Restaurant Building with Prep
For Sale
$455,000
111 N Madison Street, Webb City, MO 64870
SINGLE_FAMILY - Webb City, MO
Property Size3,400 SF
Lot Size0.51 Acres
Price / SF$133.82
Days on Market195
Property Features for 111 N Madison Street
General Information
Property type
Residential
Property subtype
Retail
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Bathroom 3
Lot features
Level
View
City
Directions
From MacArthur & Madison, N on Madison to property on right.
Standard status
Active
APN
15-4.0-18-30-021-008.001
Lot size
0.51 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
3406
Utilities
Utilities
Water Available
Heating system
Electric (Heating)
Cooling system
Central Air
Building Details
Year built
2006
Roof type
Metal, Composition
Listing Agency:
Real Broker LLC
(855) 450-0442
Listed By:
Forrest Real Estate · License #2015033149
(417) 483-0149
Added: Feb 3
Changed: Aug 3
Last Checked: Aug 17 at 6:06AM
MLS# 60314594
Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). 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 restaurant property at 111 N Madison Street in Webb City, Missouri, offers 3,400 square feet of existing commercial space on a 0.51-acre parcel. The interior includes epoxy flooring, a built-in service counter, prep tables, and three bathrooms, providing an established layout for restaurant operations. The building was constructed in 2006 and includes central air conditioning and electric heat.
Water is available at the property, while the roof systems include metal and composition materials. The site is positioned in Webb City within Jasper County, with the street address providing a clear location for evaluating access and surrounding commercial context.
Water is available at the property, while the roof systems include metal and composition materials. The site is positioned in Webb City within Jasper County, with the street address providing a clear location for evaluating access and surrounding commercial context.
Key Highlights
- 3,400 square feet of restaurant‑configured commercial space
- 0.51‑acre parcel at 111 N Madison Street, Webb City, MO 64870
- Epoxy flooring, built‑in counter, and prep tables
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
304
Businesses Nearby
120k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 64%
Dining 19%
Shops & Services 18%
Walmart
Superstores
76,894 visits/mo
0.5 miles
Dollar Tree
Shops & Services
15,150 visits/mo
0.5 miles
Whataburger
Dining
13,985 visits/mo
0.5 miles
Arvest Bank
Shops & Services
5,902 visits/mo
0.3 miles
Scooter's Coffee
Dining
5,830 visits/mo
0.5 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
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
- East Buffet — N Madison St, Webb City, MO 64870
- King Buffet — 501 S Madison St H, Webb City, MO 64870
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property with built-in counter, prep tables, central air, and water available.
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 feet of restaurant‑configured commercial space; 0.51‑acre parcel at 111 N Madison Street, Webb City, MO 64870; Epoxy flooring, built‑in counter, and prep tables
