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    28156 Overland Rd El Dorado Springs, MO 64744

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    28156 Overland Rd El Dorado Springs, MO 64744

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    • Commercial real estate
    • 206.89 lot acres
    Off-Market
    Property ID
    US48-1993113
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 28156 Overland Rd

    Lot size
    206.89 lot acres
    Property type
    Commercial real estate

    Description

    Exceptional 206.89-acre recreational and agricultural property located in Vernon County, Missouri, at 28156 E Overland Road, El Dorado Springs, zip code 64744. This property boasts diverse terrain, ranging from mature upland and bottomland timber to fertile agricultural fields, offering a unique blend of hunting and income-generating opportunities. The land features a significant elevation change, creating varied habitats ideal for wildlife, including deer and turkey. Clear Creek, a substantial creek system, runs through the property, providing a year-round water source, supplemented by two additional ponds. Multiple secluded fields along Clear Creek offer fertile soil for agricultural production, contributing to a consistent income stream. The property's secluded nature, with road frontage only along the north boundary, enhances its privacy and hunting appeal. Internal roads and trails provide easy access throughout the acreage. Existing utilities, including water and electricity, are already on-site, making it suitable for building a home or hunting cabin. The property's strategic location in southwest Missouri, combined with its diverse features and income potential, presents a rare investment opportunity. The asking price is $1,185,000.

    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
    El Dorado Springs
    County
    Vernon
    State
    Missouri
    Longitude
    -94.0797078
    Latitude
    37.8211632

    Comparable in this City

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    • $221,000
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      El Dorado Springs Hunting Land

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    • Contact for pricing
      10,018 SF

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    Similar Nearby for Sale

    • $990,000
      140.00 Acres

      El Dorado Springs Farmhouse and Land

      140 acre farm with spacious home and steel shop.
      610 S Ee Hwy, El Dorado Springs, MO 64744
      View Details
    • $580,000
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      50 Acre Farm with Home

      50 acre farm with a 5-bedroom home and shop.
      3385 SW Vv Hwy, El Dorado Springs, MO 64744
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    • $49,000
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      Land with Shop near ElDorado

      1.43 acre land with 30x40 shop, versatile opportunity.
      900 S Highway, El Dorado Springs, MO 64744
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    • $525,000
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      El Dorado Springs Land Opportunity

      7.6 acres of land in thriving El Dorado Springs, MO.
      Jackson St, El Dorado Springs, MO 64744
      View Details
    • $221,000
      44.40 Acres

      El Dorado Springs Hunting Land

      44.4 acres with creek, ideal for hunting and fishing.
      El Dorado Springs, MO 64744
      View Details
    • Contact for pricing
      10,018 SF

      Downtown Investment Property Lot

      Investment property lot in downtown El Dorado Springs, Missouri.
      421 South Main St, El Dorado Springs, MO 64744
      View Details
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    28156 Overland Rd
    El Dorado Springs, MO 64744
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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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