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    315Th St Drexel, MO 64742
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    315Th St, Drexel, MO 64742

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    • Land
    • 4.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 315Th St

    Lot size
    4.00 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 4-acre property in Drexel, Missouri, presents a unique investment opportunity. Located on a hard-surfaced road (S State Rd D) with additional gravel frontage on 315th Street, this wooded parcel boasts a desirable corner location. Its strategic position offers convenient access and visibility. A significant advantage is its proximity to a large lake on an adjacent property, enhancing its recreational appeal and potential value. The land's natural wooded character provides a tranquil setting, while its potential uses are diverse. The property is classified as agricultural land, suitable for various purposes, including pasture or potentially tillable land after some clearing. For those seeking a larger holding, an adjacent 13-acre parcel (MLS# 2516858) is available for purchase, creating a combined 17-acre tract with a balanced mix of wooded and open areas. The asking price for this 4-acre parcel is $89,900, offering a compelling entry point into the Missouri farmland market. The property's address is 4-acres E 315th Street, Drexel, MO 64742, situated in Cass County. This location provides easy access to local amenities and transportation routes. Don't miss this chance to acquire this versatile and well-situated piece of Missouri land.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Drexel
    County
    Cass
    State
    Missouri
    Longitude
    -94.5767
    Latitude
    38.5489

    Comparable in this City

    • Value Estimation by Request
      30.00 Acres

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    • Value Estimation by Request
      17.00 Acres

      315Th St

      Farms
      0 315Th St, Drexel, MO 64742
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    • Value Estimation by Request
      10.00 Acres

      33704 State Rte D Hwy

      Farms
      33704 State Rte D Hwy, Drexel, MO 64742
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    • Value Estimation by Request
      30.00 Acres

      12501A County Road 14002

      Farms
      12501A County Road 14002, Drexel, MO 64742
      View Details
    • Value Estimation by Request
      59.90 Acres

      000 1St St

      Farms
      000 1St St, Drexel, MO 64742
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    • Value Estimation by Request
      8.80 Acres

      5 State Rte Hwy

      Farms
      5 State Rte Hwy, Freeman, MO 64742
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    Similar Nearby for Sale

    • Contact for pricing

      Wooded Corner Property for Sale

      4-acre wooded corner property with road frontage.
      E 315Th St, Drexel, MO 64742
      View Details
    • $116,250
      7.50 Acres

      7.5 Acre Tract Near Freeman

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      State Rte Hwy W, Drexel, MO 64742
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      7.5 Acre Tract Near Freeman

      7.5 acre tract near Freeman, build your dream home!
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      20.00 Acres

      20 Acres Cass County Land

      20-acre property in a gated community with utilities and diverse terrain.
      10500 E 329Th St, Drexel, MO 64742
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    • $38,500
      0.12 Acres

      Corner Lot for New Business

      Corner gravel lot suitable for various commercial purposes.
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    • $240,000
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      Commercial Property in Growing Community

      Commercial property with steel shop in a growing community.
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    Drexel, MO 64742
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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.

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