Historic Retail
For Sale
Contact for pricing
323 S Hudson Street, Buckner, MO 64016
Late-1800s downtown retail building with exposed brick character, currently operating as a wine bar space.
Property Size1,300 SF
Price / SF$76.85
Days on Market61
Property Features for 323 S Hudson Street
General Information
Standard status
Active
Size
1,300 SF
Property subtype
Retail
Zoning
C2
Building Details
Year Built
1920
Listing Agency:
RE/MAX Premier Properties
(816) 810-9279
Listed By:
Anita Jonas · License #2015044991
Source:
Crexi
Added: Jun 12
Changed: Aug 8
Last Checked: Aug 11 at 3:13PM
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 RE/MAX Premier Properties
Investment Insights
Based on property information with market context.
This late-1800s commercial building offers approximately 1,300 square feet of character-filled retail space. Inside, the property features exposed brick walls and distinctive architectural details that reflect its historic construction. The building is currently home to The Hudson Room Wine Bar, and it is being offered as a real estate sale only—the business itself is not included.
Located in the heart of downtown Buckner at 323 S Hudson Street, the property benefits from a central position within the downtown district. Its storefront configuration supports walk-in retail concepts and neighborhood-facing uses, with the current use demonstrating the space’s suitability for hospitality and tasting formats.
For buyers and operators seeking a standalone downtown location, this building can serve as a retail shop, tasting room, office, or creative concept space. The existing buildout and brick-and-detail character provide a ready foundation for a new tenant to reimagine the experience while keeping the building’s historic presence intact.
Located in the heart of downtown Buckner at 323 S Hudson Street, the property benefits from a central position within the downtown district. Its storefront configuration supports walk-in retail concepts and neighborhood-facing uses, with the current use demonstrating the space’s suitability for hospitality and tasting formats.
For buyers and operators seeking a standalone downtown location, this building can serve as a retail shop, tasting room, office, or creative concept space. The existing buildout and brick-and-detail character provide a ready foundation for a new tenant to reimagine the experience while keeping the building’s historic presence intact.
Key Highlights
- Late‑1800s commercial building (Year Built: 1920) in the heart of downtown Buckner.
- Approximately 1,300 SF of character‑filled retail/commercial space.
- Exposed brick walls and unique architectural details.
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
$3,707
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
3.71%
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%
$74,140
$74.1K
Cap Rate 7%
$52,957
$53.0K
Cap Rate 9%
$41,189
$41.2K
Market Conditions
NOI Build-Up for 1,300 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
$5.1K $3.96/SF
− Vacancy
−$206 −$0.16/SF
EGI
$4.9K $3.80/SF
− OpEx
−$1.2K −$0.95/SF
NOI
$3.7K $2.85/SF
Area
Jackson County, MO
Vacancy
4.00%
Lease Rate
$3.96 /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%
$74,140
Cap Rate 7%
$52,957
Cap Rate 9%
$41,189
Alternative Uses
Best Use
Retail
$179.7K
$157.3K – $209.7K
NOI $12,580 @ 7.0% cap · market cap 12.59%
Second Best
Specialty Retail
$53.0K
$46.3K – $61.8K
NOI $3,707 @ 7.0% cap · market cap 3.71%
Theoretical Best
Warehouse
$341.9K
$299.2K – $398.9K
NOI $23,934 @ 7.0% cap · market cap 23.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
175
Businesses Nearby
26k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 86%
Dining 14%
Buckner #1
Shops & Services
10,662 visits/mo
0.4 miles
Dollar General
Shops & Services
4,900 visits/mo
0.4 miles
SONIC Drive In
Dining
3,575 visits/mo
0.4 miles
Shell
Shops & Services
2,827 visits/mo
0.3 miles
Phillips 66
Shops & Services
2,509 visits/mo
0.3 miles
Demographics for 64016, MO
4,682
Population
1,817
Households
2.6
Avg Household Size
40
Median Age
24%
College-Educated
90%
High-School Grad
32.4 sq mi
ZIP Area
145
Density / Sq Mi
$92,734
Median Household Income
$44,623
Median Earnings
$981
Median Rent
$205,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Late-1800s downtown retail building with exposed brick character, currently operating as a wine bar space.
Where is this storefront property located?
The property is located at 323 S Hudson Street Buckner, MO.
What is the asking price?
The asking price for this property is $99,900.
What are key features of this property?
This property features: Late‑1800s commercial building (Year Built: 1920) in the heart of downtown Buckner.; Approximately 1,300 SF of character‑filled retail/commercial space.; Exposed brick walls and unique architectural details.
