0 Institute St Richmond, MO 64085
This 12.88-acre property, located at the end of N Institute Street in Richmond, Missouri (zip code 64085), presents a unique opportunity. Situated just outside city limits, this land offers the tranquility of a rural setting with convenient access to Richmond's amenities. The property is ideal for those seeking a secluded homesite or for developers looking for an excellent opportunity. An existing easement runs in front of two homes on the property. A sign is located at the entrance for easy identification. The land is classified as Farm and Agricultural. The asking price for this exceptional piece of Missouri real estate is $149,900. The property's location offers a blend of rural peace and urban convenience, making it a highly desirable location for various purposes. Its size and zoning make it suitable for a variety of development projects or for creating a private retreat. The coordinates for the property are 39.2814441 latitude and -93.9649298 longitude, within Ray County, Missouri. This is a rare opportunity to acquire a substantial parcel of land in a desirable location.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.