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    Restaurant and Event Center Space Title is generated by Realmo AI

    212 N Main Street, Alba, MO 64830

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    For Sale
    $55,000

    COMMERCIAL - Alba, MO

    Type:Retail
    Property size:
    2,280 SF
    Lot size:
    0.20 Acres
    Price / SF:
    $24/SF
    Added:
    Aug 12, 2025
    Days on Market:
    298
    Last Refresh:
    Jun 5 at 5:06 pm

    Property Features for 212 N Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Standard status
    Active
    Size
    2,280 SF
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Annual Amount
    595

    Utilities

    Heating system
    Central, Natural Gas
    Cooling system
    Central Air, Window Unit(s)

    Building Details

    Flooring type
    Ceramic

    We can help!

    Listing Contact
    Fred Landreth
    Fred Landreth

    Listing agent Fred Landreth License #2006037010

    Listing office PRO 100 Inc., REALTORS 1027 S Main Street Suite 300, Joplin, MO

    Listing date Aug 12, 2025

    MLS# 254418

    Copyright © 2026 Ozark Gateway Association 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.

    HighLights

    • 2 bathrooms and ceramic flooring
    • 2,260 sq ft under roof with a 50 x 18 privacy patio
    • Central A/C plus separate window units for main room and kitchen areas
    • Central heating with natural gas, including in‑floor water circulation heat for main rooms
    • Commercial kitchen equipment includes a 6‑burner gas range and double half‑sized commercial convection oven
    • Fire suppression: ANSUL system with Type‑K extinguishers

    Overview

    This property is a standalone restaurant and event center concept featuring a dedicated catering kitchen and a main-room setup. Improvements include a metal tiled ceiling, in-floor water circulation heat for the main room, electric heat in the kitchen area, and central air with separate units for the main room and kitchen. Hot water is supported by a gas commercial water heater. Fire safety is addressed with an ANSUL automatic suppression system and a Type-K fire extinguisher.

    The layout is supported by a privacy patio and a range of existing equipment intended for prepared food operations. Included items noted in the remarks include 36-inch square tables with chairs, a portable rustic bar cart with a drainage box, and kitchen appliances such as a double half-sized commercial convection oven and a 6-burner gas range. Restrooms are also provided.

    With its combination of an event-ready main area, existing food service kitchen equipment, and the included suppression system, the space may fit operators looking for a ready-to-run restaurant, catering kitchen, or event-oriented food concept. The property is located at 212 N Main Street in Alba, Missouri.
    Property Profile Location Intelligence

    Current Use by Public Records

    Culver Creek Eatery ... Take-out & Catering Alba's Attic Department Store

    Suggested Use

    Restaurant Big Box & Wholesale Store Auto Repair Shop Department Store Grocery & Convenience Store Food Market Catering Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alba
    County
    Jasper
    State
    Missouri
    Longitude
    -94.418036
    Latitude
    37.238436

    FAQs

    What type of property is this?
    Retail space - Standalone restaurant event space with catering kitchen, privacy patio, and fire suppression system, ready for food service operations.
    Where is this retail space located?
    The property is located at 212 N Main Street Alba, MO.
    What is the asking price?
    The asking price for this property is $55,000.
    What are key features of this property?
    This property features: 2 bathrooms and ceramic flooring; 2,260 sq ft under roof with a 50 x 18 privacy patio; Central A/C plus separate window units for main room and kitchen areas
    (417) 437-3660
    We can help!
    Listing Contact
    Fred Landreth
    Fred Landreth
    Real Estate License ID: 2006037010
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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