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    Lake Viking Waterfront Lot Title is generated by Realmo AI

    Lot 736 Yacht Club Circle, Altamont, MO 64620

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    Claim this Listing
    For Sale
    $250,000

    Waterfront lot offering recreation, relaxation, and lake access.

    Type:Land / Unimproved Land
    Added:
    Dec 21, 2025
    Days on Market:
    165
    Last Refresh:
    Mar 13 at 5:25 pm

    Property Features for Lot 736 Yacht Club Circle

    General Information

    Standard status
    Active
    Property subtype
    Land / Unimproved Land

    We can help!

    Listing Contact
    Tanya Burns
    Tanya Burns

    Listing agent Tanya Burns License #2014007506

    Listing office RE/MAX Town and Country

    Listing date Dec 21, 2025

    Source Compass

    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 RE/MAX Town and Country

    HighLights

    • Waterfront lot on Lake Viking
    • Access to Lake Viking amenities
    • Yacht Club privileges included
    • Ideal for recreation and relaxation
    • Storage shed included
    • Sought‑after community

    Overview

    This waterfront lot at Lake Viking provides a setting for recreation and relaxation. The property offers access to Lake Viking amenities and Yacht Club privileges. A storage shed is included. This lot is located in a sought-after community and is suitable for recreational use.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Hotel & Motel (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Altamont
    County
    Daviess
    State
    Missouri
    Longitude
    -94.07996
    Latitude
    39.912426

    Nearby Similar for Sale

    • $235,000

      Waterfront Land with Dock

      Residential waterfront lot with dock, boat lift, and jet ski port for building a lake-ready retreat.
      Lake Viking Terrace lot: 718, Altamont, MO 64620
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    • $199,900

      Waterfront Lot on Lake Viking

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      Lot 367 Lake Viking Terrace, Altamont, MO 64620
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    • $25,000

      Level Waterfront-Adjacent Land

      Level, treeless lot across from Lake Viking offers lake views and flexibility for a getaway home or storage for lake gear.
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    • $25,000

      Level Waterfront Land Lot

      Residential lot across from Lake Viking, offering level, treeless land for a lake retreat or storage build.
      Lot 1577 Lake Viking Terrace, Altamont, MO 64620
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    • $25,000

      Lake Viking Residential Lot

      Residential lot at Lake Viking with lake views and amenities.
      Lot 1585 Lake Viking Terrace, Altamont, MO 64620
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    • $15,000

      Lake Viking Vacant Lot

      0.36-acre vacant lot with lake access and amenities.
      Fisherman Road lot: 2396, Altamont, MO 64620
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    • $55,000

      Waterfront Residential Lake Lots

      Two adjacent residential lots at Lake Viking offer lake views and convenient access near Beach 3 and the community’s south entrance.
      Lake Viking Terrace lot: 2425 And Lot 2426, Altamont, MO 64620
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    • $9,000

      Oversized Lot Near Beach

      Cleared, gently sloping lot with water and electricity hook-ups.
      Lake Viking Terrace lot: 2675, Altamont, MO 64620
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    • $25,000

      Lake Viking Wooded Lot

      Partially wooded lot with Yacht Club slip and amenities.
      Lot 3109 Lake Viking Terrace, Altamont, MO 64620
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    • $13,000

      Oversized Lot Near Community Area

      Cleared, gently sloped lot with water and electricity hook-ups.
      Lake Viking Terrace lot: 1569, Altamont, MO 64620
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    • $50,000

      Residential Land Near Lake Viking

      Residential lot near Lake Viking, Altamont, Missouri.
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    • $24,500

      Lake Viking Land For Sale

      Lake Viking property near beach with gravel driveway and storage building.
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      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Waterfront lot offering recreation, relaxation, and lake access.
    Where is this waterfront land located?
    The property is located at Lot 736 Yacht Club Circle Altamont, MO.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Waterfront lot on Lake Viking; Access to Lake Viking amenities; Yacht Club privileges included
    (660) 605-0059
    We can help!
    Listing Contact
    Tanya Burns
    Tanya Burns
    Real Estate License ID: 2014007506
    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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