Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    13628 State Rte Y Hwy Drexel, MO 64742
    Property profile & analytics

    13628 State Rte Y Hwy, Drexel, MO 64742

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

    Current Use by Public Records

    • Land

    Property Details for 13628 State Rte Y Hwy

    Lot size
    246.00 lot acres
    Property type
    Land

    Description

    This exceptional 246-acre property in Drexel, Missouri, presents a unique investment opportunity. Located just 45 minutes from Overland Park, this expansive land boasts a captivating blend of commercial and residential potential. Currently featuring established motocross tracks and ATV trails, the property offers immediate revenue-generating possibilities. The diverse topography includes dramatic elevation changes, ranging from high timber to open valley, creating a stunning landscape. Beyond recreational uses, the land is ideal for hunting, with tranquil ponds and numerous trails. Recent improvements exceeding $245,000 have enhanced the property significantly. These improvements include over $200,000 in newly installed drain tile to ensure consistent water supply, expertly dredged ponds, and track enhancements with the addition of white rock and sand. A charming cabin is also present on the property. The property's size and features make it a rare find, suitable for both outdoor enthusiasts and astute investors seeking a unique and versatile investment. The property is zoned for both commercial and residential use, offering a wide range of development possibilities. This is a truly remarkable opportunity to own a substantial piece of Missouri land with significant potential. The asking price is $1,350,000. The property is located at 13628 State Route Y Highway, Drexel, MO 64742.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Drexel
    County
    Bates
    State
    Missouri
    Longitude
    -94.598
    Latitude
    38.407

    Comparable in this City

    • Value Estimation by Request
      58.90 Acres

      12501A County Road 14002

      Specialty properties
      12501A County Road 14002, Drexel, MO 64742
      View Details
    • 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
      10.00 Acres

      33704 State Rte D Hwy

      Farms
      33704 State Rte D Hwy, Drexel, MO 64742
      View Details
    • 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
      8.80 Acres

      5 State Rte Hwy

      Farms
      5 State Rte Hwy, Freeman, MO 64742
      View Details
    • Value Estimation by Request
      7.50 Acres

      2 State Rte Hwy

      Farms
      2 State Rte Hwy, Freeman, MO 64742
      View Details

    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

      7.5 acre tract near Freeman with Drexel address.
      State Rte Hwy W, Drexel, MO 64742
      View Details
    • $116,250
      7.50 Acres

      7.5 Acre Tract Near Freeman

      7.5 acre tract near Freeman, build your dream home!
      State Rte Hwy W, Drexel, MO 64742
      View Details
    • $359,000
      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
      View Details
    • $38,500
      0.12 Acres

      Corner Lot for New Business

      Corner gravel lot suitable for various commercial purposes.
      101 E Main St, Drexel, MO 64742
      View Details
    • $240,000
      2,000 SF

      Commercial Property in Growing Community

      Commercial property with steel shop in a growing community.
      101 W Main St, Drexel, MO 64742
      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.
    13628 State Rte Y Hwy
    Drexel, MO 64742
    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

    Thank You for Inquiry
    13628 State Rte Y Hwy, Drexel, MO, 64742
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!