Properties For Sale

at 2999 S Hwy 94 Contact us

2999 S Hwy 94

Floor

Bldg

Size

4,830 SF

Type

RETAIL

Lease Type

NNN

Availability

AVAILABLE, 30 Days

Sublease

No

-4,830 sf Building on .92 Acres -Complete Bar & Restaurant -Gateway to Missouri Wine... Country -Scenic 12 minutes from I-64 -Large well equipped kitchen -Large Cooler and Freezer -Additional lot for Parking -Large Pavilion & Entertainment Area -Large Deck and Covered Porch -Additional Storage Buildings -Located in Center of Defiance Business District

show more

Contact us

Listing Agency: Shockley Commercial/Industrial Show Phone

Listed By: Daniel N Kluesner Show Phone

Source: Moodyscre

Added: Feb 21, 2025 Changed: Sep 10 Last Checked: Sep 26 at 1:47PM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Shockley Commercial/Industrial

Investment Insights

Based on property information with market context.

This property features a 4,830-square-foot building situated on 0.92 acres. It is equipped as a complete bar and restaurant, including a large, well-equipped kitchen, a large cooler, and a freezer. The property also includes additional storage buildings. An additional lot is available for parking. Outdoor amenities include a large pavilion, an entertainment area, a large deck, and a covered porch. Located in the center of the Defiance business district, the property is positioned as a gateway to Missouri Wine Country and is located 12 minutes from I-64.

Key Highlights

• Complete Bar & Restaurant
• Gateway to Missouri Wine Country
• Large Pavilion & Entertainment Area

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

$66,713

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

7.02%

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%

$1,334,260 $1.3M

Cap Rate 7%

$953,043 $953.0K

Cap Rate 9%

$741,256 $741.3K

Market Conditions

NOI Build-Up for 4,830 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

$109.5K $22.68/SF

− Vacancy

−$14.2K −$2.95/SF

EGI

$95.3K $19.73/SF

− OpEx

−$28.6K −$5.92/SF

NOI

$66.7K $13.81/SF

Area

St. Charles County, MO

Vacancy

13.00%

Lease Rate

$22.68 /SF/Yr

Expense Ratio

30.00%

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%

$1,334,260

Cap Rate 7%

$953,043

Cap Rate 9%

$741,256

Alternative Uses

Best Use

Specialty Retail

$1.26M

$1.10M – $1.47M (±1% cap)

NOI $88,009 @ 7.0% cap · market cap 9.26%

Second Best

Retail

$953.0K

$833.9K – $1.11M (±1% cap)

NOI $66,713 @ 7.0% cap · market cap 7.02%

Theoretical Best

Warehouse

$1.28M

$1.12M – $1.49M (±1% cap)

NOI $89,481 @ 7.0% cap · market cap 9.42%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Bars & Pubs

Suggested Use

Top Pick Garden Center Kitchen & Bath Showroom Pet Grooming Service Grocery & Convenience Store Restaurant Fish Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

47

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

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

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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?

Similar Off Market Nearby

• Wente's Defiance Roadhouse — 2999 MO-94, Defiance, MO 63341
• Stone Ledge Distillery — 3006 S Missouri 94, Defiance, MO 63341
• Don's Place — 3006 S Missouri 94, Defiance, MO 63341
• Kickstand Katy Trail | Augusta — 2998 S Missouri 94, Defiance, MO 63341

Frequently Asked Questions

What type of property is this?

Bar & Pub - Restaurant and bar with outdoor entertainment area in Defiance, MO.

Where is this bar & pub located?

The property is located at 2999 S Hwy 94 Defiance, MO.

What is the asking price?

The asking price for this property is $950,000.

What are key features of this property?

This property features: Complete Bar & Restaurant; Gateway to Missouri Wine Country; Large Pavilion & Entertainment Area