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    Commercial Land with Highway Frontage Title is generated by Realmo AI

    Highway 135 lot 1, Gravois Mills, MO 65037

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    For Sale
    $275,000

    LAND - Gravois Mills, MO

    Lot size:
    30.00 Acres
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 6:06 pm

    Property Features for Highway 135 lot 1

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Driveway
    Standard status
    Active
    APN
    204019100002005000
    Lot size
    30.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    on file
    Tax Annual Amount
    600

    We can help!

    Listing Contact
    Brad Deters
    Brad Deters

    Listing agent Brad Deters License #2023002565

    Listing office Weichert, Realtors(R) - Laurie Realty 304 N Main St 304 N Main St, Suite A, Laurie, MO

    Listing date Jun 5, 2026

    MLS# 3587911 Listing URL

    Copyright © 2026 Bagnell Dam Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Just over 30 acres of land just outside Laurie, Missouri
    • Approximately 1,000 feet of frontage along Highway 135
    • Additional access from Lake Trail Road
    • Land is primarily flat and usable along Highway 135 for building opportunities
    • Terrain gently slopes toward Lake Trail Road, offering flexibility for development plans
    • Buildings on different parcels are not for sale

    Overview

    This offering is a commercial land tract totaling approximately 30 acres. The property is primarily flat and usable along its Highway 135 frontage, supporting straightforward building placement. As the land extends toward Lake Trail Road, the terrain gently slopes, offering flexibility for a range of development concepts. The seller notes that buildings are located on different parcels and are not included in the sale, and additional photos are expected.

    The tract is located just outside of Laurie, Missouri, in Morgan County, with access provided from Highway 135 and additional ingress/egress from Lake Trail Road. The Highway 135 frontage is approximately 1,000 feet, creating a visible presence for commercial and development uses.

    For buyers seeking a sizable, accessible parcel, the combination of long highway exposure, usable flat ground near the frontage, and a secondary access point can support planning for multiple site layouts. This property may be of interest for commercial development, residential development, or other investment-driven uses where a large tract with prominent frontage and room to design around changing terrain is important.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Gravois Mills
    County
    Morgan
    State
    Missouri
    Longitude
    -92.848952
    Latitude
    38.216056

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    FAQs

    What type of property is this?
    Commercial land - Approximately 30 acres with about 1,000 feet of Highway 135 frontage and additional access from Lake Trail Road.
    Where is this commercial land located?
    The property is located at Highway 135 lot 1 Gravois Mills, MO.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Just over 30 acres of land just outside Laurie, Missouri; Approximately 1,000 feet of frontage along Highway 135; Additional access from Lake Trail Road
    (573) 789-9876
    We can help!
    Listing Contact
    Brad Deters
    Brad Deters
    Real Estate License ID: 2023002565
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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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