Building Details

Year built 2017

Floors in Building 1

Flooring type Concrete

Building materials Metal Siding

Listing Agency: EDGE Realty ERA Powered Show Phone

Listed By: Marlene Bell · License #1999110537 Show Phone

Added: Jun 19 Changed: Aug 19 Last Checked: Sep 4 at 3:06PM

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MLS# 26039123

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Investment Insights

Based on property information with market context.

This bar and grill property occupies approximately 1,303 finished SF on a 0.19-acre parcel. Constructed in 2017, the building features metal siding, concrete flooring, natural-gas heating, and multi-unit cooling. Restaurant-related equipment and fixtures convey with the property, excluding the pool table, jukebox, and ATM.

The property is located at 201 State Street E in Delta, Missouri, near the junction of Hwy 25, Hwy N, and Hwy EE. Interior equipment includes stainless steel appliances, a freezer, ice maker, indoor grill, and refrigerator. Public water serves the property.

Key Highlights

• Approximately 1,303 finished SF on a 0.19‑acre parcel
• 2017 construction with metal siding and concrete flooring
• Bar and grill equipment and fixtures included, excluding pool table, jukebox, and ATM

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$13,172

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

8.79%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$263,440 $263.4K

Cap Rate 7%

$188,171 $188.2K

Cap Rate 9%

$146,356 $146.4K

Market Conditions

NOI Build-Up for 1,303 SF Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent. EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs. OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements. NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.

Gross rent

$18.3K $14.04/SF

− Vacancy

−$732 −$0.56/SF

EGI

$17.6K $13.48/SF

− OpEx

−$4.4K −$3.37/SF

NOI

$13.2K $10.11/SF

Area

Cape Girardeau County, MO

Vacancy

4.00%

Lease Rate

$14.04 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$263,440

Cap Rate 7%

$188,171

Cap Rate 9%

$146,356

Alternative Uses

Best Use

Specialty Retail

$188.2K

$164.7K – $219.5K (±1% cap)

NOI $13,172 @ 7.0% cap · market cap 8.79%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$411.1K

$359.7K – $479.6K (±1% cap)

NOI $28,775 @ 7.0% cap · market cap 19.20%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Bars & Pubs

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

36

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 63744, MO

185

Population

105

Households

1.8

Avg Household Size

48

Median Age

14%

College-Educated

75%

High-School Grad

1.9 sq mi

ZIP Area

97

Density / Sq Mi

$39,750

Median Household Income

$31,154

Median Earnings

$1,025

Median Rent

$102,800

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this bars & pubs located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Bar & Pub - Operational bar and grill property with included fixtures, public water, and a 2017 construction date.

Where is this bar & pub located?

The property is located at 201 State Street E Delta, MO.

What is the asking price?

The asking price for this property is $149,900.

What are key features of this property?

This property features: Approximately 1,303 finished SF on a 0.19‑acre parcel; 2017 construction with metal siding and concrete flooring; Bar and grill equipment and fixtures included, excluding pool table, jukebox, and ATM