Restaurant Building with Highway
For Sale
$549,900
5598 Us Highway 61 N, Jackson, MO 63755
Commercial Sale, Jackson, MO
Property Size3,096 SF
Lot Size0.64 Acres
Price / SF$177.62
Days on Market48
Property Features for 5598 Us Highway 61 N
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Driveway
Standard status
Active
APN
005104042000025000
Size
3,096 SF
Lot size
0.64 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
4477
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Forced Air
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2017
Floors in Building
1
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
Century 21 Ashland Realty · Century 21 Real Estate
(573) 334-2121
Listed By:
Sandy Tegel · License #2001014505
(573) 620-1794
Added: Jul 22
Changed: Aug 24
Last Checked: Sep 7 at 11:06AM
MLS# 25030267
Copyright © 2026 Mid America Regional Information Systems, Inc. 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.
This 3,096-square-foot commercial building occupies 0.64 acres and was built in 2017 for restaurant use. The open interior was designed to accommodate 90 guests and prepared for installation of a commercial kitchen. Metal siding, a metal roof, electric forced-air heat, and central air provide a durable building envelope with standard mechanical systems. Driveway parking serves the property, while public water and public sewer are available.
Located at 5598 US Highway 61 N in Jackson, Missouri, the property has highway and interstate frontage and sits minutes from I-55. The county has no zoning restrictions, supporting consideration of restaurant, retail, office, medical office, salon, daycare, church, school, or other uses identified for the building.
Located at 5598 US Highway 61 N in Jackson, Missouri, the property has highway and interstate frontage and sits minutes from I-55. The county has no zoning restrictions, supporting consideration of restaurant, retail, office, medical office, salon, daycare, church, school, or other uses identified for the building.
Key Highlights
- 3,096 square feet on 0.64 acres
- Built in 2017 with metal siding and a metal roof
- Restaurant layout designed for seating up to 90 guests
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
$31,297
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
5.69%
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%
$625,940
$625.9K
Cap Rate 7%
$447,100
$447.1K
Cap Rate 9%
$347,744
$347.7K
Market Conditions
NOI Build-Up for 3,096 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
$43.5K $14.04/SF
− Vacancy
−$1.7K −$0.56/SF
EGI
$41.7K $13.48/SF
− OpEx
−$10.4K −$3.37/SF
NOI
$31.3K $10.11/SF
Area
Cape Girardeau County, MO
Vacancy
4.00%
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%
$625,940
Cap Rate 7%
$447,100
Cap Rate 9%
$347,744
Alternative Uses
Best Use
Specialty Retail
$447.1K
$391.2K – $521.6K
NOI $31,297 @ 7.0% cap · market cap 5.69%
Second Best
Industrial
$288.3K
$252.3K – $336.4K
NOI $20,182 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$976.7K
$854.6K – $1.14M
NOI $68,371 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
89
Businesses Nearby
26k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 95%
Dining 5%
Casey's General Store
Shops & Services
9,516 visits/mo
0.1 miles
Dollar General
Shops & Services
9,321 visits/mo
0.2 miles
Phillips 66
Shops & Services
4,289 visits/mo
0.3 miles
SUBWAY
Dining
1,365 visits/mo
0.2 miles
Fruitland Hardware
Shops & Services
1,092 visits/mo
0.3 miles
Demographics for 63755, MO
27,496
Population
10,867
Households
2.5
Avg Household Size
39
Median Age
35%
College-Educated
95%
High-School Grad
177.1 sq mi
ZIP Area
155
Density / Sq Mi
$82,841
Median Household Income
$41,876
Median Earnings
$977
Median Rent
$233,400
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 - Open-plan commercial building designed for restaurant use, with guest seating and driveway parking.
Where is this conventional restaurant located?
The property is located at 5598 Us Highway 61 N Jackson, MO.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 3,096 square feet on 0.64 acres; Built in 2017 with metal siding and a metal roof; Restaurant layout designed for seating up to 90 guests
