28151 Spanky Ln Waynesville, MO 65583
This exceptional 40-acre tract in Waynesville, Missouri, presents a unique investment opportunity. Strategically located just off Historic Route 66 and boasting over 2000 feet of frontage on Interstate 44 (Exit 153), this property offers unparalleled visibility to one of the nation's busiest highways. Situated in Pulaski County, near the midpoint between St. Louis and Springfield, this land benefits from its proximity to Waynesville and St. Robert, the county's largest municipalities, and Fort Leonard Wood, a major military training base. The mostly level acreage features two points of access—a private road and a dead-end street—with utilities readily available. Two ponds enhance the property's appeal. Its versatility allows for diverse development options, including single or multi-family residential projects, large sales lots, an RV park, storage units, or a commercial building. The property's western portion slopes gently eastward, offering a flat, open area near the private road for convenient access. Priced aggressively at $450,000, this is an exceptional value for a serious buyer seeking high-traffic exposure and development flexibility.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.