Restaurant Building with Open
For Sale
$549,900
5598 Us Highway 61 North, Jackson, MO 63755
Highway-fronted building built in 2017 with restaurant-oriented infrastructure and flexible commercial configuration.
Property Size3,096 SF
Price / SF$177.62
Days on Market16
Property Features for 5598 Us Highway 61 North
General Information
Standard status
Active
Size
3,096 SF
Restaurant
Seating Capacity
90
Commercial Hood
No
Additional Details
Highway Access
Yes
Building Details
Year Built
2017
Buildings
1
Listing Agency:
Century 21 Ashland Realty
(573) 979-5719
Listed By:
Sandy Tegel · License #2001014505
Source:
Nations-network
Added: Aug 16
Changed: Aug 31
Last Checked: Aug 31 at 8:26AM
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 Century 21 Ashland Realty
Investment Insights
Based on property information with market context.
This 3,096-square-foot commercial building in Jackson, Missouri, was completed in 2017 and originally designed for restaurant operations. The open interior was planned for seating up to 90 guests, with space for a commercial kitchen installation. The property also offers ample on-site parking and a building exterior and roof described as maintenance-free.
Located at 5598 US Highway 61 North, the property has highway frontage and is positioned minutes from I-55. The county has no zoning restrictions, supporting a range of potential commercial applications. The existing configuration can accommodate restaurant use, while the building’s open plan may also suit retail, office, personal service, daycare, or similar business operations, subject to applicable requirements.
Located at 5598 US Highway 61 North, the property has highway frontage and is positioned minutes from I-55. The county has no zoning restrictions, supporting a range of potential commercial applications. The existing configuration can accommodate restaurant use, while the building’s open plan may also suit retail, office, personal service, daycare, or similar business operations, subject to applicable requirements.
Key Highlights
- 3,096‑square‑foot commercial building completed in 2017
- Originally designed for restaurant use with seating planned for 90 guests
- Open interior with space for commercial kitchen installation
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
—
—
no second resolved use
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
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 - Highway-fronted building built in 2017 with restaurant-oriented infrastructure and flexible commercial configuration.
Where is this conventional restaurant located?
The property is located at 5598 Us Highway 61 North 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‑foot commercial building completed in 2017; Originally designed for restaurant use with seating planned for 90 guests; Open interior with space for commercial kitchen installation
