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    924 Old Cape Rd Jackson, MO 63755

    For Sale
    $114,900

    1.08 Acres, R-4 Zoning, Development Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1.08-acre lot presents a prime multifamily development opportunity in Jackson, Missouri. Located at 924 Old Cape Rd, zip code 63755, this property is uniquely positioned within Cape Girardeau County. The land is zoned R-4 General Residential, allowing for a variety of development options, including single-family homes, duplexes, or multi-family residential buildings. This presents a rare chance to capitalize on the growing demand for housing in the area. The gently sloping terrain to the rear of the lot offers a desirable building site. The asking price for this highly sought-after parcel is $114,900. Its location in Jackson, MO makes it particularly attractive due to the limited availability of lots zoned for multi-family development. This presents a significant advantage for developers seeking to build in this thriving community. The property's size and zoning make it an ideal investment for those looking to create a profitable residential project. Serious inquiries are encouraged to explore the potential of this exceptional development opportunity. The coordinates for the property are latitude 37.3768806 and longitude -89.6569003. Broker cooperation is available.

    Property Features for 924 Old Cape Rd

    General Information

    Property type
    Multifamily properties
    Lot Size
    47,045 SF

    HighLights

    • $114,900 asking price.
    • 1.08‑acre lot.
    • R‑4 multifamily zoning.
    • Located at 924 Old Cape Rd, Jackson, MO 63755.
    • Broker co‑op available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Cape Girardeau
    State
    Missouri
    Longitude
    -89.6569003
    Latitude
    37.3768806

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    FAQs

    What type of property is this?
    Multifamily property - 1.08 Acres, R-4 Zoning, Development Ready
    Where is this multifamily property located?
    The property is located at 924 Old Cape Rd Jackson, MO.
    What is the asking price?
    The asking price for this property is $114,900.
    What are key features of this property?
    This property features: $114,900 asking price.; 1.08-acre lot.; R-4 multifamily zoning.
    Request Owner's contact information
    924 Old Cape Rd Jackson, MO 63755
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    Jackson, MO 63755
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    Realmo Value Estimation

    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.

    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.

    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
    924 Old Cape Rd Jackson, MO 63755
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