Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Lot Near Truman Lake Title is generated by Realmo AI

    Lot 4 Curtis Estates- Gypsy, Warsaw, MO 65355

    View on Map
    Claim this Listing
    For Sale
    $38,000

    No Home, 0 - 40 Acres No Home - Warsaw, MO

    Lot size:
    2.00 Acres
    Added:
    Jan 8, 2026
    Days on Market:
    144
    Last Refresh:
    Jun 1 at 1:06 pm

    Property Features for Lot 4 Curtis Estates- Gypsy

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    2.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Katie Martin-Simons

    Listing agent Katie Martin-Simons

    Listing office Reece Nichols Golden Key Realty 18889 Cedar Gate Dr, Warsaw, MO

    Listing date Jan 8, 2026

    MLS# 102138 Listing URL

    Copyright © 2026 West Central 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

    • Dream home opportunity on a 2‑acre lot in Curtis Estates.
    • Short drive to Truman State Park Marina and Truman Lake for outdoor recreation.
    • Close to Warsaw amenities, including shops and dining.
    • Electric utilities available at the road.
    • Gently rolling topography suitable for construction.
    • Located on Gypsy Road in a desirable area.

    Overview

    This 2-acre lot is located in the Curtis Estates subdivision on Gypsy Road, a short drive from Truman State Park Marina, Harry S Truman State Park, and Truman Lake. The property is conveniently close to Warsaw amenities, including local shops, dining, and community services. This location offers country living with access to Truman Lake's outdoor recreation, including boating, fishing, picnics, and wildlife watching. The lot features gently rolling topography and electric utilities available at the road, making it suitable for building a new home.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Warsaw
    County
    Benton
    State
    Missouri
    Longitude
    -93.2711
    Latitude
    38.3166

    Nearby Similar for Sale

    • $1,400,000
      2,779 SF

      Lakefront Resort with Income Potential

      Turnkey resort with restaurant, marina, motel, and campground.
      25842 Old Oar House Road, Warsaw, MO 65355
      View Details
    • $1,400,000
      2,614 SF

      Lakefront Resort with Income Potential

      Turn-key resort with multiple income streams on Lake of Ozarks.
      25842 Old Oar House Road, Warsaw, MO 65355
      View Details
    • $1,400,000

      Lakefront Resort with Multiple Income

      Lakefront resort featuring a marina, restaurant, motel, and campground.
      25842 Old Oar House Road, Warsaw, MO 65355
      View Details
    • $849,000
      7,000 SF

      Versatile Commercial Buildings Near Truman Lake

      Three commercial buildings in Warsaw, MO, near Truman Lake.
      1081 E Main, Warsaw, MO 65355
      View Details
    • $3,100,000
      24,012 SF

      Commercial Building in High-Visibility Location

      26,012 SF commercial building suitable for various business models.
      1330 Commercial, Warsaw, MO 65355
      View Details
    • $279,900
      5,472 SF

      Prime Commercial Building in Warsaw

      Commercial building in the heart of Warsaw's business district.
      1895 E Main, Warsaw, MO 65355
      View Details
    • $287,700
      1,368 SF

      Highway Frontage Commercial Opportunity

      Commercial property with highway frontage near Truman Lake.
      13626 7, Warsaw, MO 65355
      View Details
    • $399,500
      5,472 SF

      Prime Commercial Building in Warsaw

      Commercial building in the heart of Warsaw's business district.
      1895 E Main, Warsaw, MO 65355
      View Details
    • $1,100,000
      1,800 SF

      Campground, Lodging, and Storage Investment

      Income-generating campground, motel, storage, and shop near Truman Lake.
      32550 MM Highway, Warsaw, MO 65355
      View Details
    • $389,900

      Warsaw Commercial Property with Highway Frontage

      Commercial property in prime location with highway frontage and multiple lots.
      13913 7, Warsaw, MO
      View Details
    • $69,900
      2,508 SF

      Prime Commercial Opportunity in Warsaw

      Excellent commercial space with high visibility in Warsaw, Missouri.
      1061 E 1st Street, Warsaw, MO 65355
      View Details
    • $69,900
      2,508 SF

      Warsaw Commercial Opportunity For Sale

      Commercial building with excellent visibility in the heart of Warsaw.
      1061 E 1st Street, Warsaw, MO 65355
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2-acre residential lot near Truman Lake and Warsaw amenities.
    Where is this residential land & home lot located?
    The property is located at Lot 4 Curtis Estates- Gypsy Warsaw, MO.
    What is the asking price?
    The asking price for this property is $38,000.
    What are key features of this property?
    This property features: Dream home opportunity on a 2‑acre lot in Curtis Estates.; Short drive to Truman State Park Marina and Truman Lake for outdoor recreation.; Close to Warsaw amenities, including shops and dining.
    (816) 728-5744
    We can help!
    Listing Contact
    Katie Martin-Simons
    Real Estate License ID: 2023036885
    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
    Lot 4 Curtis Estates- Gypsy, Warsaw, MO 65355
    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!