Property profile

15 State Hwy Memphis, MO 63555

OFF-MARKET
Land
61 ac lot
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Property summary

AI-generated overview

This exceptional 61-acre commercial land parcel presents a unique investment opportunity in Scotland County, Missouri. Situated conveniently along State Highway 15, just half a mile north of Memphis, this property offers significant potential for a variety of uses. The expansive acreage provides ample space for agricultural pursuits, benefiting from fertile ground ideal for farming operations. Alternatively, the location offers a tranquil setting for residential development, providing a picturesque backdrop for a custom home or a small-scale residential community. The property's proximity to Memphis provides easy access to local amenities and services, while its highway frontage ensures excellent visibility and convenient transportation links. With its strategic location and substantial size, this land parcel represents a compelling investment opportunity for those seeking a versatile and well-positioned property in rural Missouri. The asking price is $499,999. The property is zoned for commercial use and is located at the address State Hwy 15, Memphis, MO 63555. The geographic coordinates are 40.4730456 latitude and -92.1718119 longitude. Serious inquiries are encouraged to explore the full potential of this remarkable land offering.

Property profile

Verified
Property type Land
Lot 61 ac (2,657,160 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

15 State Hwy Memphis, MO 63555
Memphis metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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