Taco John's
309 North 2nd Street, Odessa, MO 64076
For Sale
Contact for pricing
A 2023 renovation added kitchen equipment, cold storage, and updated interior finishes.
Property Size2,141 SF
Price / SF$490.43
Days on Market46
Property Features for 309 North 2nd Street
General Information
Standard status
Size
Property subtype
Additional Details
Business Included
Equipment Included
Building Details
Year Renovated
Listing Agency:
Sands Investment Group Austin
Listed By:
Will Schuhmacher · License #TX 629275
(512) 277-5924
Source:
Crexi
Added: Sep 25
Changed: Nov 8
Last Checked: Nov 8 at 2:16PM
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 Sands Investment Group Austin
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The offering combines the Taco John's restaurant business and real estate at 309 North 2nd Street in Odessa, Missouri. The 2,141-square-foot property received a full remodel in 2023, including new equipment, a walk-in cooler and freezer, flooring, and interior finishes. The Taco John's store package is also included.
Key Highlights
- 2,141‑square‑foot restaurant business and real estate
- Full remodel completed in 2023
- Includes new equipment, a walk‑in cooler and freezer, and the Taco John's store package
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,611
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$732,220
$732.2K
Cap Rate 7%
$523,014
$523.0K
Cap Rate 9%
$406,789
$406.8K
Market Conditions
NOI Build-Up for 2,141 SF
Gross rent
$51.4K $24.00/SF
− Vacancy
−$2.6K −$1.20/SF
EGI
$48.8K $22.80/SF
− OpEx
−$12.2K −$5.70/SF
NOI
$36.6K $17.10/SF
Area
Lafayette County, MO
Vacancy
5.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$732,220
Cap Rate 7%
$523,014
Cap Rate 9%
$406,789
Alternative Uses
Best Use
Specialty Retail
$523.0K
$457.6K – $610.2K
NOI $36,611 @ 7.0% cap · market cap 3.49%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
66
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 64076, MO
9,863
Population
3,752
Households
2.6
Avg Household Size
39
Median Age
23%
College-Educated
94%
High-School Grad
124.3 sq mi
ZIP Area
79
Density / Sq Mi
$81,058
Median Household Income
$43,002
Median Earnings
$961
Median Rent
$226,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A 2023 renovation added kitchen equipment, cold storage, and updated interior finishes.
Where is this conventional restaurant located?
The property is located at 309 North 2nd Street Odessa, MO.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 2,141‑square‑foot restaurant business and real estate; Full remodel completed in 2023; Includes new equipment, a walk‑in cooler and freezer, and the Taco John's store package
