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    21884 State Hwy Wheatland, MO 65779

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    21884 State Hwy Wheatland, MO 65779

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    • Commercial real estate
    • 20.00 lot acres
    For Sale
    $400,000
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    Lakefront RV Park Investment Opportunity For Sale
    $400,000

    Lakefront RV Park Investment Opportunity

    20-Acre RV Park near Pomme de Terre Lake

    21884 State Hwy, Wheatland, MO 65779
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    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 21884 State Hwy

    Year built
    2024
    Lot size
    20.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 20-acre property, situated near the picturesque Pomme de Terre Lake in Wheatland, Missouri, presents a lucrative investment opportunity. Currently operating as a 16-spot RV park, this established business offers significant expansion potential to over 50 spots, catering to the growing demand for recreational vehicle camping in this highly sought-after location. The property includes a convenient shed housing coin-operated laundry facilities, enhancing guest comfort and convenience. The gently sloping terrain and open layout allow for straightforward expansion, enabling the addition of more RV hookups, communal areas, or premium amenities such as pull-through sites, fire pits, and picnic areas. Its proximity to Pomme de Terre Lake provides guests with easy access to a wide array of outdoor activities, including fishing and boating, attracting a consistent flow of visitors. The property's location near the lake, a popular destination for both locals and tourists, ensures a steady stream of potential customers. This turnkey operation includes a bulldozer, ready for any necessary land improvements or expansion projects. This is an ideal investment for those seeking a high-demand business with substantial growth potential in a desirable Missouri setting. The combination of existing infrastructure, expansion possibilities, and prime location makes this a truly unique opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wheatland
    County
    Hickory
    State
    Missouri
    Longitude
    -93.3574
    Latitude
    37.8901

    Comparable in this City

    • Value Estimation by Request
      12,960 SF

      22056 County Rd

      Commercial real estate • 12,960 SF
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      3,460 SF

      18613 Main St

      COMMERCIAL (GENERAL) • 3,460 SF
      18613 Main St, Wheatland, MO 65779-8553
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    • Value Estimation by Request
      5,250 SF

      21547 State Hwy 254

      COMMERCIAL (GENERAL) • 5,250 SF
      21547 State Hwy 254, Wheatland, MO 65779-8537
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    • Value Estimation by Request
      203.70 Acres

      Wheatland, MO 65779

      COMMERCIAL (GENERAL) • 203.70 Acres
      Wheatland, MO 65779
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    • Value Estimation by Request
      4,500 SF

      18787 Us Hwy

      Commercial real estate • 4,500 SF
      18787 Us Hwy, Wheatland, MO 65779
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    • Value Estimation by Request
      19.20 Acres

      18842 Speedway Dr

      COMMERCIAL (GENERAL) • 19.20 Acres
      18842 Speedway Dr, Wheatland, MO 65779
      View Details

    Similar Nearby for Sale

    • $400,000
      20.00 Acres

      Lakefront RV Park Investment Opportunity

      20-Acre RV Park near Pomme de Terre Lake
      21884 State Hwy, Wheatland, MO 65779
      View Details
    • $225,000
      12,960 SF

      Wheatland Storage Facility - Great Potential

      43-unit storage building, 2 acres, expansion possibilities.
      22056 County Rd, Wheatland, MO 65779
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    • $70,000
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      5 Acre Build-Ready Land

      5 acres with well, septic, pond near Pomme de Terre.
      Cyn Dr, Wheatland, MO 65779
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    • $45,900
      0.47 Acres

      Lake View Land in Wheatland

      Residential land with lake view, ready for building, near boat launch.
      21031 Possum Trot Trl, Wheatland, MO 65779
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    • $89,000
      0.15 Acres

      Cleared Lot in Wheatland, MO

      Cleared lot with camper stall and hookups near boat ramp.
      22413 Bluebird Trl, Wheatland, MO 65779
      View Details
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    Wheatland, MO 65779
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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.

    More about this property
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