Taco Town Restaurant with Renovated
For Sale
$405,820
2230 Fairlawn Drive, Carthage, MO 64836
COMMERCIAL - Carthage, MO
Property Size2,150 SF
Lot Size0.50 Acres
Price / SF$188.75
Days on Market202
Property Features for 2230 Fairlawn Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Directions
North on Busn. 71; Exit 50 (Fir Rd/ Mo-HH); East (right) on Fir Rd to Grand Ave at light. East on Grand Ave heading due North to round-a-bout leading to Fairlawn Drive. Business on North side.
Subdivision
09 - Carthage Area
Standard status
Active
APN
14501610016001000
Size
2,150 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Annual Amount
2821
Utilities
Heating system
Heat Pump (Heating), Central
Cooling system
Heat Pump, Central Air
Building Details
Year built
1960
Flooring type
Ceramic
Listing Agency:
REALPRO
(417) 358-4441
Listed By:
Brandi Haddock · License #2010034812
(417) 540-6796
Added: Feb 12
Changed: Aug 4
Last Checked: Sep 2 at 1:06AM
MLS# 260777
Copyright © 2026 Ozark Gateway Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Taco Town restaurant business with its building and equipment offered for new ownership. The property sits on a 0.5-acre lot and includes a 2,150 SF building that was built in 1960. Interior finishes include ceramic flooring, and the layout includes two bathrooms. Heating is provided by central heat and a heat pump, with cooling via central air and a heat pump.
The restaurant is positioned for visibility along a high-traffic route in Carthage, Missouri. Recent renovations are described as extensive, supporting an operating-ready presentation for the next owner.
The offering includes the building, equipment, and the going concern operations. Call for a private off-hours tour and additional information.
The restaurant is positioned for visibility along a high-traffic route in Carthage, Missouri. Recent renovations are described as extensive, supporting an operating-ready presentation for the next owner.
The offering includes the building, equipment, and the going concern operations. Call for a private off-hours tour and additional information.
Key Highlights
- 0.5‑acre lot with a 2,150 SF building
- Taco Town restaurant business with building and equipment included
- Built in 1960
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
$21,734
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
5.36%
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%
$434,680
$434.7K
Cap Rate 7%
$310,486
$310.5K
Cap Rate 9%
$241,489
$241.5K
Market Conditions
NOI Build-Up for 2,150 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
$30.2K $14.04/SF
− Vacancy
−$1.2K −$0.56/SF
EGI
$29.0K $13.48/SF
− OpEx
−$7.2K −$3.37/SF
NOI
$21.7K $10.11/SF
Area
Jasper 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%
$434,680
Cap Rate 7%
$310,486
Cap Rate 9%
$241,489
Alternative Uses
Best Use
Specialty Retail
$310.5K
$271.7K – $362.2K
NOI $21,734 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$648.7K
$567.6K – $756.8K
NOI $45,408 @ 7.0% cap · market cap 11.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
347
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 64836, MO
25,334
Population
10,241
Households
2.5
Avg Household Size
37
Median Age
24%
College-Educated
82%
High-School Grad
184.1 sq mi
ZIP Area
138
Density / Sq Mi
$58,775
Median Household Income
$35,311
Median Earnings
$883
Median Rent
$157,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Root Zero 3 — 609 W Fir Rd, Carthage, MO 64836
- Oriental Villa — 2334 Fairlawn Ave, Carthage, MO 64836
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Taco Town restaurant built in 1960 with central HVAC, heat pump, and ceramic flooring, plus renovated building and included equipment.
Where is this conventional restaurant located?
The property is located at 2230 Fairlawn Drive Carthage, MO.
What is the asking price?
The asking price for this property is $405,820.
What are key features of this property?
This property features: 0.5‑acre lot with a 2,150 SF building; Taco Town restaurant business with building and equipment included; Built in 1960
