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    Deepwater Commercial Opportunity Near Truman Lake Title is generated by Realmo AI

    102/104 S 2nd Street, Deepwater, MO 64740

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    Claim this Listing
    For Sale
    $125,000

    COMMERCIAL - Deepwater, MO

    Lot size:
    0.24 Acres
    Added:
    Apr 7, 2026
    Days on Market:
    37
    Last Refresh:
    May 13 at 10:06 am

    Property Features for 102/104 S 2nd Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    c
    Parking features
    On Street, Garage
    Interior features
    Storage, Public Restroom, Refrigerator Facility
    Exterior features
    Delivery Door(s)
    Standard status
    Active
    APN
    23-6.0-14-002-021-003.000
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Tax Description
    O.T.-DEEPWATER--BLK. 11--LTS. 13-15
    Tax Annual Amount
    1495

    Utilities

    Utilities
    Water Available

    Building Details

    Year built
    1910
    Floors in Building
    1
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Tom O'Connor

    Listing agent Tom O'Connor

    Listing office Keller Williams Southland 1006 West Foxwood Drive, Raymore, MO

    Listing date Apr 7, 2026

    MLS# 2612675

    Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turnkey bar/restaurant (Unit #102) with existing equipment.
    • Business‑friendly alcohol/entertainment permitting in Deepwater, MO.
    • High‑traffic location near Truman Lake and Highway 13.
    • Versatile adjacent warehouse/office space (Unit #104) suitable for expansion.
    • Fenced outdoor lot perfect for entertainment and seating.
    • Package of 3 attached units offering diverse business opportunities.

    Overview

    Located in Deepwater, Missouri, minutes from Clinton and near Truman Lake, this commercial property offers a business opportunity suitable for a restaurant, bar, winery, or entertainment venue. The property consists of three attached units: two street-front buildings and a fenced side lot. Deepwater is receptive to new businesses with business-friendly alcohol and entertainment permitting. Unit #102, previously a bar and restaurant, is equipped with a bar, sinks, tables, chairs, bar stools, a walk-in cooler, and other food preparation and service equipment. Additional external storage and a kiosk stand are included. The street-facing frontage features approximately 27 feet of windowed space with a door. Adjacent to Unit #102, Unit #104 currently serves as a warehouse and operations office. This space could be converted into expanded foodservice space, a retail operation such as a convenience store, or an indoor banquet dining and event space. It includes front windows, a street-front door, and a 16-foot by 12-foot overhead door at the back. The interior of the warehouse can be easily subdivided. Attached to Unit #104 is a rail-fenced lot, approximately 120 feet by 32 feet, suitable for outdoor entertainment and seating. It has street-front and side-lot access from C Street, coming from Highway 13. The lot is enclosed on three sides by rail fencing, with the brick exterior of Unit #104 forming the south side. The lot measures approximately 78 feet wide by 96 feet. The property's location near Truman Lake makes it ideal for serving outdoor enthusiasts.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Suggested Use

    Food Market Grocery & Convenience Store Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Deepwater Bar — 104 S 2nd St, Deepwater, MO 64740
    • Ghostrider Dj Services — Deepwater, MO 64740

    Location Insight

    • Map
    • Local Demand
    City
    Deepwater
    County
    Henry
    State
    Missouri
    Longitude
    -93.771578
    Latitude
    38.260401

    Nearby Similar for Sale

    • $479,900

      Highway 13 Storage Facility

      16,200 sq ft storage facility near Truman Lake.
      61 SE 1100, Deepwater, MO 64740
      View Details
    • $519,000
      16,000 SF

      Highway 13 Storage Facility

      16,000+ sq ft storage facility on 4 acres.
      61 SE 1100, Deepwater, MO 64740
      View Details

    FAQs

    What type of property is this?
    Bar & Pub - Restaurant, bar, or retail opportunity near Truman Lake.
    Where is this bar & pub located?
    The property is located at 102/104 S 2nd Street Deepwater, MO.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: Turnkey bar/restaurant (Unit #102) with existing equipment.; Business‑friendly alcohol/entertainment permitting in Deepwater, MO.; High‑traffic location near Truman Lake and Highway 13.
    (816) 739-2785
    We can help!
    Listing Contact
    Tom O'Connor
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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