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    Property profile & analytics

    212 Lake Viking Ter Gallatin, MO 64640

    • Commercial real estate
    • 0.55 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-2377899
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 212 Lake Viking Ter

    Lot size
    0.55 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.55-acre lot at 212 Lake Viking Terrace in Gallatin, Missouri (zip code 64640), offers an unparalleled opportunity for lakeside living. Located in the desirable Lake Viking community, this property boasts direct access to a private cove, providing serene and tranquil water views. The asking price is $229,900. A key feature is the included boat dock and lift, simplifying access to the lake for boating and water sports enthusiasts. The lot itself is categorized as recreational land, ideal for building a vacation home, a tranquil retreat, or simply enjoying the natural beauty of the area. Situated in Daviess County, Missouri, this property provides easy access to the amenities and attractions of Lake Viking. The coordinates are 39.9155219 latitude and -94.0696652 longitude. This is a rare opportunity to own a piece of lakefront paradise, perfect for those seeking a peaceful escape or a vibrant recreational lifestyle. Don't miss out on this chance to own your own slice of Lake Viking. The property is ready for your vision and offers endless possibilities for creating your dream lakeside getaway.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Gallatin
    County
    Daviess
    State
    Missouri
    Longitude
    -94.0696652
    Latitude
    39.9155219

    Comparable in this City

    • Contact for pricing
      0.39 Acres

      Lake Viking Lot: Build Your Dream

      Prime lakefront lot, buildable, recreational.
      2117 Barracuda Rd, Gallatin, MO 64640
      View Details
    • Contact for pricing
      0.56 Acres

      Lake Viking Lot: Prime Waterfront Land

      Recreational lot, half-acre, lake access.
      3038 Lake Viking Ter, Gallatin, MO 64640
      View Details
    • Contact for pricing
      0.37 Acres

      Lake Viking Lot: Prime Building Site

      Recreational Land, 0.37 Acres, Lake Access
      2095 Barracuda Rd, Gallatin, MO 64640
      View Details
    • Contact for pricing
      0.37 Acres

      Lake Viking Residential Lot

      Prime Lakefront Lot, 0.37 Acres
      2023 Admiral Dr, Gallatin, MO 64640
      View Details
    • Contact for pricing
      0.30 Acres

      Lake Viking Buildable Lot, Missouri

      Secluded lakefront lot with stunning views.
      0 Lake Viking Ter, Gallatin, MO 64640
      View Details
    • $40,000
      0.36 Acres

      Lake Viking Storage Lot - Missouri

      0.36-acre lot near Lake Viking. Perfect for a pole barn.
      SU2508 Gulfstream Dr, Gallatin, MO 64640
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.56 Acres

      Lake Viking Lot: Prime Waterfront Land

      Recreational lot, half-acre, lake access.
      3038 Lake Viking Ter, Gallatin, MO 64640
      View Details
    • Contact for pricing
      0.39 Acres

      Lake Viking Lot: Build Your Dream

      Prime lakefront lot, buildable, recreational.
      2117 Barracuda Rd, Gallatin, MO 64640
      View Details
    • $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
    • Contact for pricing
      0.37 Acres

      Lake Viking Lot: Prime Building Site

      Recreational Land, 0.37 Acres, Lake Access
      2095 Barracuda Rd, Gallatin, MO 64640
      View Details
    • $40,000
      0.36 Acres

      Lake Viking Storage Lot

      Prime Lakefront Storage Land, $40,000
      SU2509 Gulfstream Dr, Gallatin, MO 64640
      View Details
    • Contact for pricing
      0.37 Acres

      Lake Viking Residential Lot

      Prime Lakefront Lot, 0.37 Acres
      2023 Admiral Dr, Gallatin, MO 64640
      View Details
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    212 Lake Viking Ter
    Gallatin, MO 64640
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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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