Restaurant Building with Outdoor
For Sale
$726,900
329 S Main Avenue Bolivar, Bolivar, MO 65613
Restaurant property with private dining, commercial kitchen infrastructure, outdoor seating, and paved customer parking.
Property Size4,683 SF
Price / SF$155.22
Days on Market62
Property Features for 329 S Main Avenue Bolivar
General Information
Standard status
Active
Size
4,683 SF
Additional Details
Patio
Yes
Taxes and HOA fees
Annual Taxes
$3,062
Amenities
Private dining room
Outdoor seating with water fountain
118X238
0.64
Paved,Private,Parking Area,20+ Spaces
4683
Building Details
Building Size
4,683 SF
Year Built
1950
Listing Agency:
RE/MAX SHOWTIME
(417) 294-1629
Listed By:
Jon Holloway
(417) 294-1629
Source:
Jonholloway.showtimeproperties
Added: Jul 1
Changed: Aug 30
Last Checked: Aug 30 at 7:31PM
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 SHOWTIME
Investment Insights
Based on property information with market context.
The 4,683-square-foot restaurant at 329 S Main Avenue includes a main dining room, a separate private dining room, and a commercial kitchen with prep and storage areas. A walk-in cooler supports kitchen operations, while HVAC systems have been serviced and updated within the past five years. The building was constructed in 1950.
Outdoor seating extends the customer area and includes a water fountain feature. The property also provides a paved, private parking area with 20+ spaces for customers and staff. Located in Bolivar, Missouri, the restaurant offers an established physical layout for continued restaurant use.
Outdoor seating extends the customer area and includes a water fountain feature. The property also provides a paved, private parking area with 20+ spaces for customers and staff. Located in Bolivar, Missouri, the restaurant offers an established physical layout for continued restaurant use.
Key Highlights
- 4,683 square feet of restaurant space
- Main dining room plus separate private dining room
- Commercial kitchen with walk‑in cooler, prep, and storage areas
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
5.14%
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 5.14%
Second Best
Industrial
$214.6K
$187.7K – $250.3K
NOI $15,019 @ 7.0% cap · market cap 2.07%
Theoretical Best
Office A
$706.8K
$618.5K – $824.6K
NOI $49,477 @ 7.0% cap · market cap 6.81%
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 - Restaurant property with private dining, commercial kitchen infrastructure, outdoor seating, and paved customer parking.
Where is this conventional restaurant located?
The property is located at 329 S Main Avenue Bolivar Bolivar, MO.
What is the asking price?
The asking price for this property is $726,900.
What are key features of this property?
This property features: 4,683 square feet of restaurant space; Main dining room plus separate private dining room; Commercial kitchen with walk‑in cooler, prep, and storage areas
