Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    10 Highway Excelsior Springs, MO 64024

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10 Highway Excelsior Springs, MO 64024

    View on Map
    • Land
    • 2.84 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 10 Highway

    Lot size
    2.84 lot acres
    Property type
    Land

    Description

    This exceptional 2.84-acre parcel presents a unique opportunity for building a home in a tranquil setting. Conveniently located between Excelsior Springs and Richmond, Missouri, this property offers the best of rural living with easy access to nearby amenities. Situated just 6 miles from Excelsior Springs and 9 miles from Richmond, it provides a peaceful retreat while remaining within a short commute to essential services. The property is also approximately 20 miles from Liberty, offering additional options for shopping, dining, and entertainment. A gravel road, Short Road, borders the east side of the property, providing convenient access for driveway construction. Utilities are readily available, with water and electricity located adjacent to the property line, simplifying the construction process. For families with children, the added benefit of a school located directly next door makes this an ideal location. The asking price for this remarkable land is $60,500. This is a rare opportunity to acquire a sizable residential lot in a desirable location, offering both privacy and convenience. Don't miss out on the chance to build your dream home in this idyllic Missouri setting. The property is located at 10 Highway, Excelsior Springs, MO 64024, in Ray County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Excelsior Springs
    County
    Ray
    State
    Missouri
    Longitude
    -94.1746
    Latitude
    39.338

    Comparable in this City

    • Value Estimation by Request
      4.20 Acres

      Meadowlark Ln

      Land • 4.20 Acres
      0 Meadowlark Ln, Excelsior Springs, MO 64024
      View Details
    • Value Estimation by Request
      3.82 Acres

      12412 Klatt Rd

      Land • 3.82 Acres
      12412 Klatt Rd, Excelsior Springs, MO 64024
      View Details
    • Value Estimation by Request
      22.30 Acres

      3 New Garden Rd

      Farms • 22.30 Acres
      3 New Garden Rd, Excelsior Springs, MO 64024
      View Details
    • Value Estimation by Request
      1.07 Acres

      1655 Meadowlark Ln

      Multifamily properties • 1.07 Acres
      1655 Meadowlark Ln, Excelsior Springs, MO 64024
      View Details
    • Value Estimation by Request

      109 Thompson Ave

      Multifamily properties
      109 Thompson Ave, Excelsior Springs, MO 64024
      View Details
    • Value Estimation by Request
      8.90 Acres

      Mccleary Rd

      Specialty properties • 8.90 Acres
      0 Mccleary Rd, Excelsior Springs, MO 64024
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      4.3 acres of land available for sale.
      N 69 Hwy, Excelsior Springs, MO 64024
      View Details
    • $249,900
      8,400 SF

      215 South Street

      Historic Three Story Commercial Residential Building in the Heart of Historic Excelsior Springs, MO
      215 South St, Excelsior Springs, MO 64024
      View Details
    • $309,000
      0.11 Acres

      Renovated Triplex in Excelsior Springs

      Income-producing triplex with renovated units and parking.
      435 Benton Ave, Excelsior Springs, MO 64024
      View Details
    • $565,000
      0.11 Acres

      Mixed-Use Building in Downtown Excelsior

      100% occupied mixed-use building with commercial and residential units.
      101 W Broadway Ave, Excelsior Springs, MO 64024
      View Details
    • $1,150,000
      1.53 Acres

      Residential Investment Portfolio Package Sale

      7-property residential portfolio with 9 units in Excelsior Springs.
      106 Saratoga Ave, Excelsior Springs, MO 64024
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    10 Highway
    Excelsior Springs, MO 64024
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!