Remodeled Drive-Through
New
For Sale
$795,000
37 Enterprise Drive, Seymour, MO 65746
Commercial Sale, Seymour, MO
Property Size3,300 SF
Lot Size3.00 Acres
Price / SF$240.91
Days on Market2
Property Features for 37 Enterprise Drive
General Information
Property type
Commercial Sale
Property subtype
Retail
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Lot features
Level
Directions
Highway 60 East to First Seymour Exit. Left to property.
Standard status
Active
APN
158034000000009050
Lot size
3.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Beg Nw Cor Se Sw, E 110.10', Se 411.81', S 103.14', W 70.01', S 266.37' To N R/W Of Easement, Thence Nw 178.54', N 673.23' To Pob
Tax Annual Amount
2479
Legal Description
Beg Nw Cor Se Sw, E 110.10', Se 411.81', S 103.14', W 70.01', S 266.37' To N R/W Of Easement, Thence Nw 178.54', N 673.23' To Pob
Utilities
Utilities
Water Available
Heating system
Natural Gas, Forced Air
Cooling system
Central Air, Electric
Building Details
Year built
2006
Roof type
Metal
Listing Agency:
Westgate Springfield/Seymour
(417) 595-0600
Listed By:
Scott A Hepko · License #2000167922
(417) 224-7672
Added: Sep 21
Changed: Sep 22
Last Checked: Sep 22 at 7:06AM
MLS# 60334475
Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Remodeled in 2024, this nearly 3,300-square-foot restaurant building occupies 3 commercially zoned acres in Seymour. The layout includes an open seating area, two restrooms, a hood, walk-in cooler, and double drive-through service. The property was previously configured for restaurant use and includes a metal roof, forced-air natural gas heating, and central electric air conditioning.
The site is positioned just off Highway 60, with access to a high-traffic corridor. Springfield is approximately 30 minutes west, while the property is located in Seymour, Missouri. Water is available at the site, supporting the existing commercial building and its food-service configuration.
The site is positioned just off Highway 60, with access to a high-traffic corridor. Springfield is approximately 30 minutes west, while the property is located in Seymour, Missouri. Water is available at the site, supporting the existing commercial building and its food-service configuration.
Key Highlights
- Nearly 3,300‑square‑foot building on 3 acres
- Remodeled in 2024
- Double drive‑through service
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
$26,313
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
3.31%
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%
$526,260
$526.3K
Cap Rate 7%
$375,900
$375.9K
Cap Rate 9%
$292,367
$292.4K
Market Conditions
NOI Build-Up for 3,300 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
$36.4K $11.04/SF
− Vacancy
−$1.3K −$0.41/SF
EGI
$35.1K $10.63/SF
− OpEx
−$8.8K −$2.66/SF
NOI
$26.3K $7.97/SF
Area
Webster 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%
$526,260
Cap Rate 7%
$375,900
Cap Rate 9%
$292,367
Alternative Uses
Best Use
Specialty Retail
$375.9K
$328.9K – $438.6K
NOI $26,313 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$498.1K
$435.8K – $581.1K
NOI $34,865 @ 7.0% cap · market cap 4.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
30k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
McDonald's
Dining
29,916 visits/mo
0.2 miles
Demographics for 65746, MO
8,667
Population
2,870
Households
3
Avg Household Size
30
Median Age
14%
College-Educated
83%
High-School Grad
185.4 sq mi
ZIP Area
47
Density / Sq Mi
$53,503
Median Household Income
$34,809
Median Earnings
$698
Median Rent
$190,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Commercially zoned restaurant property with dual drive-through service, customer seating, and existing food-service infrastructure.
Where is this drive through restaurant located?
The property is located at 37 Enterprise Drive Seymour, MO.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Nearly 3,300‑square‑foot building on 3 acres; Remodeled in 2024; Double drive‑through service
