Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Ozark Ridge Top Recreational Land Title is generated by Realmo AI

    238 Madison CR 410, Fredericktown, MO 63645

    View on Map
    Claim this Listing
    New
    For Sale
    $38,995

    Land - Fredericktown, MO

    Lot size:
    10.01 Acres
    Added:
    May 31, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 1 at 12:06 pm

    Property Features for 238 Madison CR 410

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    See Remarks
    Standard status
    Active
    APN
    14-2.0-10-000-000-01S.238
    Lot size
    10.01 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    15

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Doug Smith
    Doug Smith

    Listing agent Doug Smith License #2019029383

    Listing office RE/MAX Best Choice 3318 Conway Rd, St. Louis, MO

    Listing date May 31, 2026

    MLS# 26034105 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

    • Unrestricted 10+ acre property with exceptional southwest‑facing views in the Ozarks.
    • Direct access via deeded gravel road.
    • Located within a mile of the 22,176‑acre Mark Twain National Forest for hunting, recreation, and exploration.
    • Abundant wildlife, including deer, turkey, small game.
    • Versatile land suitable for hunting, camping, building, ATV riding, or a secluded home.
    • Close proximity (2 miles) to U.S. Highway 67.

    Overview

    This 10.01-acre property is located on a ridge top and features deeded gravel road access. The land has no restrictions and offers southwest-facing views in the Ozarks. The wooded and rolling property is suitable for hunting, camping, building, and ATV riding. Nearby creeks provide opportunities for fishing and recreation. The property is located within a mile of the 22,176-acre Mark Twain National Forest, offering additional public land for hunting, riding, and exploration. It is approximately 2 miles by road from U.S. 67. The secluded property can serve as a base camp for adventure or a site for a permanent home. The surrounding land is inhabited by deer, turkey, small game, feral hogs, and black bears. Additional adjoining acreage is available.
    Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Fredericktown
    County
    Madison
    State
    Missouri
    Longitude
    -90.35961646
    Latitude
    37.39323314

    Nearby Similar for Sale

    • $185,000
      1,170 SF

      Versatile Commercial Building in Fredericktown

      Adaptable commercial space with multiple configurations and recent updates.
      120 E College, Fredericktown, MO 63645
      View Details
    • $550,000
      1,344 SF

      Secluded Home on Wooded Acreage

      Modern home on 69+/- acres near Fredericktown, Missouri.
      2101 Madison 9236, Fredericktown, MO 63645
      View Details
    • $499,999
      1,900 SF

      Restored Train Depot Restaurant

      Established restaurant in a restored early 1900s train depot.
      406 Villar, Fredericktown, MO 63645
      View Details
    • $725,000
      1,536 SF

      82 Acre Farm with Shop

      Farmhouse on 82 acres with shop building near Hwy 67.
      1044 Madison 9203, Fredericktown, MO 63645
      View Details
    • $159,000
      1,538 SF

      Prime Commercial Land in Fredericktown

      Exceptional commercial property in downtown Fredericktown, ideal for office space.
      152 South Main, Fredericktown, MO 63645
      View Details
    • $595,000
      23,166 SF

      Fredericktown Redevelopment Opportunity

      Vacant 23,166 SF building on 1.62 acres for sale.
      208 Lincoln Drive, Fredericktown, MO 63645
      View Details
    • $749,000
      3,378 SF

      Fredericktown Farm with Ranch Home

      24-acre farm featuring a charming ranch-style home and outbuildings.
      3978 Highway E Fredericktown Mo 63645, Fredericktown, MO 63645
      View Details
    • $109,900

      Fredericktown Farm with Creek Access

      14.31 acres with creek, near conservation area.
      Tract 2 Madison 248, Fredericktown, MO 63645
      View Details
    • $375,000
      240 SF

      Equestrian Homestead & Trail-Rider Paradise

      20-acre unrestricted property near premier trail-riding destinations.
      100 Cool Breeze Lane, Fredericktown, MO 63645
      View Details
    • $385,000

      Commercial Land Near Highway

      3.38 acre commercial land in high-traffic location.
      0 Huddle House Drive, Fredericktown, MO 63645
      View Details
    • $366,000

      Wooded Acreage Near National Forest

      140 acres of unrestricted land near Mark Twain Forest.
      47 Madison CR 410, Fredericktown, MO 63645
      View Details
    • $336,000

      Wooded Acreage Near National Forest

      140 acres of wooded land with creek access.
      46 Madison CR 410, Fredericktown, MO 63645
      View Details

    FAQs

    What type of property is this?
    Recreation land - 10+ acres with no restrictions and southwest-facing views.
    Where is this recreation land located?
    The property is located at 238 Madison CR 410 Fredericktown, MO.
    What is the asking price?
    The asking price for this property is $38,995.
    What are key features of this property?
    This property features: Unrestricted 10+ acre property with exceptional southwest‑facing views in the Ozarks.; Direct access via deeded gravel road.; Located within a mile of the 22,176‑acre Mark Twain National Forest for hunting, recreation, and exploration.
    (573) 431-2210
    We can help!
    Listing Contact
    Doug Smith
    Doug Smith
    Real Estate License ID: 2019029383
    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

    Thank You for Inquiry
    238 Madison CR 410, Fredericktown, MO 63645
    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!