Drive-Through Cafe and
For Sale
$180,000
307 East State Street, Delta, MO 63744
Two-building food-service property with a separate prep building and furniture, fixtures, and equipment included.
Property Size1,458 SF
Lot Size1.15 Acres
Days on Market78
Property Features for 307 East State Street
General Information
Standard status
Active
Size
1,458 SF
Lot size
1.15 Acres
Property subtype
Retail
Site & Location
Drive-Thru
Yes
Highway Access
Yes
Additional Details
Furnished
Yes
Business Included
Yes
Equipment Included
Yes
Building Details
Building Size
1,458 SF
Year Built
2010
Buildings
2
Listing Agency:
Lorimont L.C.
Listed By:
Chris Cole, JD, CCIM, ALC · License #2018017770
(573) 275-0429
Source:
Lorimont
Added: Aug 4
Changed: Oct 3
Last Checked: Oct 19 at 3:45AM
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 Lorimont L.C.
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Investment Insights
Based on property information with market context.
This drive-through cafe and BBQ restaurant includes the land, buildings, furniture, fixtures, and equipment. The primary structure provides 1,080 SF of restaurant space on six-inch concrete floors and is currently configured for cafe and BBQ operations. A second building measures 18 x 21 feet and is a new, insulated metal structure used for BBQ preparation.
The property encompasses 1.15 acres at 307 E State St in Delta, Missouri, along MO-25. The improvements were built in 2010. The property information states that no city zoning restrictions or city permits are required, providing flexibility for continued food-service use or redevelopment.
The property encompasses 1.15 acres at 307 E State St in Delta, Missouri, along MO-25. The improvements were built in 2010. The property information states that no city zoning restrictions or city permits are required, providing flexibility for continued food-service use or redevelopment.
Key Highlights
- Drive‑through cafe and BBQ restaurant currently in use
- 1.15‑acre property at 307 E State St in Delta, Missouri
- Main restaurant building contains 1,080 SF on six‑inch concrete floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,739
Cap Rate
8.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$294,780
$294.8K
Cap Rate 7%
$210,557
$210.6K
Cap Rate 9%
$163,767
$163.8K
Market Conditions
NOI Build-Up for 1,458 SF
Gross rent
$20.5K $14.04/SF
− Vacancy
−$819 −$0.56/SF
EGI
$19.7K $13.48/SF
− OpEx
−$4.9K −$3.37/SF
NOI
$14.7K $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%
$294,780
Cap Rate 7%
$210,557
Cap Rate 9%
$163,767
Alternative Uses
Best Use
Specialty Retail
$210.6K
$184.2K – $245.7K
NOI $14,739 @ 7.0% cap · market cap 8.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$460.0K
$402.5K – $536.6K
NOI $32,198 @ 7.0% cap · market cap 17.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Two-building food-service property with a separate prep building and furniture, fixtures, and equipment included.
Where is this drive through restaurant located?
The property is located at 307 East State Street Delta, MO.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Drive‑through cafe and BBQ restaurant currently in use; 1.15‑acre property at 307 E State St in Delta, Missouri; Main restaurant building contains 1,080 SF on six‑inch concrete floors
