Wedding Venue With Overnight
For Sale
$682,500
1082 County Road 349, Jackson, MO 63755
Furnished event property with reception space, lodging, two kitchens, and wooded acreage near Jackson.
Property Size4,176 SF
Lot Size8.72 Acres
Days on Market11
Property Features for 1082 County Road 349
General Information
Standard status
Active
Size
4,176 SF
Lot size
8.72 Acres
Property subtype
Wedding & Event Center with 2BR STR
Building Details
Building Size
4,176 SF
Year Built
1993
Listing Agency:
(573) 275-0429
Listed By:
Chris Cole, JD, CCIM, ALC
(573) 275-0429
Source:
Lorimont
Added: Aug 2
Changed: Aug 3
Last Checked: Aug 12 at 4:39AM
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 Chris Cole, JD, CCIM, ALC
Investment Insights
Based on property information with market context.
This established wedding and event property includes a reception area, two bedrooms, three bathrooms, and two kitchens within a fully furnished facility. The venue has hosted weddings, parties, bridal and baby showers, and weekend stays, with capacity for up to 150 guests. Built in 1993, the property combines event space with on-site overnight accommodations.
The site encompasses 8.72 acres with a small pond and wooded surroundings. Located at 1082 County Road 349, it is less than 5 miles from the Jackson city limits, providing access to nearby services while maintaining a private setting. The land carries no covenants or restrictions, and the property information identifies additional potential for cabins, a campground, a bar or grill, and expanded short-term rental use.
The site encompasses 8.72 acres with a small pond and wooded surroundings. Located at 1082 County Road 349, it is less than 5 miles from the Jackson city limits, providing access to nearby services while maintaining a private setting. The land carries no covenants or restrictions, and the property information identifies additional potential for cabins, a campground, a bar or grill, and expanded short-term rental use.
Key Highlights
- Event venue accommodates up to 150 guests
- 8.72 acres with a small pond and wooded setting
- Two bedrooms, three bathrooms, and two kitchens
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
$30,759
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
4.51%
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%
$615,180
$615.2K
Cap Rate 7%
$439,414
$439.4K
Cap Rate 9%
$341,767
$341.8K
Market Conditions
NOI Build-Up for 4,176 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
$60.1K $14.40/SF
− Vacancy
−$4.2K −$1.01/SF
EGI
$55.9K $13.39/SF
− OpEx
−$25.2K −$6.03/SF
NOI
$30.8K $7.37/SF
Area
Cape Girardeau County, MO
Vacancy
7.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
45.00%
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%
$615,180
Cap Rate 7%
$439,414
Cap Rate 9%
$341,767
Alternative Uses
Best Use
Apartment 5plus
$439.4K
$384.5K – $512.7K
NOI $30,759 @ 7.0% cap · market cap 4.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,221 @ 7.0% cap · market cap 13.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Explore this area
Business Placement
Demographics for 63755, MO
27,496
Population
10,867
Households
2.5
Avg Household Size
39
Median Age
35%
College-Educated
95%
High-School Grad
177.1 sq mi
ZIP Area
155
Density / Sq Mi
$82,841
Median Household Income
$41,876
Median Earnings
$977
Median Rent
$233,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Wedding venue - Furnished event property with reception space, lodging, two kitchens, and wooded acreage near Jackson.
Where is this wedding venue located?
The property is located at 1082 County Road 349 Jackson, MO.
What is the asking price?
The asking price for this property is $682,500.
What are key features of this property?
This property features: Event venue accommodates up to 150 guests; 8.72 acres with a small pond and wooded setting; Two bedrooms, three bathrooms, and two kitchens
