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    803 Terra Ln O'Fallon, MO 63366

    For Sale
    $1,550,000

    4.2-acre commercial/residential land, 1920 sq ft garage

    Property size:
    1,920 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional O'Fallon, Missouri property presents a unique investment opportunity encompassing 4.2 acres of land, strategically divided into two parcels with separate tax IDs: 2-056B-S028-00-0083.0000000 and 2-056B-S028-00-0084.0000000. The property includes a 1,920 square foot building currently configured as an oversized four-car garage. One parcel, spanning 1.68 acres, is zoned residential and features a house with three or more bedrooms, two full bathrooms, and two half bathrooms. Currently occupied, please do not disturb the tenants. The adjacent 2.52-acre parcel is zoned commercial, offering significant development potential. Located at 803-807 East Terra Lane, O'Fallon, MO 63366, this property's versatility makes it ideal for a variety of uses. The asking price for this combined commercial and residential land is $1,550,000. This prime location in St. Charles County offers easy access to major transportation routes and amenities. Serious inquiries only.

    Property Features for 803 Terra Ln

    General Information

    Property type
    Distribution properties
    Square Feet
    1,920 SF
    Lot Size
    182,952 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    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
    O'Fallon
    County
    St. Charles
    State
    Missouri
    Longitude
    -90.6867382
    Latitude
    38.8034376

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    FAQs

    What type of property is this?
    Distribution property - 4.2-acre commercial/residential land, 1920 sq ft garage
    Where is this distribution property located?
    The property is located at 803 Terra Ln O'Fallon, MO.
    What is the asking price?
    The asking price for this property is $1,550,000.
    Request Owner's contact information
    803 Terra Ln O'Fallon, MO 63366
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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
    803 Terra Ln O'Fallon, MO 63366
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