Restaurant Space in Central
For Sale
Contact for pricing
329 S Main Ave, Bolivar, MO 65613
Turnkey restaurant space with high visibility and ample parking.
Property Size4,683 SF
Price / SF$165.90
Days on Market196
Property Features for 329 S Main Ave
General Information
Standard status
Active
Size
4,683 SF
Property subtype
Retail
Building Details
Year Built
1950
Listing Agency:
Neighborhood Real Estate
(417) 399-2275
Listed By:
Dustin Ross · License #2043895
Source:
Crexi
Added: Feb 5
Changed: Aug 8
Last Checked: Aug 19 at 6:39AM
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 Neighborhood Real Estate
Investment Insights
Based on property information with market context.
This property offers approximately 5,000 square feet of restaurant space in a high-traffic, central location. The well-maintained building features a spacious main dining area suitable for large groups, along with a private dining room for events or meetings. The kitchen is equipped for high-volume service, including a large walk-in cooler and ample prep and storage space. The HVAC systems have been serviced and updated within the past five years. Outdoor seating is available, enhanced by a water fountain centerpiece. A large parking lot provides ample space for customers and staff. The property is located south of Bolivar square on Main Street, on the right side, offering visibility and accessibility. This turnkey space is suitable for opening a new restaurant concept or expanding an established brand.
Key Highlights
- High‑traffic central location offers unmatched visibility and accessibility.
- Approximately 5,000 sq ft of restaurant space suitable for various concepts.
- Spacious main dining area and private dining room for events and gatherings.
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
$37,341
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
4.81%
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%
$746,820
$746.8K
Cap Rate 7%
$533,443
$533.4K
Cap Rate 9%
$414,900
$414.9K
Market Conditions
NOI Build-Up for 4,683 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
$51.7K $11.04/SF
− Vacancy
−$1.9K −$0.41/SF
EGI
$49.8K $10.63/SF
− OpEx
−$12.4K −$2.66/SF
NOI
$37.3K $7.97/SF
Area
Polk County, MO
Vacancy
3.70%
Lease Rate
$11.04 /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%
$746,820
Cap Rate 7%
$533,443
Cap Rate 9%
$414,900
Alternative Uses
Best Use
Specialty Retail
$533.4K
$466.8K – $622.4K
NOI $37,341 @ 7.0% cap · market cap 4.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$706.8K
$618.5K – $824.6K
NOI $49,477 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
595
Businesses Nearby
50k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 73%
Shops & Services 27%
SONIC Drive In
Dining
19,595 visits/mo
0.2 miles
Bolivar
Shops & Services
9,606 visits/mo
0.2 miles
El Rodeo
Dining
7,167 visits/mo
0.2 miles
Domino's Pizza
Dining
7,003 visits/mo
0.4 miles
Little Caesars Pizza
Dining
2,731 visits/mo
0.3 miles
Demographics for 65613, MO
17,890
Population
7,327
Households
2.4
Avg Household Size
37
Median Age
26%
College-Educated
90%
High-School Grad
184.9 sq mi
ZIP Area
97
Density / Sq Mi
$56,919
Median Household Income
$31,765
Median Earnings
$828
Median Rent
$197,200
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?
Conventional restaurant - Turnkey restaurant space with high visibility and ample parking.
Where is this conventional restaurant located?
The property is located at 329 S Main Ave Bolivar, MO.
What is the asking price?
The asking price for this property is $776,900.
What are key features of this property?
This property features: High‑traffic central location offers unmatched visibility and accessibility.; Approximately 5,000 sq ft of restaurant space suitable for various concepts.; Spacious main dining area and private dining room for events and gatherings.
