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    K Hwy Hwy Norborne, MO 64680

    Sponsored
    For Sale
    $1,048,600

    194 Acres, Recreational Paradise

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 194-acre property in Ray County, Missouri, presents a unique investment opportunity. Situated near Norborne (zip code 64680), this versatile land boasts a captivating blend of natural features, ideal for hunting and recreation. The property includes a 60+ acre pasture area encircled by mature timber and a former quarry, now a picturesque lake. The abundance of aggregate material within the quarry offers potential for trail improvement or sale. A pre-existing building, complete with electricity and water hookups, provides a ready-made clubhouse or potential dwelling. The property is known for its abundant deer and turkey population, making it a prime hunting location. While there is a restriction against active mining operations (a lease release is available), the property's diverse features offer significant potential for various uses. Located along K Highway, this property offers convenient access while maintaining a secluded feel. The asking price is $1,048,600. This is a rare opportunity to own a substantial recreational and hunting property in Missouri's prime hunting territory.

    Property Features for 0 K Hwy Hwy

    General Information

    Property type
    Farms
    Lot Size
    8,450,640 SF

    HighLights

    • $1,048,600 asking price for 194 acres of Missouri agricultural land.
    • Located in Ray County, Missouri, near Norborne (zip code 64680).
    • Property includes a former quarry, lake, and significant timber.
    • Features approximately 60 acres of pastureland and abundant aggregate.
    • Suitable for hunting, recreation, and potential aggregate repurposing; no active mining allowed.
    • Existing building with electricity and water on‑site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Norborne
    County
    Ray
    State
    Missouri
    Longitude
    -93.76
    Latitude
    39.42

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    FAQs

    What type of property is this?
    Farm - 194 Acres, Recreational Paradise
    Where is this farm located?
    The property is located at K Hwy Hwy Norborne, MO.
    What is the asking price?
    The asking price for this property is $1,048,600.
    What are key features of this property?
    This property features: $1,048,600 asking price for 194 acres of Missouri agricultural land.; Located in Ray County, Missouri, near Norborne (zip code 64680).; Property includes a former quarry, lake, and significant timber.
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    K Hwy Hwy Norborne, MO 64680
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    Norborne, MO 64680
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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
    K Hwy Hwy Norborne, MO 64680
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