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

    Lot 15 24+ Fairway Dr Fulton, MO 65251

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $340,000

    Commercial land

    Type:Office
    Added:
    Aug 24, 2023
    Days on Market:
    962
    Last Refresh:
    Apr 1 at 8:36 pm

    Property Features for Lot 15 24+ Fairway Dr

    General Information

    Standard status
    Active
    Property subtype
    Office

    We can help!

    Listing Contact
    Jeff Radmer

    Listing agent Jeff Radmer

    Listing office ReeceNichols Mid Missouri

    Listing date Aug 24, 2023

    Source Xome

    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 ReeceNichols Mid Missouri

    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Fulton
    County
    Callaway
    State
    Missouri
    Longitude
    -91.9568
    Latitude
    38.8555

    Nearby Similar for Sale

    • $600,000
      9,764 SF

      Fulton Commercial Property on Business 54

      Commercial property with high visibility and over 10,000 sq ft.
      2110 N Bluff Street, Fulton, MO 65251
      View Details
    • $310,000
      5,458 SF

      Historic Fulton Building: Income Potential

      Income-producing historic building in Fulton's Brick District with value-add upside.
      525 Court Street, Fulton, MO 65251
      View Details
    • $310,000
      5,458 SF

      Historic Fulton Building with Income

      Income-producing commercial building with potential for residential conversion.
      525 COURT Street, Fulton, MO 65251
      View Details
    • $325,000

      Callaway County Acreage Opportunity

      30.59 acres in Callaway County, ideal for estate or recreation.
      3302 Richland Heights Rd, Fulton, MO 65251
      View Details
    • $162,500
      4,420 SF

      Downtown Fulton Commercial Space

      Commercial space in Fulton's Historic Brick District with parking.
      603-605 NICHOLS Street, Fulton, MO 65251
      View Details
    • $162,500
      4,420 SF

      Downtown Fulton Commercial Space For Sale

      Large commercial space in Fulton's Historic Brick District.
      603-605 Nichols Street, Fulton, MO 65251
      View Details
    • $270,000

      Fulton, MO Commercial Land

      Commercial land available in Fulton, Missouri.
      4901 COUNTY ROAD 304, Fulton, MO 65251
      View Details
    • $823,590
      10,880 SF

      Leased Office Building For Sale

      100% leased office building with long-term tenant.
      108 N Hospital Dr, Fulton, MO
      View Details
    • $150,000

      Fulton Land Near Columbia

      3.63 acre residential land near Columbia and Fulton.
      1201 State Highway WW, Fulton, MO 65251
      View Details
    • $94,900

      Fulton, MO Land Parcel

      7.55 acres of land in Western Callaway County.
      5539 SILLIVAN Drive, Fulton, MO 65251
      View Details
    • $3,000,000
      34,630 SF

      I-70 & HWY 54 Storage

      Storage and Mobile Home Park near I-70 and HWY 54.
      5600 Co Rd 114, Fulton, MO 65251
      View Details
    • $99,000

      Commercial Land Near Golf Course

      Commercial land available in Tanglewood Business Park near Highway 54.
      18 Fairway Drive, FULTON, MO, 65251
      View Details

    FAQs

    Where is this commercial land located?
    The property is located at Lot 15 24+ Fairway Dr Fulton, MO.
    What is the asking price?
    The asking price for this property is $340,000.
    What are key features of this property?
    This property features: City approved development plan available.; Located in Tanglewood Business Park.; Suitable for Commercial, Office, or Condos.
    (573) 356-1175
    We can help!
    Listing Contact
    Jeff Radmer
    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!