Restaurant Building with Commercial
For Sale
$149,000
5 N Main Street, Saint Clair, MO 63077
Zoned C-3/C-4 with kitchen, seating, restrooms, and enclosed patio for food service or mixed-use.
Property Size1,306 SF
Days on Market142
Property Features for 5 N Main Street
General Information
Standard status
Active
Size
1,306 SF
Property subtype
Business
Zoning
C-3 and C-4
Additional Details
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$1,677
Building Details
Building Size
1,306 SF
Year Built
1944
Listing Agency:
RE/MAX Platinum
(314) 607-6803
Listed By:
Tia Hempel-Nunn
Source:
Hdrealestateteam
Added: Apr 6
Changed: Aug 23
Last Checked: Aug 24 at 3:01PM
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 Platinum
Investment Insights
Based on property information with market context.
This property is a restaurant building designed for food service operations, with a large seating area, commercial kitchen, storage areas, two restrooms, and a break room. Existing kitchen equipment may remain, which can support a faster path to reopening or continued use. The exterior includes an enclosed concrete patio with wrought iron fencing and gates, offering space that may work for outdoor customer seating or other guest-area uses. Updates include a new electric A/C unit installed in 2023 along with various other property improvements.
Located on Main Street in St. Clair, the building benefits from visibility and direct accessibility for passersby. The property is zoned C-3 and C-4, which can support a wide variety of commercial or mixed-use opportunities. Convenient city parking is available nearby to support customers and visitors.
For owner-users and investors, the combination of an operating restaurant layout and the option for existing kitchen equipment may be well-suited to a turnkey food service concept. The enclosed patio can also support customer-focused use cases that fit within the existing restaurant configuration. With flexible zoning, the space may provide a practical base for other permitted commercial or mixed-use activities consistent with C-3 and C-4 zoning.
Located on Main Street in St. Clair, the building benefits from visibility and direct accessibility for passersby. The property is zoned C-3 and C-4, which can support a wide variety of commercial or mixed-use opportunities. Convenient city parking is available nearby to support customers and visitors.
For owner-users and investors, the combination of an operating restaurant layout and the option for existing kitchen equipment may be well-suited to a turnkey food service concept. The enclosed patio can also support customer-focused use cases that fit within the existing restaurant configuration. With flexible zoning, the space may provide a practical base for other permitted commercial or mixed-use activities consistent with C-3 and C-4 zoning.
Key Highlights
- Commercial property on Main Street in St. Clair previously used as a restaurant
- Zoned C‑3 and C‑4 for a wide variety of commercial or mixed‑use opportunities
- Features large seating area, commercial kitchen, storage areas, two restrooms, and a break room
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
$8,294
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
5.57%
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%
$165,880
$165.9K
Cap Rate 7%
$118,486
$118.5K
Cap Rate 9%
$92,156
$92.2K
Market Conditions
NOI Build-Up for 1,306 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
$12.4K $9.48/SF
− Vacancy
−$532 −$0.41/SF
EGI
$11.8K $9.07/SF
− OpEx
−$3.6K −$2.72/SF
NOI
$8.3K $6.35/SF
Area
Franklin County, MO
Vacancy
4.30%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
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%
$165,880
Cap Rate 7%
$118,486
Cap Rate 9%
$92,156
Alternative Uses
Best Use
Specialty Retail
$202.7K
$177.4K – $236.5K
NOI $14,188 @ 7.0% cap · market cap 9.52%
Second Best
Industrial
$118.5K
$103.7K – $138.2K
NOI $8,294 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$384.5K
$336.4K – $448.6K
NOI $26,914 @ 7.0% cap · market cap 18.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
50k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 67%
Home Improvements & Furnishings 17%
Groceries 14%
Dining 2%
St Clair #2
Shops & Services
14,528 visits/mo
0.3 miles
R&R Ace
Home Improvements & Furnishings
8,408 visits/mo
0.3 miles
Dollar General
Shops & Services
7,553 visits/mo
0.4 miles
Dollar Tree
Shops & Services
7,199 visits/mo
0.5 miles
Save-A-Lot
Groceries
6,986 visits/mo
0.4 miles
Demographics for 63077, MO
11,874
Population
5,392
Households
2.2
Avg Household Size
40
Median Age
13%
College-Educated
87%
High-School Grad
87.7 sq mi
ZIP Area
135
Density / Sq Mi
$56,458
Median Household Income
$39,167
Median Earnings
$869
Median Rent
$161,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Zoned C-3/C-4 with kitchen, seating, restrooms, and enclosed patio for food service or mixed-use.
Where is this conventional restaurant located?
The property is located at 5 N Main Street Saint Clair, MO.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: Commercial property on Main Street in St. Clair previously used as a restaurant; Zoned C‑3 and C‑4 for a wide variety of commercial or mixed‑use opportunities; Features large seating area, commercial kitchen, storage areas, two restrooms, and a break room
