Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land Ready For New Home Title is generated by Realmo AI

    15901 Hwy O, Gravois Mills, MO 65037

    View on Map
    Claim this Listing
    For Sale
    $84,950

    LAND - Gravois Mills, MO

    Lot size:
    1.04 Acres
    Added:
    May 15, 2026
    Days on Market:
    21
    Last Refresh:
    Jun 4 at 10:06 pm

    Property Features for 15901 Hwy O

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage, Open
    Exterior features
    GravelDriveway
    Standard status
    Active
    APN
    205015100001011000
    Lot size
    1.04 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Tract E 1/2 NE NE of HWY O, 200' x 292.98 x IRR, Morgan Co Exact legal to govern
    Tax Annual Amount
    137

    Utilities

    Water source
    Well

    Building Details

    Additional Structures
    Garage(s)

    We can help!

    Listing Contact
    Barbara Stockwell

    Listing agent Barbara Stockwell License #2005014960

    Listing office RE/MAX at the Lake PO Box 1111 147 S. Main, Laurie, MO

    Listing date May 15, 2026

    MLS# 3587445 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

    • 1.04 acres of gentle laying land, newly surveyed and ready for your new construction.
    • Features a 24 x 24 fully insulated, heated, and cooled garage with concrete floor.
    • Convenient location close to all amenities.
    • City sewer available at O road for easy hook up.
    • Shared well recently installed; buyer to connect.
    • 200 feet of O road frontage, with the property set back for added privacy.

    Overview

    This property features 1.04 acres of newly surveyed, gently sloping land, ready for a new home. It includes a 24 x 24 low-maintenance garage, fully insulated with a concrete floor, heated, and cooled by a 10,000 BTU window unit. A shared well has been installed, with the buyer responsible for connecting it. City sewer hookup is available at O Road. The property has 200 feet of frontage on O Road but is set back from the road. It is located close to all conveniences in Gravois Mills, Missouri.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Big Box & Wholesale Store Hotel & Motel Accounting Firm Bar & Pub Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Gravois Mills
    County
    Morgan
    State
    Missouri
    Longitude
    -92.791204
    Latitude
    38.227443

    Nearby Similar for Sale

    • $455,000
      3,000 SF

      Highway Frontage Commercial Building

      3,000 sq ft commercial building with Highway 5 frontage.
      102 Brook Lane, Gravois Mills, MO 65037
      View Details
    • $455,000
      3,000 SF

      Commercial Building on Busy Corridor

      High-visibility commercial building with income potential in Laurie, Missouri.
      102 Brook Lane, Gravois Mills, MO 65037
      View Details
    • $235,000
      1,464 SF

      Restaurant Ready in Gravois Mills

      Commercial property suited for a restaurant near Lake of the Ozarks.
      25708 Hwy 5, Gravois Mills, MO 65037
      View Details
    • $714,900

      Storage Units in Gravois Mills

      Storage units for sale in Gravois Mills, Missouri.
      14745 Highway P, Gravois Mills, MO 65037
      View Details
    • $1,495,000
      24,000 SF

      Commercial Property in Laurie Heart

      10.68 acres with cinema, retail, and restaurant spaces.
      1651 Highway O, Gravois Mills, MO 65037
      View Details
    • $99,000
      20,000 SF

      Spacious Multi-Level Warehouse Opportunity

      20,000+ sq ft warehouse with versatile space and potential.
      105 Troutdale Rd, Gravois Mills, MO 65037
      View Details
    • $235,000
      1,464 SF

      Restaurant Ready in Gravois Mills

      Commercial property suited for a restaurant near Lake of the Ozarks.
      25708 Hwy 5, Gravois Mills, MO 65037
      View Details
    • $297,000
      704 SF

      Recreational Land with "Mancave"

      45.4 acres with new metal building near lake access.
      12907 Montana Road, Gravois Mills, MO 65037
      View Details
    • $297,000
      2,025 SF

      Recreational Land with "Mancave" Building

      45.4 acres with partially finished metal building near Lake.
      12907 Montana Road, Gravois Mills, MO 65037
      View Details
    • $44,500

      Ready-to-Build Lot Overlooking Pond

      Nearly half-acre lot ready for construction with essential infrastructure.
      126 Indian Rock Avenue, Gravois Mills, MO 65037
      View Details
    • $99,900

      Highway Frontage Land in Laurie

      3-acre commercial land with utilities in booming Laurie, Missouri.
      Hwy O, Gravois Mills, MO 65037
      View Details
    • $84,500

      Secluded Land Near Laurie, MO

      Private, wooded 6.54-acre land near amenities and Indian Rock Golf.
      Lots 2 & 3 South Buck Creek Road, Gravois Mills, MO 65037
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.04 acres ready for a new home.
    Where is this residential land & home lot located?
    The property is located at 15901 Hwy O Gravois Mills, MO.
    What is the asking price?
    The asking price for this property is $84,950.
    What are key features of this property?
    This property features: 1.04 acres of gentle laying land, newly surveyed and ready for your new construction.; Features a 24 x 24 fully insulated, heated, and cooled garage with concrete floor.; Convenient location close to all amenities.
    (573) 374-3239
    We can help!
    Listing Contact
    Barbara Stockwell
    Real Estate License ID: 2005014960
    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

    Thank You for Inquiry
    15901 Hwy O, Gravois Mills, MO 65037
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!