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    Scenic Ranch with Fertile Land Title is generated by Realmo AI

    916 County Road 5390, Salem, MO 65560

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    Claim this Listing
    New
    For Sale
    $650,000

    Ranch,Traditional, Farm - Salem, MO

    Type:Farm
    Property size:
    2,454 SF
    Lot size:
    80.60 Acres
    Price / SF:
    $264/SF
    Added:
    May 29, 2026
    Days on Market:
    1
    Last Refresh:
    May 29 at 10:06 pm

    Property Features for 916 County Road 5390

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Parking features
    Garage, Garage - Attached, Oversized
    Pool private
    1
    Interior features
    Breakfast Bar, Built-in Features, Ceiling Fan(s), Country Kitchen, Custom Cabinetry, Double Vanity, High Ceilings, Kitchen Island, Kitchen/Dining Room Combo, Lever Faucets, Open Floorplan, Pantry, Separate Shower, Soaking Tub, Stone Counters, Sunken Living Room, Vaulted Ceiling(s), Walk-in Closet(s), Workshop/Hobby Area
    Exterior features
    Garden, Fencing, Pool
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Dishwasher, Microwave, Range, Refrigerator, Refrigerator - Built-in, Washer
    Standard status
    Active
    APN
    13-5.0-16-0-00-005.000
    Size
    2,454 SF
    Lot size
    80.60 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1604

    Utilities

    Heating system
    Electric (Heating), Fireplace(s), Forced Air, Heat Pump (Heating), Wood (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric

    Building Details

    Year built
    2007
    Flooring type
    Tile, Tile - Ceramic, Vinyl
    Building materials
    Stone, Vinyl Siding
    Architectural style
    New Traditional

    We can help!

    Listing Contact
    Erik Kean
    Erik Kean

    Listing agent Erik Kean License #2016031717

    Listing office EXP Realty LLC 713 Missouri Ave, St. Robert, MO

    Listing date May 29, 2026

    MLS# 26029998 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

    • 25 acres of fertile land ideal for farming, recreation and outdoor living
    • New 40x60 shop (built in 2025) with power, electric, and 16‑foot doors
    • Multiple heating options available including electric heat pump, propane furnace
    • Spacious primary suite with walk‑in dressing room, deep soaking tub, and separate shower
    • Breathtaking hilltop views and expansive windows providing abundant natural light
    • Approximately 10 acres of cross‑fenced pasture with water and electric service, multiple water spigots, fruit trees, and garden plots

    Overview

    This property features a 3-bedroom, 2-bath home situated on a scenic hill with views of the surrounding countryside. Located on the headwaters of the Meramec River, the 80.6-acre property includes approximately 25 acres of fertile tillable bottom ground, pasture, and wooded acreage. The home is equipped with multiple heating options, including an electric heat pump, propane furnace, and a Hardy outdoor wood stove that also supplies hot water. The kitchen has both an electric range and a propane hookup available. A water filtration system, water softener, and UV light system are located in the mechanical room. Expansive windows provide natural light and views. The living room and primary suite each feature gas fireplaces. The primary suite includes a walk-in dressing room, deep soaking tub, and separate shower. Approximately 10 acres of cross-fenced pasture includes water and electric service, multiple water spigots, fruit trees, garden plots, and a 40-foot above-ground pool. A new 40x60 shop with power, electric, and 16-foot doors is planned for construction in 2025. Additional wooded acreage is located across County Road 5380. The property is located in Salem, MO.
    Property Profile Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Salem
    County
    Dent
    State
    Missouri
    Longitude
    -91.38545083
    Latitude
    37.55795688

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    FAQs

    What type of property is this?
    Farm - Remarkable 3-bedroom home on 80.6 acres with tillable ground.
    Where is this farm located?
    The property is located at 916 County Road 5390 Salem, MO.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: 25 acres of fertile land ideal for farming, recreation and outdoor living; New 40x60 shop (built in 2025) with power, electric, and 16‑foot doors; Multiple heating options available including electric heat pump, propane furnace
    (573) 451-2020
    We can help!
    Listing Contact
    Erik Kean
    Erik Kean
    Real Estate License ID: 2016031717
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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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