Building Details

Building Size 6,420 SF

Year Built 1985

Buildings 1

Stories 1

Listing Agency: Century 21 Ashland Realty t***@century21.com Show Phone

Listed By: Sandy Tegel · License #2001014505 Show Phone

Source: Flowershomerealty

Added: Sep 25 Changed: Oct 23 Last Checked: Oct 23 at 4:40PM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This restaurant property at 1830 E Jackson Boulevard in Jackson, Missouri, includes a 6,420-square-foot building on a 1.140-acre lot. The restaurant remains open for business, and the sale offering covers the building and real estate.

The property was built in 1985 and is zoned C-2 Commercial.

Key Highlights

• 6,420‑square‑foot restaurant building
• 1.140‑acre lot with C‑2 Commercial zoning
• Built in 1985; restaurant remains open

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$64,898

Cap Rate

4.33%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,297,960 $1.3M

Cap Rate 7%

$927,114 $927.1K

Cap Rate 9%

$721,089 $721.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,420 SF

Gross rent

$90.1K $14.04/SF

− Vacancy

−$3.6K −$0.56/SF

EGI

$86.5K $13.48/SF

− OpEx

−$21.6K −$3.37/SF

NOI

$64.9K $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 Rate 5%

$1,297,960

Cap Rate 7%

$927,114

Cap Rate 9%

$721,089

Alternative Uses

Best Use

Specialty Retail

$927.1K

$811.2K – $1.08M (±1% cap)

NOI $64,898 @ 7.0% cap · market cap 4.33%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.03M

$1.77M – $2.36M (±1% cap)

NOI $141,777 @ 7.0% cap · market cap 9.45%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

El Torero Mexican ... Restaurant

Suggested Use

Top Pick Dental Office Building Supply Real Estate Agency Auto Parts Store Law Firm Grocery & Convenience Store

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

217

Businesses Nearby

76k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 88% Shops & Services 12%

McDonald's Dining

22,097 visits/mo 0.4 miles

Taco Bell Dining

13,755 visits/mo 0.4 miles

Burger King Dining

12,579 visits/mo 0.3 miles

Wings Etc. Dining

8,831 visits/mo 0.2 miles

El Torero Dining

4,867 visits/mo 0.0 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

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - The restaurant continues operating while the building and real estate are offered for sale.

Where is this conventional restaurant located?

The property is located at 1830 E Jackson Boulevard Jackson, MO.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: 6,420‑square‑foot restaurant building; 1.140‑acre lot with C‑2 Commercial zoning; Built in 1985; restaurant remains open