$150,000
●
House -
For Sale
1240 County Road 488
Poplar Bluff, MO 63901
Studio
0 Bath
1,440 Ft²
$746
Est. Monthly
About This Property
Bring your vision and finish this one-of-a-kind shop house! This
property features a durable red iron building that has been framed
and has roughed-in plumbing, giving you a great head start on
creating your own shop house, barndominium, or unique living space.
The interior is ready for someone to come in, complete the
finishes, and make it truly their own. Adding even more value is a
detached, spray-foamed shop equipped with electricity, a bathroom,
and its own water heater. Whether you need additional workspace,
storage, a hobby shop, or a place to run your business, this
building offers plenty of possibilities. If you're looking for a
property with a solid foundation and the opportunity to finish it
exactly the way you want, this one is worth a look!
Unit Size
1,440 Ft²
Days on Market
5 days
Land Size
1.00 acres
Price per sqft
$104
Property Type
House
Property Taxes
$9
HOA Dues
-
Year Built
-
Listed By
Ronnie Cline
Poplar Bluff Realty Inc
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 days ago (MARIS #MIS26061509)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 21, 2023 | No longer available | - | |
| No longer available | |||
| Dec 2, 2022 | In contract | - | |
| In contract | |||
| Aug 29, 2022 | Listed by Poplar Bluff Realty, Inc. | $29,900 | |
| Listed by Poplar Bluff Realty, Inc. | |||
| | |||
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Check out this really nice 1 acres lot in Neelyville School district juts minutes outside of Poplar Bluff. The lot has all utilities including county water, electric, and a septic and no restrictions! This is the perfect place to build your new home surrounded by other nice homes and cattle fields! Call today before this is gone!
| |||
Property Highlights
Parking Details
Has Garage
Has Carport
Garage Spaces: 4
Exterior Details
Square Footage: 1440
Square Footage Source: $0
Architectural Style: Other
Year Built: 2024
Levels: One
Construction Materials: Metal Siding
Lot Features: Back Yard, Front Yard
Lot Size Area: 43560
Lot Size Units: Square Feet
Lot Size Acres: 1
Lot Size Square Feet: 43560
Water Source: Public
Financial Details
Tax Annual Amount: $111
Utilities Details
Cooling Type: None
Heating Type: Other
Sewer : Septic Tank
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Butler
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Listed by: Ronnie Cline
Listed Office: Poplar Bluff Realty Inc - Listing courtesy of MARIS
Phone: 573-785-7600
Last Updated: 2026-10-01 15:10:34
Last Checked: 5 days
Data Source: MARIS, MLS# MIS26061509
Details provided by MARIS as Distributed by MLS Grid and may not match the public record.
Listed Office: Poplar Bluff Realty Inc - Listing courtesy of MARIS
Phone: 573-785-7600
Last Updated: 2026-10-01 15:10:34
Last Checked: 5 days
Data Source: MARIS, MLS# MIS26061509
Based on information submitted to the MLS GRID as of Oct 05 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information provided is exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MLS Grid.
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