Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Land on Highway 63, Thayer Title is generated by Realmo AI

    63 Highway, Thayer, MO 65791

    View on Map
    Claim this Listing
    For Sale
    $339,900

    LAND - Thayer, MO

    Lot size:
    31.96 Acres
    Added:
    Jun 23, 2025
    Days on Market:
    341
    Last Refresh:
    May 29 at 8:06 pm

    Property Features for 63 Highway

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    26-3.0-05-0-000-0012.03000 2023
    Lot size
    31.96 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    15

    We can help!

    Listing Contact
    Payton Watterson

    Listing agent Payton Watterson

    Listing office Sho-Me Real Estate 874 W Commercial St, Mansfield, MO

    Listing date Jun 23, 2025

    MLS# 60297777

    Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large 31.96 ac M/L property size.
    • Great location on Hwy 63.
    • Minutes to Thayer and Mammoth Springs.
    • Road frontage on two sides.
    • GPS Coordinates provided.
    • Convenient access.

    Overview

    This property features 31.96 acres of land situated on Highway 63, located just minutes from Thayer and Mammoth Springs. The land benefits from road frontage on two sides.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Thayer
    County
    Oregon
    State
    Missouri
    Longitude
    -91.538055
    Latitude
    36.501113

    Nearby Similar for Sale

    • $169,000
      4,012 SF

      Thayer, MO Commercial Opportunity

      Mechanic shop with three bays, office, and additional lot.
      103 Vine Street, Thayer, MO 65791
      View Details
    • $169,000

      Commercial Mechanic Shop with Expansion Potential

      Mechanic shop with three bays, office, and additional lot.
      103 Vine Street, Thayer, MO 65791
      View Details
    • $100,000

      Highway Frontage Land For Sale

      11 acre commercial land with highway frontage near Thayer, MO.
      Highway 63, Thayer, MO 65791
      View Details
    • $699,900
      1,019 SF

      Cattle and Horse Farm Ready

      132 m/l acre farm ready for livestock and family.
      210 County Road 320, Thayer, MO 65791
      View Details
    • $1,000,000

      Commercial Building with Vacant Lot

      Versatile commercial building with two office spaces and vacant lot.
      1006 Nettleton Avenue, Thayer, MO 65791
      View Details
    • $230,000

      17.4 Acres with River Frontage

      Versatile 17.4-acre property with river frontage and existing improvements.
      County Road 268, Thayer, MO 65791
      View Details
    • $230,000

      Thayer, MO Land with Riverfront

      17.4 acres with river frontage, well, septic, and barn.
      County Road 268, Thayer, MO 65791
      View Details
    • $30,000

      Ready-to-Build Lots in Thayer, MO

      Two adjoining city lots totaling 0.68 acres in Thayer, Missouri.
      N 9th Street, Thayer, MO 65791
      View Details
    • $625,000

      Versatile Commercial Building in Thayer, MO

      Commercial building with office space, expansion potential, and vacant lot.
      1006 Nettleton Avenue, Thayer, MO 65791
      View Details
    • $155,000

      Ozark Hunting Land with Food Plot

      48.82 acres of established hunting paradise in Thayer, Missouri.
      2112 County Road 348, Thayer, MO 65791
      View Details
    • $172,500

      63 Acres of Ozark Land

      63 acre off-grid property near Thayer, Missouri.
      0 Oregon Co. 142-255, Thayer, MO 65791
      View Details
    • $399,900

      Versatile Commercial Building in Thayer, MO

      Commercial building with office space, storage, and expansion potential.
      1006 Nettleton Avenue, Thayer, MO 65791
      View Details

    FAQs

    What type of property is this?
    Land - 31.96 acres of land with road frontage.
    Where is this land located?
    The property is located at 63 Highway Thayer, MO.
    What is the asking price?
    The asking price for this property is $339,900.
    What are key features of this property?
    This property features: Large 31.96 ac M/L property size.; Great location on Hwy 63.; Minutes to Thayer and Mammoth Springs.
    (417) 554-2145
    We can help!
    Listing Contact
    Payton Watterson
    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
    63 Highway, Thayer, MO 65791
    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!