Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Venue in Butler, Missouri Title is generated by Realmo AI

    102 West Ohio Street, Butler, MO 64730

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,800,000

    Restaurant/bar suitable for weddings, meetings, or rental property conversion.

    Type:MF, OFC, SPORT
    Added:
    Jul 5, 2024
    Days on Market:
    689
    Last Refresh:
    Apr 3 at 5:02 am

    Property Features for 102 West Ohio Street

    General Information

    Standard status
    Active
    Property subtype
    MF, OFC, SPORT

    Building Details

    Year Built
    1906

    We can help!

    Listing Contact
    Darla Russell
    Darla Russell

    Listing agent Darla Russell License #00239071

    Listing office KW Commercial | Overland Park | Darla Russell

    Listing date Jul 5, 2024

    Source Realnex

    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 KW Commercial | Overland Park | Darla Russell

    HighLights

    • Easily converted into a grand venue for weddings or meetings.
    • Can be converted into hotel/apartments for rental income.
    • Currently operating as a restaurant/bar.
    • Built in 1906.
    • Venue potential.
    • Flexible usage.

    Overview

    This property, located at 102 West Ohio Street in Butler, MO 64730, presents a versatile opportunity. Currently configured as a restaurant and bar, the space can be readily adapted into a grand venue suitable for weddings and meetings. Alternatively, the property offers the potential for conversion into hotels or apartments, providing options for residential income through rental units. The property is also suitable for hospitality purposes.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Pennell Hotel & Restaurant Restaurant The Pennell Hotel Hotel & Motel

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • The Pennell Hotel & Restaurant — 102 W Ohio St, Butler, MO 64730
    • The Alley Tavern — 10 W Chestnut St, Butler, MO 64730

    Location Insight

    • Map
    • Local Demand
    City
    Butler
    County
    Bates
    State
    Missouri
    Longitude
    -94.3332
    Latitude
    38.258571

    Nearby Similar for Sale

    • $950,000
      4,800 SF

      Event Venue, Equestrian Facilities, Residence

      Wedding venue, residence, and equestrian facilities on 13 acres.
      2109 NW County Road 2501, Butler, MO 64730
      View Details
    • $150,000

      Commercial Property - Corner Lot

      Commercial property on corner lot, ideal for automotive use.
      18 S Orange Street, Butler, MO 64730
      View Details
    • $350,000
      15,000 SF

      Historic Commercial Building in Butler

      Well-maintained, 3-story commercial building in downtown Butler, Missouri.
      4 W Ohio Street, Butler, MO 64730
      View Details
    • $179,900
      6,000 SF

      Commercial Property on Busy Street

      Commercial property with open floor plan and multiple garage doors.
      104 N Orange St, Butler, MO, 64730-1318
      View Details
    • $285,000
      3,840 SF

      Visible Main Avenue Office Building

      Main floor offices with basement storage and ample parking.
      612 W Fort Scott Street, Butler, MO 64730
      View Details
    • $49,900

      Commercial Property Near Butler Square

      Commercial property with three offices and half-bathroom near Butler square.
      301 N Main Street, Butler, MO 64730
      View Details
    • $1,500,000

      Historic Hotel and Restaurant Opportunity

      Unique commercial building with hotel, restaurant, and venue potential.
      102 Ohio Street W, Butler, MO 64730
      View Details
    • $495,000

      Operating Auto Repair Shop

      Fully operational auto repair shop with lifts and equipment.
      106 S Sunset View Street, Butler, MO 64730
      View Details
    • $495,000

      Operating Auto Repair Shop

      Fully operational auto repair shop with lifts and equipment.
      106 S Sunset View Street, Butler, MO 64730
      View Details

    FAQs

    What type of property is this?
    Bar & Pub - Restaurant/bar suitable for weddings, meetings, or rental property conversion.
    Where is this bar & pub located?
    The property is located at 102 West Ohio Street Butler, MO.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: Easily converted into a grand venue for weddings or meetings.; Can be converted into hotel/apartments for rental income.; Currently operating as a restaurant/bar.
    (913) 213-9133
    We can help!
    Listing Contact
    Darla Russell
    Darla Russell
    Real Estate License ID: 00239071
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    102 West Ohio Street, Butler, MO 64730
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!