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    Property profile & analytics

    241 Edgewood Ave Memphis, MO 63555

    • Commercial real estate
    • 7.40 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US48-2468464
    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 241 Edgewood Ave

    Lot size
    7.40 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 7.4-acre property in Memphis, Missouri, presents a unique opportunity to own a charming home nestled amidst a picturesque landscape. The two-story home, built in 1900 and boasting 1,798 square feet of living space, has undergone tasteful updates throughout the years. These improvements include vinyl windows and siding, a remodeled kitchen and bathrooms, updated flooring, and a new front porch (April 2022) and two new garage doors (2024). The home features five bedrooms and two bathrooms, providing ample space for family and guests. A two-car detached garage offers convenient parking and storage. The property's 7.4 acres offer a blend of open fields and timber, providing privacy and potential for various uses, including livestock or additional structures. The home includes propane heat with a wood-burning option and central air conditioning. Enjoy stunning southern views from the upstairs bedrooms, overlooking crop fields and the North Fabius River bottom. Located in the heart of Memphis, Missouri, this property offers the tranquility of country living while being close to amenities such as Scotland County Hospital, Scotland County R1 schools, and various local businesses. The property's location in Scotland County provides easy access to a thriving community with a small-town feel. This rare opportunity combines the charm of a beautifully updated home with the spaciousness of a sizable, versatile lot.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Memphis
    County
    Scotland
    State
    Missouri
    Longitude
    -92.1759741
    Latitude
    40.4565249
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    241 Edgewood Ave
    Memphis, MO 63555
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    Realmo Value Estimation

    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.

    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.

    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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