Building Details

Year Built 2006

Buildings 1

Stories 1

Units 1

Listing Agency: Berkshire Hathaway HomeServices Vision Real Estate

Listed By: Matthew Beckett · License #MO 2015028745

Source: Crexi

Added: Feb 21 Changed: Aug 8 Last Checked: Aug 8 at 6:42AM

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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 Berkshire Hathaway HomeServices Vision Real Estate

Investment Insights

Based on property information with market context.

This established restaurant and bar, a local landmark in historic Hartsburg, is available for purchase and includes the real estate. The property offers both indoor and outdoor dining spaces. Its location next to the Katy Trail State Park (MKT Trail) makes it a popular destination for trail users and visitors, particularly during the annual Pumpkin Fest. Live music and a small-town atmosphere contribute to its appeal as a gathering place. The restaurant has a loyal and established customer base and a menu designed to appeal to a wide range of tastes. The building has a size of 2592 square feet. All kitchen equipment, furniture, fixtures, and equipment (FFE), and inventory are included in the sale. There is potential for growth by expanding operating hours.

Key Highlights

• Established restaurant and bar business with real estate included.
• Prime location next to the Katy Trail State Park (MKT Trail).
• Loyal, established customer base and popular menu.

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

$25,743

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

4.52%

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%

$514,860 $514.9K

Cap Rate 7%

$367,757 $367.8K

Cap Rate 9%

$286,033 $286.0K

Market Conditions

NOI Build-Up for 2,592 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

$36.4K $14.04/SF

− Vacancy

−$2.1K −$0.80/SF

EGI

$34.3K $13.24/SF

− OpEx

−$8.6K −$3.31/SF

NOI

$25.7K $9.93/SF

Area

Boone County, MO

Vacancy

5.68%

Lease Rate

$14.04 /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%

$514,860

Cap Rate 7%

$367,757

Cap Rate 9%

$286,033

Alternative Uses

Best Use

Specialty Retail

$367.8K

$321.8K – $429.1K (±1% cap)

NOI $25,743 @ 7.0% cap · market cap 4.52%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$922.0K

$806.8K – $1.08M (±1% cap)

NOI $64,542 @ 7.0% cap · market cap 11.32%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

The Burg Restaurant

Suggested Use

Top Pick Bakery Restaurant Discount Store Bed & Breakfast Hotel & Motel Department Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

23

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 65039, MO

2,446

Population

1,216

Households

2

Avg Household Size

44

Median Age

51%

College-Educated

96%

High-School Grad

59.2 sq mi

ZIP Area

41

Density / Sq Mi

$121,364

Median Household Income

$47,009

Median Earnings

$591

Median Rent

$408,600

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this bars & pubs located? What is the asking price? Find similar properties ... What are key features of this property?

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Similar Off Market Nearby

• Hartsburg Hitching Post — 30 N 2nd St, Hartsburg, MO 65039

Frequently Asked Questions

What type of property is this?

Bar & Pub - Established restaurant and bar next to Katy Trail State Park.

Where is this bar & pub located?

The property is located at 35 E Main St Hartsburg, MO.

What is the asking price?

The asking price for this property is $570,000.

What are key features of this property?

This property features: Established restaurant and bar business with real estate included.; Prime location next to the Katy Trail State Park (MKT Trail).; Loyal, established customer base and popular menu.