23145 County Road 151 N/A
Norborne, MO 64668
Map
- 4 beds
- 1 bath
- 1,500 sqft
- ~203 acre lot
- $1,161 per sqft
- – on site
Unique Investment Opportunity. Purchasing this property would offer you a 4% ROI through a mutually agreed lease-back arrangement and long-term appreciation potential. The seller is a 3rd generation owner and is looking to transfer ownership, while continuing to maintain the property on behalf of the new owner as part of the lease agreement. A true “turn-key” opportunity to own a world class recreational property without any of the hassles of equipment ownership or CRP maintenance. The current owner is well-connected with USDA, FSA, and DNR and has the knowledge, experience, equipment, and desire to continue the already established management practices. This property has been in CRP since 1987 and has abundant populations of quail, pheasant, turkey, deer, and all native species. The seller seeks a buyer who is equally passionate about wildlife conservation. The buyer will have full access to hunting and fishing this property, while enjoying the benefits of having a tenant who will continue the legacy of managing the property and taking full advantage of government cost-sharing programs on behalf of the new owner. This farm is located just north of Norborne, Missouri, only an hour northeast of Kansas City. This 203± acre property offers a blend of natural beauty, recreational value, and long-term investment potential. This land has been managed with a strong focus on conservation, resulting in an environment abundant with wildlife. This property offers a rich mix of features including income generating CRP fields, mature timber for hunting and habitat, fully stocked ponds, a small creek through the property, and a annual lease payment that will offer a 4% ROI. This is more than land, it's a legacy. This property is ideal for someone seeking a stable, tangible investment in land with built-in income and room to grow. Note: Boundary lines, on the maps, reflect approximately 203 +/- acres. Final acres to be determined by survey prior to closing.
Last checked:
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Checking…
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Last updated Jul 8, 2025
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MLS# 2559165 —
The Building
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Age Description:101 Years/More
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Construction Materials:Board & Batten Siding
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Roof:Metal
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Basement:Unfinished
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Basement:true
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Above Grade Finished Area:1500
Interior
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Fireplace:true
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Fireplaces Total:1
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Floor Plan Features:2 Stories
Room Dimensions
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Living Area:1500
Financial & Terms
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Listing Terms:Cash, Conventional
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Ownership:Estate/Trust
Location
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Directions:From Norborne, MO go north on Highway D until come to a sharp corner where Highway D continues west and Highway E goes east, turn east onto Highway E until you reach Highway PP, go north on Highway PP, it will eventually turn to gravel which is County Road 151, continue on the gravel for one mile and the listed property will be on the west side of County Road 151.
The Property
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Property Type:Residential
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Property Subtype:Single Family Residence
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Parcel Number:999999
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Lot Size SqFt:8842680
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Lot Size Area:203
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Lot Size Units:Acres
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In Flood Plain:No
Listing Agent
- Contact info:
- Agent phone:
- (660) 373-9682
- Office phone:
- (573) 520-3099
Taxes
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Tax Total Amount:1255
Beds
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Bedrooms Total:4
Baths
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Full Baths:1
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Total Baths:1.00
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Bathrooms Total:1
Heating & Cooling
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Cooling:Electric
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Cooling:true
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Heating:Propane
Utilities
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Sewer:Septic Tank
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Water Source:City/Public - Verify
Schools
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High School District:Norborne R-VIII
The Community
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Subdivision Name:None
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Association:false
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Association Fee Frequency:None
Parking
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Garage:true
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Garage Spaces:1
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Parking Features:Detached
Monthly cost estimate
Asking price
$1,742,489
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$9,330
|
| Taxes | $104 |
| Insurance | $479 |
| Utilities | N/A |
| Total | $9,913/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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6/27/25
Jun 27, 2025
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Listed / Active | HMLS | $1,742,489 |
