Restaurant Building with Prep
For Sale
$455,000
111 N Madison Street, Webb City, MO 64870
Commercial Sale, Webb City, MO
Property Size3,400 SF
Lot Size0.51 Acres
Price / SF$133.82
Days on Market237
Property Features for 111 N Madison Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 3, Bathroom 2
Directions
From MacArthur & Madison, N on Madison to property on right.
Subdivision
08 - Webb City Area
Standard status
Active
Size
3,400 SF
Lot size
0.51 Acres
Taxes and HOA fees
Tax Annual Amount
3406
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Building Details
Year built
2006
Number of units
1
Flooring type
Concrete
Roof type
Composition, Metal
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
FORREST. Real Estate Forrest Stodghill · License #2015033149
(417) 483-0149
Added: Feb 3
Changed: Sep 16
Last Checked: Sep 28 at 12:06AM
MLS# 260527
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.
This 3,400-square-foot restaurant property sits on 0.51 acres and is configured for food-service use. Interior features include epoxy-finished concrete flooring, a built-in counter, prep tables, and three bathrooms. Central air conditioning and electric central heating serve the building, which was constructed in 2006.
The property is located at 111 N Madison Street in Webb City, Missouri, with composition and metal roofing systems. Its existing restaurant layout and installed service components provide a defined starting point for continued restaurant operations or a related commercial use.
The property is located at 111 N Madison Street in Webb City, Missouri, with composition and metal roofing systems. Its existing restaurant layout and installed service components provide a defined starting point for continued restaurant operations or a related commercial use.
Key Highlights
- 3,400‑square‑foot restaurant property on 0.51 acres
- Built‑in counter and prep tables
- Epoxy‑finished concrete flooring
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
$34,370
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
7.55%
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%
$687,400
$687.4K
Cap Rate 7%
$491,000
$491.0K
Cap Rate 9%
$381,889
$381.9K
Market Conditions
NOI Build-Up for 3,400 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
$47.7K $14.04/SF
− Vacancy
−$1.9K −$0.56/SF
EGI
$45.8K $13.48/SF
− OpEx
−$11.5K −$3.37/SF
NOI
$34.4K $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%
$687,400
Cap Rate 7%
$491,000
Cap Rate 9%
$381,889
Alternative Uses
Best Use
Specialty Retail
$491.0K
$429.6K – $572.8K
NOI $34,370 @ 7.0% cap · market cap 7.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$897.6K – $1.20M
NOI $71,808 @ 7.0% cap · market cap 15.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
354
Businesses Nearby
69k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 79%
Shops & Services 21%
McDonald's
Dining
32,884 visits/mo
0.5 miles
Culver's
Dining
21,797 visits/mo
0.5 miles
Dollar General
Shops & Services
8,059 visits/mo
0.1 miles
Phillips 66
Shops & Services
6,751 visits/mo
0.4 miles
Demographics for 64870, MO
16,566
Population
6,796
Households
2.4
Avg Household Size
35
Median Age
30%
College-Educated
92%
High-School Grad
33.6 sq mi
ZIP Area
493
Density / Sq Mi
$64,619
Median Household Income
$39,267
Median Earnings
$942
Median Rent
$166,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- King Buffet — 501 S Madison St H, Webb City, MO 64870
- East Buffet — N Madison St, Webb City, MO 64870
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant-oriented space with built-in counter, prep tables, epoxy flooring, and central heating and cooling.
Where is this conventional restaurant located?
The property is located at 111 N Madison Street Webb City, MO.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: 3,400‑square‑foot restaurant property on 0.51 acres; Built‑in counter and prep tables; Epoxy‑finished concrete flooring
