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    Turnkey Kennel Facility on Acreage Title is generated by Realmo AI

    51268 Otter, Milan, MO 63556

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    Licensed dog kennel on 6.5 acres in a country setting.

    Type:Land, Special Purpose
    Lot size:
    6.50 Acres
    Added:
    May 22, 2026
    Days on Market:
    11
    Last Refresh:
    May 27 at 8:20 am

    Property Features for 51268 Otter

    General Information

    Standard status
    Active
    Lot size
    6.50 Acres
    Property subtype
    Land, Special Purpose

    We can help!

    Listing Contact
    Carol Martin

    Listing agent Carol Martin License #2023029724

    Listing office Boyer Land Company

    Listing date May 22, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Boyer Land Company

    HighLights

    • Turnkey, licensed dog kennel facility ready for immediate operation.
    • 6.5 m/l peaceful country acres offering privacy and room for expansion.
    • Multi‑use building with bathroom facilities suitable for boarding, grooming, training, or office space.
    • Numerous building sites with water and electricity on site for future development.
    • Ideal live/work opportunity for entrepreneurs, breeders, or trainers.
    • Established property with existing certifications, saving time and resources.

    Overview

    This is a turnkey, licensed dog kennel facility situated on 6.5 acres in a peaceful country setting. The established property is fully equipped and ready for operation with ACF licensing plus USDA and State certifications and licensing already in place. Designed for versatility and efficiency, the property features a multi-use building complete with bathroom facilities, offering possibilities for boarding, grooming, training, office space, or expansion. The rural setting provides privacy and functionality for operating a professional canine business or any other desired business, with room to grow. Numerous building sites with water and electricity are available on site. This property is suitable for entrepreneurs, breeders, trainers, or anyone seeking a live/work country lifestyle with income potential. The spacious acreage provides ample room for additional structures or future development. This is a rare opportunity to own a compliant, turnkey kennel operation with acreage in a desirable country setting.
    Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Milan
    County
    Sullivan
    State
    Missouri
    Longitude
    -93.14706
    Latitude
    40.22553

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    FAQs

    What type of property is this?
    Specialty property - Licensed dog kennel on 6.5 acres in a country setting.
    Where is this specialty property located?
    The property is located at 51268 Otter Milan, MO.
    What is the asking price?
    The asking price for this property is $170,000.
    What are key features of this property?
    This property features: Turnkey, licensed dog kennel facility ready for immediate operation.; 6.5 m/l peaceful country acres offering privacy and room for expansion.; Multi‑use building with bathroom facilities suitable for boarding, grooming, training, or office space.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Carol Martin
    Real Estate License ID: 2023029724
    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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