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    Institute St Richmond, MO 64085

    For Sale
    $149,900

    Secluded Missouri farmland, excellent development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This 12.88-acre property, located at the end of N Institute Street in Richmond, Missouri (zip code 64085), presents a unique opportunity. Situated just outside city limits, this land offers the tranquility of a rural setting with convenient access to Richmond's amenities. The property is ideal for those seeking a secluded homesite or for developers looking for an excellent opportunity. An existing easement runs in front of two homes on the property. A sign is located at the entrance for easy identification. The land is classified as Farm and Agricultural. The asking price for this exceptional piece of Missouri real estate is $149,900. The property's location offers a blend of rural peace and urban convenience, making it a highly desirable location for various purposes. Its size and zoning make it suitable for a variety of development projects or for creating a private retreat. The coordinates for the property are 39.2814441 latitude and -93.9649298 longitude, within Ray County, Missouri. This is a rare opportunity to acquire a substantial parcel of land in a desirable location.

    Property Features for 0 Institute St

    General Information

    Property type
    Farms
    Lot Size
    561,053 SF

    HighLights

    • 12.88‑acre farm/agricultural land for sale at $149,900.
    • Excellent development opportunity or secluded homesite outside Richmond, MO city limits.
    • Convenient access to North Institute St.
    • Existing easement on the property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Richmond
    County
    Ray
    State
    Missouri
    Longitude
    -93.9649298
    Latitude
    39.2814441

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    FAQs

    What type of property is this?
    Farm - Secluded Missouri farmland, excellent development potential.
    Where is this farm located?
    The property is located at Institute St Richmond, MO.
    What is the asking price?
    The asking price for this property is $149,900.
    What are key features of this property?
    This property features: 12.88-acre farm/agricultural land for sale at $149,900.; Excellent development opportunity or secluded homesite outside Richmond, MO city limits.; Convenient access to North Institute St.
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    Institute St Richmond, MO 64085
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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
    Institute St Richmond, MO 64085
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