Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Undeveloped Land in Farmington, MO Title is generated by Realmo AI

    7604 State Highway 32 - Lot 1, Farmington, MO 63640

    View on Map
    Claim this Listing
    New
    For Sale
    $59,000

    Land - Farmington, MO

    Lot size:
    3.14 Acres
    Added:
    May 11, 2026
    Days on Market:
    3
    Last Refresh:
    May 13 at 9:06 am

    Property Features for 7604 State Highway 32 - Lot 1

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Recreational
    Standard status
    Active
    APN
    UNKNOWN2
    Lot size
    3.14 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    75

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Misty Bloom

    Listing agent Misty Bloom License #2014012002

    Listing office My Real Estate, LLC 114 E. Columbia Street, MO

    Listing date May 11, 2026

    MLS# 26028954 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

    • 3.14 acres of undeveloped land
    • Located on Hwy 32, 6 miles from Farmington
    • Zero restrictions
    • Build your dream home
    • New survey uploading soon

    Overview

    This is 3.14 acres of raw, undeveloped land located approximately 6 miles from Farmington on Highway 32. The property has no restrictions, offering flexibility for various uses. The land is zoned for recreational purposes and is located in Ste. Genevieve County. A new survey will be available soon. The property is located near Farmington, Missouri.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Farmington
    County
    St. Francois
    State
    Missouri
    Longitude
    -90.3478
    Latitude
    37.7535

    Nearby Similar for Sale

    • $249,900
      3,008 SF

      Farmington Mixed-Use Property For Sale

      2574 SF mixed-use property with detached garage and ample parking.
      210 Hyler Drive, Farmington, MO 63640
      View Details
    • $1,425,000
      3,472 SF

      Turnkey Horse Operation with Arenas

      Equestrian property featuring barns, arenas, and comfortable living spaces.
      3952 Frye Road, Farmington, MO 63640
      View Details
    • $1,350,000
      32,376 SF

      Downtown Farmington Multi-Tenant Office Building

      Value-add opportunity with vacant suites and flexible tenancy.
      400 N Washington Street, Farmington, MO 63640
      View Details
    • $45,000

      Residential Lot in Greenbriar Hills

      0.62-acre residential lot in Farmington's Greenbriar Hills subdivision.
      809 St Albans Drive, Farmington, MO 63640
      View Details
    • $59,900

      Residential Land in Farmington, MO

      3.05 acres of unrestricted land near Farmington, Missouri.
      7604 State Highway 32 - Lot 5, Farmington, MO 63640
      View Details
    • $59,900

      Residential Land in Farmington, MO

      3.05 acres of unrestricted land near Farmington, Missouri.
      7604 State Highway 32 - Lot 4, Farmington, MO 63640
      View Details
    • $1,496,000
      15,000 SF

      Retail Space with Loading Dock

      Retail space featuring loading dock and parking in front and back.
      650 Walton Dr, Farmington, MO, 63640-1935
      View Details
    • $59,000

      Residential Land in Farmington, MO

      3.05 acres of unrestricted land near Farmington, Missouri.
      7604 State Highway 32 - Lot 2, Farmington, MO 63640
      View Details
    • $59,900

      Unrestricted Land Near Farmington

      3.05 acres of raw land near Farmington, Missouri.
      7604 State Highway 32 - Lot 3, Farmington, MO 63640
      View Details
    • Contact for pricing
      13,700 SF

      Retail Center on Market Street

      13,700 SF retail center, fully leased, on 1.14 acres.
      749 Market St, Farmington, MO
      View Details
    • $59,900

      Farmington Land For Sale

      3.14 acres of recreational land in Farmington, Missouri.
      7604 State Highway 32 - LOT 1, Farmington, MO 63670
      View Details
    • Contact for pricing

      Farmington Multifamily Portfolio Opportunity

      Two multifamily properties in Farmington, Missouri, with value-add potential.
      601 Wallace Road, Farmington, MO 63640-9260
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 3.14 acres of unrestricted land near Farmington, Missouri.
    Where is this residential land & home lot located?
    The property is located at 7604 State Highway 32 - Lot 1 Farmington, MO.
    What is the asking price?
    The asking price for this property is $59,000.
    What are key features of this property?
    This property features: 3.14 acres of undeveloped land; Located on Hwy 32, 6 miles from Farmington; Zero restrictions
    (573) 631-8199
    We can help!
    Listing Contact
    Misty Bloom
    Real Estate License ID: 2014012002
    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
    7604 State Highway 32 - Lot 1, Farmington, MO 63640
    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!