Freestanding Drive-Thru
For Sale
Contact for pricing
512 South Ash Street, Buffalo, MO 65622
Vacant freestanding drive-thru QSR at a signalized intersection with strong retail co-tenancy and established infrastructure.
Property Size3,234 SF
Price / SF$216.45
Days on Market56
Property Features for 512 South Ash Street
General Information
Standard status
Active
Size
3,234 SF
Property subtype
Retail
Site & Location
Traffic Count
14,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1984
Listing Agency:
Northmarq - Portland
Listed By:
Matt Lipson · License #201225340
Source:
Crexi
Added: Jun 17
Changed: Aug 8
Last Checked: Aug 10 at 12:29PM
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 Northmarq - Portland
Investment Insights
Based on property information with market context.
This offering is a vacant, freestanding drive-thru QSR built for quick-service restaurant operations. The property is presented with established infrastructure in place, supporting either efficient re-tenanting by a new QSR operator or redevelopment for an alternative concept. As a drive-thru facility, the site is configured to accommodate order-and-pickup traffic as part of everyday restaurant flow.
The location is positioned at a signalized intersection of US-65 and MO-32, with combined traffic counts exceeding 14,000 vehicles per day. The site is surrounded by established national and local retail, including Walmart and Woods Supermarket, along with multiple national QSR operators such as McDonald’s and Hardee’s, and a recently constructed Taco Bell.
Given the drive-thru configuration and neighborhood restaurant mix, the property can fit QSR users seeking to enter or expand within the Buffalo market. It may also appeal to developers or operators evaluating redevelopment options at a highly visible corner within a retail and service hub serving Dallas County in the Springfield MSA.
The location is positioned at a signalized intersection of US-65 and MO-32, with combined traffic counts exceeding 14,000 vehicles per day. The site is surrounded by established national and local retail, including Walmart and Woods Supermarket, along with multiple national QSR operators such as McDonald’s and Hardee’s, and a recently constructed Taco Bell.
Given the drive-thru configuration and neighborhood restaurant mix, the property can fit QSR users seeking to enter or expand within the Buffalo market. It may also appeal to developers or operators evaluating redevelopment options at a highly visible corner within a retail and service hub serving Dallas County in the Springfield MSA.
Key Highlights
- Vacant freestanding drive‑thru QSR built in 1984
- Located at the signalized intersection of US‑65 and MO‑32 in Buffalo, MO
- Combined traffic counts exceed 14,000 vehicles per day (US‑65 & MO‑32 intersection)
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
$25,787
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
3.68%
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%
$515,740
$515.7K
Cap Rate 7%
$368,386
$368.4K
Cap Rate 9%
$286,522
$286.5K
Market Conditions
NOI Build-Up for 3,234 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
$35.7K $11.04/SF
− Vacancy
−$1.3K −$0.41/SF
EGI
$34.4K $10.63/SF
− OpEx
−$8.6K −$2.66/SF
NOI
$25.8K $7.97/SF
Area
Dallas 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%
$515,740
Cap Rate 7%
$368,386
Cap Rate 9%
$286,522
Alternative Uses
Best Use
Specialty Retail
$368.4K
$322.3K – $429.8K
NOI $25,787 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$488.1K
$427.1K – $569.5K
NOI $34,168 @ 7.0% cap · market cap 4.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
391
Businesses Nearby
124k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 27%
Superstores 21%
McDonald's
Dining
31,447 visits/mo
0.1 miles
Walmart
Superstores
25,518 visits/mo
0.3 miles
Casey's
Shops & Services
23,043 visits/mo
0.4 miles
SONIC Drive In
Dining
12,489 visits/mo
0.4 miles
Taco Bell
Dining
11,529 visits/mo
0.1 miles
Demographics for 65622, MO
8,461
Population
3,517
Households
2.4
Avg Household Size
42
Median Age
19%
College-Educated
91%
High-School Grad
151.4 sq mi
ZIP Area
56
Density / Sq Mi
$44,231
Median Household Income
$38,426
Median Earnings
$659
Median Rent
$143,200
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?
Drive through restaurant - Vacant freestanding drive-thru QSR at a signalized intersection with strong retail co-tenancy and established infrastructure.
Where is this drive through restaurant located?
The property is located at 512 South Ash Street Buffalo, MO.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Vacant freestanding drive‑thru QSR built in 1984; Located at the signalized intersection of US‑65 and MO‑32 in Buffalo, MO; Combined traffic counts exceed 14,000 vehicles per day (US‑65 & MO‑32 intersection)
