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    803 E Terra Ln O Fallon, MO 63366
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    803 E Terra Ln O Fallon, MO 63366

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    • Commercial land
    • 1,920 SF
    For Sale
    $800,000
    View Listing →
    Highway Frontage Property with Garage For Sale
    $800,000
    1,800 SF

    Highway Frontage Property with Garage

    Residential property with large garage, potential commercial use.

    O Fallon, MO
    View Listing
    Property ID
    US48-0666005
    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 land

    Property Details for 803 E Terra Ln

    Property size
    1,920 SF
    Property type
    Commercial land
    Property subtype
    Residential land & home lots

    Description

    This is a great piece of property that has so many potential uses. There are 2 lots combined to make up the 4.2 acres with 2 different tax ID’s. #2-056B-S028-00-0083.0000000, & #2-056B-S028-00-0084.0000000. There is a home on the one lot that has 3+ bedrooms and 2 full baths and 2 half baths. There is also a oversize 4 car garage that is a total of 1920 Sq. Ft. The lot on the left is 1.68 acres and it is classified as and residential lot. The lot of the right is 2.52 acres and it is classified as commercial. There are tenants in the home, DONOT disturb. Call the listing agent for more information.

    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
    O Fallon
    County
    St. Charles
    State
    Missouri
    Longitude
    -90.6872865
    Latitude
    38.8039766

    Comparable in this City

    • Contact for pricing
      1,433 SF

      Highway Commercial Land with House

      2.89 acres zoned C-3 Highway Commercial with 1433sf house.
      920 Bramblett Rd, O Fallon, MO 63366
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    • $695,000

      Highway Commercial Property on 2.89 Acres

      2.89 acres zoned C-3 Highway Commercial suitable for various uses.
      920 Bramblett Rd, O Fallon, MO 63366
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      31,568 SF

      Multi-Tenant Industrial Property For Sale

      31,568 SF industrial property with 100% occupancy and highway frontage.
      102-108 Crafton Dr, O Fallon, MO 63366
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    • $1,945,300
      7.98 Acres

      O'Fallon Land on Veterans Parkway

      7.98 acres ideal for mixed-use development in O'Fallon, MO.
      Veterans Memorial Pkwy, O Fallon, MO 63366
      View Details
    • $110,000
      0.41 Acres

      O'Fallon Commercial Land For Sale

      Prime commercial land with utilities in O'Fallon, Missouri.
      787 West Terra Ln, O Fallon, MO 63366
      View Details
    • $219,900
      0.76 Acres

      O'Fallon Commercial Land Opportunity

      Prime commercial land with highway visibility in O'Fallon, Missouri.
      775 West Terra Ln, O Fallon, MO 63366
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,433 SF

      Highway Commercial Land with House

      2.89 acres zoned C-3 Highway Commercial with 1433sf house.
      920 Bramblett Rd, O Fallon, MO 63366
      View Details
    • $695,000

      Highway Commercial Property on 2.89 Acres

      2.89 acres zoned C-3 Highway Commercial suitable for various uses.
      920 Bramblett Rd, O Fallon, MO 63366
      View Details
    • Contact for pricing
      31,568 SF

      Multi-Tenant Industrial Property For Sale

      31,568 SF industrial property with 100% occupancy and highway frontage.
      102-108 Crafton Dr, O Fallon, MO 63366
      View Details
    • $223,240
      1.28 Acres

      O'Fallon Commercial Land For Sale

      1.28 acre commercial land with excellent visibility in O'Fallon.
      Veterans Memorial Pkwy, O Fallon, MO 63366
      View Details
    • $999,000

      Commercial Land Lots Available

      Commercial land lots available for sale in O'Fallon, Missouri.
      Highway K, O Fallon, MO 63366
      View Details
    • Contact for pricing

      8275 Veterans Memorial Pkwy, O'Fallon, MO 63366

      Commercial land
      8275 Veterans Memorial Pkwy, O Fallon, MO 63366
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land For Lease

      Commercial land available for lease in O'Fallon, Missouri.
      2208 State Hwy, O Fallon, MO 63366
      View Details
    • Contact for pricing

      Commercial Land with Road Frontage

      Commercial or mixed-use land with high visibility and utilities.
      Mexico Rd, O Fallon, MO 63366
      View Details
    • $12 SF/Yr
      4,750 SF

      O'Fallon Flex Space Available

      Versatile commercial space with office, showroom, and warehouse areas.
      102-212 Crafton Dr, O Fallon, MO 63366
      View Details
    • Contact for pricing

      Commercial Land I-70 Exposure

      1.4 acre commercial land suitable for retail or office.
      2100 W Terra Ln, O Fallon, MO 63366
      View Details
    • Contact for pricing

      Commercial Land on Tom Ginnever Ave

      2.25+/- acre commercial property on busy Tom Ginnever Ave.
      2 Tom Ginnever Ave, O Fallon, MO 63366
      View Details
    • Contact for pricing
      102,135 SF

      O'Fallon Warehouse Space Available

      102,135 SF warehouse space for lease in O'Fallon, MO.
      831 Lone Star Dr, O Fallon, MO 63366
      View Details
    View Listing
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    O Fallon, MO 63366
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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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