents a unique investment opportunity. The land is part of an established subdivision, complete with existing infrastructure including utilities, sidewalks, street lights, and paved streets, all governed by established restrictions. Fifteen lots are available and already platted, ready for immediate development. This represents a significant advantage, eliminating the considerable time and expense associated with land preparation. Four homes have already been successfully built and sold within the subdivision, demonstrating existing market demand and the viability of the project. The property's location within Perry County benefits from a high demand for housing, making this a particularly attractive proposition for developers seeking to capitalize on this need. The remaining lots can be developed individually or as a larger-scale project. The unique position of this subdivision as the only one currently offering lots in the area further enhances its potential for rapid growth and high return on investment. Interested parties are encouraged to contact the Perryville Economic Development Authority (EDA) office for further information regarding the Perryville Housing Reimbursement Program, which may offer additional incentives. This is a rare opportunity to acquire a fully serviced, ready-to-develop commercial land parcel in a thriving market.

    Property Features for Redbud Ct

    General Information

    Property type
    Other commercial real estate
    Lot Size
    244,372 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Perryville
    County
    Perry
    State
    Missouri
    Longitude
    -89.81342
    Latitude
    37.60199

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    FAQs

    What type of property is this?
    Commercial real estate - Prime 5.61-acre commercial lot, 15 buildable lots.
    Where is this commercial real estate located?
    The property is located at Redbud Ct Perryville, MO.
    What is the asking price?
    The asking price for this property is $611,500.
    547-1000
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    Redbud Ct Perryville, MO 63775
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    Realmo Value Estimation

    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.

    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.

    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
    Redbud Ct Perryville, MO 63775
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