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    Missouri Farm with Acreage Title is generated by Realmo AI

    15556 Slab Spring Drive, Licking, MO 65442

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    Claim this Listing
    New
    For Sale
    $1,000,000

    Ranch, Farm - Licking, MO

    Type:Farm
    Property size:
    2,534 SF
    Lot size:
    154.00 Acres
    Price / SF:
    $394/SF
    Added:
    May 17, 2026
    Days on Market:
    2
    Last Refresh:
    May 18 at 1:06 pm

    Property Features for 15556 Slab Spring Drive

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Bedrooms
    3
    Bathrooms
    3
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Great Room, Kitchen
    Parking features
    Garage, Garage - Attached
    Interior features
    Bookcases, Breakfast Bar, Ceiling Fan(s), Dining/Living Room Combo, Double Vanity, Entrance Foyer, High Speed Internet, Storage, Tub, Walk-in Closet(s), Wet Bar
    Exterior features
    Rolling Slope, Secluded, Views, Fencing, Basketball Court, Fire Pit, Lighting
    Fencing
    Fenced
    Fireplace
    1
    Basement Y/N
    1
    Appliances
    Dishwasher, Washer
    Standard status
    Active
    APN
    03-0.6-14-000-000-009
    Size
    2,534 SF
    Lot size
    154.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1188

    Utilities

    Heating system
    Ceiling, Electric (Heating), Fireplace(s), Forced Air, Radiant, Radiant Ceiling, Wood (Heating)
    Cooling system
    Attic Fan, Ceiling Fan(s), Central Air, Electric

    Building Details

    Year built
    1981
    Floors in Building
    1
    Flooring type
    Carpet, Linoleum, Vinyl
    Building materials
    Cedar, Frame, Vertical Siding
    Roof type
    Shingle
    Architectural style
    Ranch

    We can help!

    Listing Contact
    April Cline

    Listing agent April Cline License #2018025269

    Listing office Realty Executives Premiere 208 W. St. Louis St., House Springs, MO

    Listing date May 17, 2026

    MLS# 26012318 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.

    HighLights

    • 154+\/- acre farm bordering 770 acres of U.S. Forestry land, offering privacy and recreational opportunities.
    • 3000sf +\/- barn with workshop and 2 double stalls, suitable for livestock or hobbies.
    • High‑speed internet access, enabling remote work or business operations.
    • Updated roof (2025) and AC unit (2024), ensuring modern comfort and reduced maintenance.
    • Two ponds, apple tree, grape arbor, and tame blackberries, enhancing the property's natural beauty and providing fresh produce.
    • Spacious great room and sunroom with ducted fireplace, ideal for gatherings and comfortable living.

    Overview

    This 154-acre farm features a one-family-owned property with a house containing 3 bedrooms and 3 bathrooms. The house includes a spacious great room and sunroom. The lower level provides additional space suitable for a game room, storage, or a craft room. A 3000 square foot barn includes a workshop and 2 double stalls. The property features an apple tree, grape arbor, and tame blackberries that produce yearly. There are 2 ponds on the property. Drivable trails surround the fenced perimeter, which borders 770 acres of U.S. Forestry land. Approximately 40 acres are cleared and/or used as pasture land, including a warm-season grass field. One three-sided outbuilding is stocked with firewood, while the other is available for equipment storage. The roof was replaced in 2025, and the AC unit in 2024. A Victor wood heat source and radiant ceiling heat are installed to prevent pipes from freezing during winter. The fireplace is ducted into the sunroom, primary bathroom, and mud room for efficiency. The property has high-speed internet, making it suitable for working from home or running an on-site business. The property is less than 2 miles from the Big Piney River.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wedding venues

    Map

    City
    Licking
    County
    Texas
    State
    Missouri
    Longitude
    -91.995881
    Latitude
    37.569454

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    FAQs

    What type of property is this?
    Farm - 154-acre farm with a spacious home and large barn.
    Where is this farm located?
    The property is located at 15556 Slab Spring Drive Licking, MO.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: 154+\/- acre farm bordering 770 acres of U.S. Forestry land, offering privacy and recreational opportunities.; 3000sf +\/- barn with workshop and 2 double stalls, suitable for livestock or hobbies.; High‑speed internet access, enabling remote work or business operations.
    (314) 852-8949
    We can help!
    Listing Contact
    April Cline
    Real Estate License ID: 2018025269
    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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