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    22742 State Hwy Elmer, MO 63538

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    22742 State Hwy Elmer, MO 63538

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

    Current Use by Public Records

    • Land

    Property Details for 22742 State Hwy

    Lot size
    26.46 lot acres
    Property type
    Land

    Description

    This exceptional 26.46-acre hunting and recreational property in Macon County, Missouri, presents a unique opportunity for outdoor enthusiasts. Located at 22742 State Highway, Elmer, MO 63538 (APN: 000008-0307-00000-000501), this secluded land boasts abundant wildlife, including deer and turkey. Two established deer stands and existing food plots enhance the hunting experience. A cozy two-bedroom, one-bathroom cabin offers comfortable lodging, while an RV hook-up provides additional accommodation options for guests. The property also features utilities in place for a potential shop and land suitable for a pond. Built in 2023, this turnkey hunting retreat is ready for immediate enjoyment. Escape to the tranquility of the Missouri wilderness and embrace the ultimate hunting paradise. This property is priced at $295,000 and offers a blend of comfort and prime hunting opportunities in a peaceful rural setting. The property's location provides easy access while maintaining a secluded feel, perfect for those seeking a private hunting getaway. Don't miss this chance to own your own slice of Missouri hunting heaven.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elmer
    County
    Macon
    State
    Missouri
    Longitude
    -92.6686
    Latitude
    39.9609

    Comparable in this City

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      1,000 SF

      Side Missouri St St

      STORE, RETAIL OUTLET • 1,000 SF
      Side Missouri St St, Elmer, MO 63538
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    • Value Estimation by Request
      2,800 SF

      14873 Evergreen Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,800 SF
      14873 Evergreen Ave, Elmer, MO 63538-2407
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    • Value Estimation by Request
      960 SF

      100 Missouri St

      OFFICE BUILDING • 960 SF
      100 Missouri St, Elmer, MO 63538
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    • Value Estimation by Request
      3,456 SF

      117 Santa Fe St

      WAREHOUSE, STORAGE • 3,456 SF
      117 Santa Fe St, Elmer, MO 63538
      View Details
    • Value Estimation by Request
      6,000 SF

      17456 State Hwy F F

      BULK STORAGE, TANKS • 6,000 SF
      17456 State Hwy F F, Elmer, MO 63538
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    • Value Estimation by Request
      5,000 SF

      100 Missouri St

      WAREHOUSE, STORAGE • 5,000 SF
      100 Missouri St, Elmer, MO 63538
      View Details

    Similar Nearby for Sale

    • $799,000
      Pending

      Mature Deer Hunting Farm

      160-acre hunting farm with shouse, shop, food plots, and ponds.
      16459 Hwy, Elmer, MO 63538
      View Details
    • $235,850
      53.00 Acres

      Elmer, MO Hunting/Recreational Land

      53+/- acres adjoining Hidden Hollow Conservation Area.
      000 Festival Ave, Elmer, MO 63538
      View Details
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    22742 State Hwy
    Elmer, MO 63538
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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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