Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lake Viking Ter Gallatin, MO 64640
    Back to Search
    Property profile & analytics

    Lake Viking Ter Gallatin, MO 64640

    View on Map
    • Specialty properties
    • 0.44 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 0 Lake Viking Ter

    Lot size
    0.44 lot acres
    Property type
    Specialty properties
    Property subtype
    Land

    Description

    This exceptional 0.44-acre lot at Lake Viking Ter Lot 2238 in Gallatin, Missouri (zip code 64640, APN 15-4.2-20-3-07-09), presents a unique opportunity for residential development. Zoned RES, this nearly half-acre parcel is remarkably level and boasts a prime corner location. Its proximity to the dam and Community Area #15 is a significant advantage, offering convenient access to a dock and covered shelter perfect for fishing and picnics. The lot's strategic placement near the west and main entrance ensures easy access to the marina with boat launch, clubhouse featuring a pool and beach area. Lake Viking provides a wealth of recreational activities, including swimming, boating, tubing, kayaking, and fishing. This property is ideal for those seeking a tranquil lakeside retreat with easy access to a vibrant community and a wide array of amenities. The asking price is $14,000. Don't miss this chance to own a piece of Lake Viking.

    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
    Gallatin
    County
    Daviess
    State
    Missouri
    Longitude
    -94.0557
    Latitude
    39.9344

    Comparable in this City

    • Value Estimation by Request
      0.36 Acres

      SU2504 Gulfstream Dr

      Specialty properties • 0.36 Acres
      SU2504 Gulfstream Dr, Gallatin, MO 64640
      View Details
    • Value Estimation by Request
      0.39 Acres

      2117 Barracuda Rd

      Specialty properties • 0.39 Acres
      2117 Barracuda Rd, Gallatin, MO 64640
      View Details
    • Value Estimation by Request
      0.37 Acres

      3074 Lake Viking Ter

      Specialty properties • 0.37 Acres
      3074 Lake Viking Ter, Gallatin, MO 64640
      View Details
    • Value Estimation by Request
      0.36 Acres

      SU2509 Gulfstream Dr

      Specialty properties • 0.36 Acres
      SU2509 Gulfstream Dr, Gallatin, MO 64640
      View Details
    • Value Estimation by Request
      0.96 Acres

      7093 Schooner Dr

      Specialty properties • 0.96 Acres
      7093 Schooner Dr, Gallatin, MO 64640
      View Details
    • Value Estimation by Request
      0.35 Acres

      Corrine St

      Specialty properties • 0.35 Acres
      0 Corrine St, Gallatin, MO 64640
      View Details

    Similar Nearby for Sale

    • $68,000
      0.93 Acres

      Lake Viking Terrace Lots

      Missouri lakefront land, build your dream home!
      1844 Lake Viking Ter, Gallatin, MO 64640
      View Details
    • New
      Contact for pricing
      0.37 Acres

      Land at Lake Viking

      Land for sale in Gallatin, Missouri, at Lake Viking.
      Scuba Ct, Gallatin, MO 64640
      View Details
    • $480,000
      60.00 Acres

      Missouri Farmland - 60 Acres

      Prime Missouri farmland near Lake Viking
      0000 Nickel Ave, Gallatin, MO 64640
      View Details
    • Contact for pricing

      Land For Sale

      Land available near Lake Viking Terrace, Gallatin, MO 64640
      2497 Lake Viking Ter, Gallatin, MO 64640
      View Details
    • Contact for pricing

      Lake Viking Terrace Land

      Land available in Lake Viking Terrace, Gallatin, Missouri.
      2498 Lake Viking Ter, Gallatin, MO 64640
      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.
    Lake Viking Ter
    Gallatin, MO 64640
    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
    Lake Viking Ter, Gallatin, MO, 64640
    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!