Building Details

Year built 2017

Floors in Building 1

Flooring type Concrete

Building materials Metal Siding

Listing Agency: EDGE Realty ERA Powered b***@goedgerealty.com Show Phone

Listed By: Marlene Bell Show Phone

Added: Jun 19 Changed: Oct 19 Last Checked: Oct 26 at 3:06PM

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MLS# 26039123

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Investment Insights

Based on property information with market context.

This bar and grill property occupies approximately 1,303 finished SF on a 0.19-acre parcel. Constructed in 2017, the building features metal siding, concrete flooring, natural-gas heating, and multi-unit cooling. Restaurant-related equipment and fixtures convey with the property, excluding the pool table, jukebox, and ATM.

The property is located at 201 State Street E in Delta, Missouri, near the junction of Hwy 25, Hwy N, and Hwy EE. Interior equipment includes stainless steel appliances, a freezer, ice maker, indoor grill, and refrigerator. Public water serves the property.

Key Highlights

• Approximately 1,303 finished SF on a 0.19‑acre parcel
• 2017 construction with metal siding and concrete flooring
• Bar and grill equipment and fixtures included, excluding pool table, jukebox, and ATM

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,172

Cap Rate

8.79%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$263,440 $263.4K

Cap Rate 7%

$188,171 $188.2K

Cap Rate 9%

$146,356 $146.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,303 SF

Gross rent

$18.3K $14.04/SF

− Vacancy

−$732 −$0.56/SF

EGI

$17.6K $13.48/SF

− OpEx

−$4.4K −$3.37/SF

NOI

$13.2K $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%

$263,440

Cap Rate 7%

$188,171

Cap Rate 9%

$146,356

Alternative Uses

Best Use

Specialty Retail

$188.2K

$164.7K – $219.5K (±1% cap)

NOI $13,172 @ 7.0% cap · market cap 8.79%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$411.1K

$359.7K – $479.6K (±1% cap)

NOI $28,775 @ 7.0% cap · market cap 19.20%

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

Bars & Pubs

Suggested Use

Top Pick Plumbing Service Kitchen & Bath Showroom Storage Facility Auto Repair Shop Bar & Pub Car Rental Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

36

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 63744, MO

185

Population

105

Households

1.8

Avg Household Size

48

Median Age

14%

College-Educated

75%

High-School Grad

1.9 sq mi

ZIP Area

97

Density / Sq Mi

$39,750

Median Household Income

$31,154

Median Earnings

$1,025

Median Rent

$102,800

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

Similar For Sale Nearby

See more

Drive-Through Cafe and Restaurant

307 East State Street, Delta, MO 63744

$180,000

1.15 Acres

View details

Live-Work Building with Dual-Zone HVAC

210 Wilson Street, Delta, MO 63744

$129,900

2,340 SF

View details

Similar Off Market Nearby

• Jax Bar & Grill — 201 E State St, Delta, MO 63744

Frequently Asked Questions

What type of property is this?

Bar & Pub - Operational bar and grill property with included fixtures, public water, and a 2017 construction date.

Where is this bar & pub located?

The property is located at 201 State Street E Delta, MO.

What is the asking price?

The asking price for this property is $149,900.

What are key features of this property?

This property features: Approximately 1,303 finished SF on a 0.19‑acre parcel; 2017 construction with metal siding and concrete flooring; Bar and grill equipment and fixtures included, excluding pool table, jukebox, and ATM