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    Versatile Land with Harlan Steel Building Title is generated by Realmo AI

    1525 O Road, Laurie, MO 65037

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    Claim this Listing
    For Sale
    Under Contract
    $324,000

    LAND - Laurie, MO

    Property size:
    2,000 SF
    Lot size:
    25.84 Acres
    Price / SF:
    $162/SF
    Added:
    May 13, 2026
    Days on Market:
    10
    Last Refresh:
    May 22 at 2:06 am

    Property Features for 1525 O Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Open, Garage
    Exterior features
    GravelDriveway, Fence
    Fencing
    Fenced
    Standard status
    Active Under Contract
    APN
    205015300001006004
    Size
    2,000 SF
    Lot size
    25.84 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Exact Legal to Govern, Morgan County, MO
    Tax Annual Amount
    441

    Utilities

    Water source
    Public

    Building Details

    Additional Structures
    Garage(s)

    We can help!

    Listing Contact
    SHANNON N WHELCHEL
    SHANNON N WHELCHEL

    Listing agent SHANNON N WHELCHEL License #2018007793

    Listing office Albers Real Estate Advisors 3287 Bagnell Dam Boulevard, Lake Ozark, MO

    Listing date May 13, 2026

    MLS# 3587356 Listing URL

    Copyright © 2026 Bagnell Dam Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 25.84 acres of versatile land suitable for various uses.
    • Well‑built, insulated 40x50 Harlan steel building with electricity, water, and internet.
    • Potential to add living quarters and create a barndominium or residence.
    • Attached 20x20 auxiliary space ideal for shop, tack room, or equipment storage.
    • Painted steel fencing along road frontage and around the corral area.
    • 30x18 covered awning for RV, trailer, or equipment storage.

    Overview

    This property features 25.84 acres of land improved with a 40x50 Harlan steel building, designed for functionality, durability, and future expansion. The main structure is heavily insulated and fully equipped with electricity, water, and internet, making it suitable for agricultural operations, a workshop, storage facility, or future residence. An attached 20x20 auxiliary space offers flexibility for a shop, tack room, or equipment storage, with both interior access and a separate exterior entrance. Painted steel fencing lines the road frontage, surrounds the main building, and encloses a corral area. An automatic livestock waterer is in place, adding to the property's agricultural functionality. A 30x18 covered awning is suitable for RV storage, trailers, or equipment protection. The property offers the potential to add living quarters within the existing structure, allowing for customization and the creation of a barndominium or residence. Located in Laurie, MO, this land provides a versatile space with existing infrastructure.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural properties

    Map

    City
    Laurie
    County
    Morgan
    State
    Missouri
    Longitude
    -92.8965
    Latitude
    38.2848

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    FAQs

    What type of property is this?
    Agricultural property - 25.84 acres with insulated steel building, ready for customization.
    Where is this agricultural property located?
    The property is located at 1525 O Road Laurie, MO.
    What is the asking price?
    The asking price for this property is $324,000.
    What are key features of this property?
    This property features: 25.84 acres of versatile land suitable for various uses.; **Well‑built, insulated 40x50 Harlan steel building with electricity, water, and internet.**; Potential to add living quarters and create a barndominium or residence.
    (573) 723-0857
    We can help!
    Listing Contact
    SHANNON N WHELCHEL
    SHANNON N WHELCHEL
    Real Estate License ID: 2018007793
    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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