Restaurant Building with Open
For Sale
$549,900
5598 Us Highway 61, Jackson, MO 63755
Restaurant-designed building with highway frontage, parking, and flexible commercial interior space.
Property Size3,096 SF
Price / SF$177.62
Days on Market461
Property Features for 5598 Us Highway 61
General Information
Standard status
Active
Size
3,096 SF
Additional Details
Highway Access
Yes
Seating Capacity
90
Taxes and HOA fees
Annual Taxes
$4,477
Building Details
Year Built
2017
Buildings
1
Listing Agency:
Century 21 Ashland Realty
(573) 979-5719
Listed By:
Sandy Tegel · License #2001014505
(573) 979-5719
Source:
Exprealty
Added: May 8, 2025
Changed: Aug 11
Last Checked: Aug 11 at 4:01AM
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 Century 21 Ashland Realty
Investment Insights
Based on property information with market context.
This 3,096 SF restaurant property in Jackson, Missouri, was built in 2017 and offers an open interior with seating capacity for 90 guests. The building was designed for restaurant operations and provides space for a commercial kitchen installation. Its exterior and roof are described as maintenance-free, supporting straightforward ongoing upkeep.
The property fronts US Highway 61 in a high-traffic setting and is located minutes from I-55. Ample parking is available, while the county has no zoning restrictions. The existing configuration may also accommodate other commercial formats, including storefront, office, medical office, salon, daycare, or retail uses, subject to applicable requirements.
The property fronts US Highway 61 in a high-traffic setting and is located minutes from I-55. Ample parking is available, while the county has no zoning restrictions. The existing configuration may also accommodate other commercial formats, including storefront, office, medical office, salon, daycare, or retail uses, subject to applicable requirements.
Key Highlights
- 3,096 SF restaurant building in Jackson, MO
- Built in 2017 with maintenance‑free exterior and roof
- Open floor plan with seating for 90 guests
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
$31,297
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
5.69%
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%
$625,940
$625.9K
Cap Rate 7%
$447,100
$447.1K
Cap Rate 9%
$347,744
$347.7K
Market Conditions
NOI Build-Up for 3,096 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
$43.5K $14.04/SF
− Vacancy
−$1.7K −$0.56/SF
EGI
$41.7K $13.48/SF
− OpEx
−$10.4K −$3.37/SF
NOI
$31.3K $10.11/SF
Area
Cape Girardeau 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%
$625,940
Cap Rate 7%
$447,100
Cap Rate 9%
$347,744
Alternative Uses
Best Use
Specialty Retail
$447.1K
$391.2K – $521.6K
NOI $31,297 @ 7.0% cap · market cap 5.69%
Second Best
Retail
$407.9K
$356.9K – $475.8K
NOI $28,550 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$976.7K
$854.6K – $1.14M
NOI $68,371 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
89
Businesses Nearby
26k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 95%
Dining 5%
Casey's General Store
Shops & Services
9,516 visits/mo
0.1 miles
Dollar General
Shops & Services
9,321 visits/mo
0.2 miles
Phillips 66
Shops & Services
4,289 visits/mo
0.3 miles
SUBWAY
Dining
1,365 visits/mo
0.2 miles
Fruitland Hardware
Shops & Services
1,092 visits/mo
0.3 miles
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 Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant-designed building with highway frontage, parking, and flexible commercial interior space.
Where is this conventional restaurant located?
The property is located at 5598 Us Highway 61 Jackson, MO.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 3,096 SF restaurant building in Jackson, MO; Built in 2017 with maintenance‑free exterior and roof; Open floor plan with seating for 90 guests
