Turnkey Bar and
For Sale
$149,900
201 State Street E, Delta, MO 63744
Turnkey bar and grill sale with approximately 1,303 finished SF and included equipment and fixtures.
Property Size1,303 SF
Price / SF$115.04
Days on Market67
Property Features for 201 State Street E
General Information
Standard status
Active
Size
1,303 SF
Property subtype
Commercial
Additional Details
Furnished
Yes
Business Included
Yes
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$1,120
Building Details
Building Size
1,303 SF
Year Built
2017
Buildings
1
Stories
1
Listing Agency:
EDGE Realty ERA Powered
(573) 604-2355
Listed By:
Marlene Bell · License #1999110537
(573) 604-2355
Source:
Exit2newbeginningz
Added: Jun 19
Changed: Aug 23
Last Checked: Aug 24 at 3:30PM
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 EDGE Realty ERA Powered
Investment Insights
Based on property information with market context.
This turnkey bar and grill is being offered for sale as the current owner prepares to retire. The building contains approximately 1,303 finished square feet and is described as about nine years old, presented as clean and ready for a new owner. The sale includes approximately $19,000 of equipment and fixtures (excluding the pool table, juke box, and ATM).
The property is located at the crossroads of Hwy 25, Hwy N, and Hwy EE in Delta, Missouri, with a stated high traffic count.
For buyers looking for an operational setup, the offering includes the listed equipment and fixtures in addition to the restaurant/bar improvements.
The property is located at the crossroads of Hwy 25, Hwy N, and Hwy EE in Delta, Missouri, with a stated high traffic count.
For buyers looking for an operational setup, the offering includes the listed equipment and fixtures in addition to the restaurant/bar improvements.
Key Highlights
- Turnkey JAX Bar & Grill operating business with 22 years of establishment
- Located at the crossroads of Hwy 25, Hwy N, and Hwy EE in Delta, MO with high traffic count
- Approx. 1,303 finished SF bar and grill building, approx. 9 years old
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
$13,172
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
8.79%
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%
$263,440
$263.4K
Cap Rate 7%
$188,171
$188.2K
Cap Rate 9%
$146,356
$146.4K
Market Conditions
NOI Build-Up for 1,303 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
$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 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%
$263,440
Cap Rate 7%
$188,171
Cap Rate 9%
$146,356
Alternative Uses
Best Use
Specialty Retail
$188.2K
$164.7K – $219.5K
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
NOI $28,775 @ 7.0% cap · market cap 19.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Bar & Pub - Turnkey bar and grill sale with approximately 1,303 finished SF and included equipment and fixtures.
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: Turnkey JAX Bar & Grill operating business with 22 years of establishment; Located at the crossroads of Hwy 25, Hwy N, and Hwy EE in Delta, MO with high traffic count; Approx. 1,303 finished SF bar and grill building, approx. 9 years old
