Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    10 Cobb Cir Odessa, MO 64076

    Sponsored
    For Sale
    $73,500

    Build Your Dream Home in The Hill!

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    404
    This exceptional 8,803 square foot residential lot is located in the desirable new The Hill subdivision in Odessa, Missouri, zip code 64076. Situated in Lafayette County, this property offers breathtaking panoramic views of Venita Lake and the scenic city park. The gently sloping lot faces east and northeast, providing ideal building opportunities for unique home designs that maximize the stunning views. The Hill offers a perfect blend of convenient access to amenities and a peaceful, serene environment. Its prime location provides easy access to a major highway, ensuring effortless commutes while maintaining a tranquil atmosphere. This lot is perfect for those looking to build their own custom home or for investors interested in developing a spec home in a highly sought-after neighborhood. Don't miss this chance to own a piece of Odessa's newest and most desirable community. The address is 10 Cobb Circle. The asking price is $73,500.

    Property Features for 10 Cobb Cir

    General Information

    Property type
    Land

    We can help!

    Listing Contact
    Danette Iman

    Learn more

    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Odessa
    County
    Lafayette
    State
    Missouri
    Longitude
    -93.9519382
    Latitude
    39.0009483

    Nearby Similar for Sale

    • $429,900
      0.86 Acres

      Versatile Commercial Building in Odessa

      8,000 SF commercial property with highway visibility in a growing area.
      309 E Park Ln, Odessa, MO 64076
      View Details
    • $1,350,000
      0.15 Acres

      Retail Building with National Tenant

      Retail building with long-term national tenant in downtown Odessa.
      101 S 2Nd St, Odessa, MO 64076
      View Details
    • $1,350,000
      2,195 SF

      Retail Property with National Tenant

      Property with long-term national tenant and rental increases.
      101 South 2Nd Street Ter, Odessa, MO 64076
      View Details
    • $395,000

      Prime Odessa Retail Opportunity

      Versatile Log Cabin, I-70 Access
      121 Us Highway 40, Odessa, MO 64076
      View Details
    • $350,000
      0.94 Acres

      Odessa Commercial Building - Huge Potential

      Spacious building, ample parking, high visibility.
      101 Old 40 Hwy, Odessa, MO 64076
      View Details
    • $750,000
      2.03 Acres

      Odessa Industrial Warehouse - $750k

      Spacious 9,600 sq ft industrial building with ample storage.
      315 Mason St, Odessa, MO 64076
      View Details
    • $459,900
      0.86 Acres

      Odessa, MO Commercial Property

      Multi-use building, high-traffic location.
      309 Park Ln, Odessa, MO 64076
      View Details
    • $1,900,000
      47,740 SF

      Odessa Multi-Use Building Investment

      High-yield multi-unit property, prime location.
      1276 Old Highway 40, Odessa, MO 64076
      View Details
    • $450,000

      Historic Odessa Retail Gem

      Charming log cabin, versatile space, prime location.
      121 Us Highway 40, Odessa, MO 64076
      View Details
    • $1,200,000
      30,000 SF

      Odessa Flex Space Investment

      30,000 SF Multi-Use Building, Missouri
      1304 Old Highway 40, Odessa, MO 64076
      View Details
    • $1,100,000
      31,060 SF

      Odessa Mixed-Use Investment Opportunity

      31,060 SF Vacant Building, High Potential
      1340 Old Highway 40, Odessa, MO 64076
      View Details
    • $1,250,000
      11,000 SF

      Odessa Medical Office Building For Sale

      Prime Medical Office, High Occupancy, Missouri
      316 Old 40 Hwy, Odessa, MO 64076
      View Details

    FAQs

    What type of property is this?
    Land - Build Your Dream Home in The Hill!
    Where is this land located?
    The property is located at 10 Cobb Cir Odessa, MO.
    What is the asking price?
    The asking price for this property is $73,500.
    Request Owner's contact information
    10 Cobb Cir Odessa, MO 64076
    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.
    10 Cobb Cir
    Odessa, MO 64076
    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
    10 Cobb Cir Odessa, MO 64076
    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

    We can help!
    Listing Contact
    Danette Iman
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.