Brick Coffee Shop
For Sale
$275,000
203 N Church St, Fayette, MO 65248
Commercial Sale, Fayette, MO
Property Size1,200 SF
Price / SF$229.17
Days on Market48
Property Features for 203 N Church St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Directions
Take Hwy 240 into Fayette, 203 N Church St will be on the East Side of Church St
Standard status
Active
Size
1,200 SF
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1920
Building materials
Brick
Roof type
Metal
Listing Agency:
EXP Realty LLC
(573) 256-8601
Listed By:
Robert Huffman · License #2022039361
(573) 587-0069
Added: Jul 13
Changed: Aug 29
Last Checked: Aug 29 at 7:06AM
MLS# 26-348
Copyright © 2026 Randolph County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,200-square-foot coffee shop and bakery occupies a brick building constructed in 1920. The operating business includes its trade name, goodwill, furniture, fixtures, equipment, website, social media accounts, and inventory, with inventory value determined at closing. Interior improvements include a customer dining area, commercial espresso equipment, baking equipment, and a kitchen configured for continued café and bakery operations.
The property is located at 203 N Church St in Fayette, Missouri, within Howard County. Public water and public sewer serve the building. Heating is provided by natural gas and forced air, and the structure has a metal roof. Showings are available by appointment.
The property is located at 203 N Church St in Fayette, Missouri, within Howard County. Public water and public sewer serve the building. Heating is provided by natural gas and forced air, and the structure has a metal roof. Showings are available by appointment.
Key Highlights
- Operating coffee shop and bakery at 203 N Church St, Fayette, MO 65248
- 1,200 Square Feet of building area
- Business sale includes trade name, goodwill, furniture, fixtures, equipment, website, social media accounts, and inventory
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
$10,725
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
3.90%
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%
$214,500
$214.5K
Cap Rate 7%
$153,214
$153.2K
Cap Rate 9%
$119,167
$119.2K
Market Conditions
NOI Build-Up for 1,200 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
$16.1K $13.44/SF
− Vacancy
−$806 −$0.67/SF
EGI
$15.3K $12.77/SF
− OpEx
−$4.6K −$3.83/SF
NOI
$10.7K $8.94/SF
Area
Howard County, MO
Vacancy
5.00%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
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%
$214,500
Cap Rate 7%
$153,214
Cap Rate 9%
$119,167
Alternative Uses
Best Use
Industrial
$153.2K
$134.1K – $178.8K
NOI $10,725 @ 7.0% cap · market cap 3.90%
Second Best
Specialty Retail
$69.8K
$61.1K – $81.5K
NOI $4,888 @ 7.0% cap · market cap 1.78%
Theoretical Best
Warehouse
$186.0K
$162.8K – $217.1K
NOI $13,023 @ 7.0% cap · market cap 4.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
292
Businesses Nearby
20k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 96%
Dining 4%
Fayette #2
Shops & Services
9,186 visits/mo
0.2 miles
Dollar General
Shops & Services
5,906 visits/mo
0.5 miles
Sinclair
Shops & Services
2,268 visits/mo
0.1 miles
O'Reilly Auto Parts
Shops & Services
1,278 visits/mo
0.3 miles
SUBWAY
Dining
876 visits/mo
0.1 miles
Demographics for 65248, MO
4,781
Population
1,815
Households
2.6
Avg Household Size
33
Median Age
31%
College-Educated
90%
High-School Grad
172.6 sq mi
ZIP Area
28
Density / Sq Mi
$53,797
Median Household Income
$30,000
Median Earnings
$838
Median Rent
$141,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Fireside Bakes and Brews — 203 N Church St, Fayette, MO 65248
Frequently Asked Questions
What type of property is this?
Coffee shop - Commercially zoned café with a customer dining area, kitchen, espresso equipment, and baking equipment.
Where is this coffee shop located?
The property is located at 203 N Church St Fayette, MO.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Operating coffee shop and bakery at 203 N Church St, Fayette, MO 65248; 1,200 Square Feet of building area; Business sale includes trade name, goodwill, furniture, fixtures, equipment, website, social media accounts, and inventory
