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Listed by Sam R. Craft Reece Commercial - Springfield

$ 1,820,000

Est. payment -/mo

Save

Active

3447 Highway M Miller, MO 65707

3 Beds

2 Baths

2,035 SqFt

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Farm

Listing Status Active

Purchase Type For Sale

Square Footage 2,035 sqft

Price per Sqft $894

MLS Listing ID SOM60290231

Style Ranch

Bedrooms 3

Full Baths 2

Year Built 1964

Annual Tax Amount $4,123

Tax Year 2024

Lot Size 208.000 Acres

Acres 208.0

Property Sub-Type Farm

Property Description

The numbers make sense on this one. New investment opportunity in the Agricultural sector on a +/- 10% CAP rate farm. FARM: This alfalfa-hay & grain operation features majority Class 2 soils with 50% of the farm having a NCCPI (National Commodity Crop Productivity Index) above 78.5 and 31% having a NCCPI above 86.6. The farm has approximately 46 acres of fertile bottom land adjacent to Turnback Creek in the ''Dapue Silt Loam'' soil profile, which is considered ''Prime Farmland'' by the NRCS. Save the expense of establishing a productive alfalfa stand by purchasing an existing operation that has the fertilization and management history necessary for a top producing farm. FINANCIAL: This site's yield history should attract both active and passive agricultural producers. 2024 crop rotation had Wheat, Double Crop Soybeans, and Alfalfa for baleage. We estimate a 10 percent Capitalization Rate and a potential Internal Rate of Return of nearly 16.5%. Owner financing available. Call broker for full in-depth financial analysis. IMPROVEMENTS: Take advantage of depreciation with several property improvements including service roads, a 75x100 red-iron hay barn, a 65x100 red-iron barn, other equipment barns, water well, and an all brick 1,855+/- square foot home with 3 bedrooms and 2 bathrooms.

Location

State MO

County Lawrence

Rooms

Basement Unfinished, Partial

Interior

Interior Features Wash/Dry Connection, Laminate Counters, High Speed Internet

Heating Central

Cooling Central Air

Flooring Carpet, Laminate

Fireplaces Type Gas

Fireplace N

Exterior

Garage Spaces 2.0

Fence Barbed Wire

Utilities Available Cooperative

Roof Type Asphalt

Garage Yes

Building

Foundation Block

Sewer Septic Tank

Water Private Well

Structure Type Brick

Schools

Elementary Schools Miller

Middle Schools Miller

High Schools Miller

Others

Acceptable Financing Cash, USDA Loan, Owner Carry 1st, Conventional

Listing Terms Cash, USDA Loan, Owner Carry 1st, Conventional

Tracey Lightfoot

Broker | License ID: 2013014900

+1(417) 251-3039 | traceysellsbranson@gmail.com