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    OFF-MARKET
    Land

    123 Co Rd, Annapolis, MO 63620

    29 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 29-acre property in Iron County, Missouri, presents a unique investment opportunity. Located off County Road 123 near Glover, MO, zip code 63620 (latitude 37.4755431, longitude -90.6707365), the land is primarily comprised of pastureland, ideal for various uses. The property includes a three-bedroom, two-bathroom single-wide mobile home, currently generating a monthly rental income of $500. Built in 2003, this mobile home provides immediate cash flow. The location offers unparalleled access to popular outdoor attractions, including the Black River, Johnson's Shut-Ins State Park, and Elephant Rocks State Park, making it attractive for recreational pursuits or tourism-related ventures. The peaceful setting provides an ideal location for building a home or developing a small-scale commercial enterprise. The asking price for this expansive property is $399,999. This represents a compelling opportunity to acquire a significant landholding with existing income potential in a desirable location. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Land
    Lot 29 ac (1,263,240 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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