Historic Bar and Pool
For Sale
Contact for pricing
119 S 1st Street, Pleasant Hill, MO 64080
Historic bar and pool hall offered with the operating business, liquor license, FF&E, and included liquor and beer inventory.
Property Size1,840 SF
Price / SF$127.72
Days on Market63
Property Features for 119 S 1st Street
General Information
Standard status
Active
Size
1,840 SF
Property subtype
Retail, Special Purpose
Zoning
C-2
Additional Details
Business Included
Yes
Building Details
Year Built
1900
Listing Agency:
City Spaces Realty LLC
Listed By:
Jeff Johnson · License #2018001146
(816) 651-7726
Source:
Crexi
Added: Jul 8
Changed: Sep 8
Last Checked: Sep 8 at 7:08AM
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 City Spaces Realty LLC
Investment Insights
Based on property information with market context.
This offering includes a commercial building along with an established, operating bar and pool hall business, presented as a turnkey acquisition. The sale includes the existing liquor license (subject to applicable licensing approval and transfer requirements), as well as all furniture, fixtures, equipment, and the existing inventory of liquor and beer. An experienced staff is currently in place to support a smooth transition and operational continuity.
Located in the heart of Downtown Pleasant Hill, the business is described as the oldest continuously operating pool hall west of the Mississippi River. The operation is currently open Monday through Saturday from 3:00 PM to 1:30 AM, and the seller notes the opportunity to expand hours, including earlier daytime service and Sunday operations. Property and business are being offered for sale in their current condition.
Located in the heart of Downtown Pleasant Hill, the business is described as the oldest continuously operating pool hall west of the Mississippi River. The operation is currently open Monday through Saturday from 3:00 PM to 1:30 AM, and the seller notes the opportunity to expand hours, including earlier daytime service and Sunday operations. Property and business are being offered for sale in their current condition.
Key Highlights
- Historic downtown Pleasant Hill bar and pool hall offered with the operating business and the commercial building.
- Sale includes the existing liquor license (subject to applicable licensing approval and transfer requirements).
- Business currently operates Monday through Saturday, 3:00 PM to 1:30 AM.
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
$18,697
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
7.96%
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%
$373,940
$373.9K
Cap Rate 7%
$267,100
$267.1K
Cap Rate 9%
$207,744
$207.7K
Market Conditions
NOI Build-Up for 1,840 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
$25.8K $14.04/SF
− Vacancy
−$904 −$0.49/SF
EGI
$24.9K $13.55/SF
− OpEx
−$6.2K −$3.39/SF
NOI
$18.7K $10.16/SF
Area
Cass County, MO
Vacancy
3.50%
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%
$373,940
Cap Rate 7%
$267,100
Cap Rate 9%
$207,744
Alternative Uses
Best Use
Specialty Retail
$267.1K
$233.7K – $311.6K
NOI $18,697 @ 7.0% cap · market cap 7.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$414.9K
$363.0K – $484.0K
NOI $29,040 @ 7.0% cap · market cap 12.36%
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
273
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 64080, MO
14,003
Population
5,669
Households
2.5
Avg Household Size
39
Median Age
28%
College-Educated
95%
High-School Grad
121.6 sq mi
ZIP Area
115
Density / Sq Mi
$109,010
Median Household Income
$53,045
Median Earnings
$1,139
Median Rent
$299,900
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
- Wing Hill Wine Co. — 115 Wyoming St, Pleasant Hill, MO 64080
- Peoples Theater — 110 Veterans Pkwy, Pleasant Hill, MO 64080
- Roosters sports bar — MO-7, Pleasant Hill, MO 64080
Frequently Asked Questions
What type of property is this?
Bar & Pub - Historic bar and pool hall offered with the operating business, liquor license, FF&E, and included liquor and beer inventory.
Where is this bar & pub located?
The property is located at 119 S 1st Street Pleasant Hill, MO.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Historic downtown Pleasant Hill bar and pool hall offered with the operating business and the commercial building.; Sale includes the existing liquor license (subject to applicable licensing approval and transfer requirements).; Business currently operates Monday through Saturday, 3:00 PM to 1:30 AM.
