Holton Restaurant and Bar
For Sale
Contact for pricing
601 ARIZONA AVE, Holton, KS 66436
Long-running restaurant and bar with high visibility on US-75.
Property Size5,956 SF
Lot Size1.19 Acres
Price / SF$125.92
Days on Market99
Property Features for 601 ARIZONA AVE
General Information
Standard status
Active
Size
5,956 SF
Class
C
Lot size
1.19 Acres
Property subtype
Retail, Land
Zoning
Commercial
Investment Type
Owner/User
Building Details
Year Built
1966
Year Renovated
1998
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Coldwell Banker Commercial Griffith & Blair
Listed By:
Scott Boling · License #00247210
Source:
Crexi
Added: May 20
Changed: Aug 16
Last Checked: Aug 24 at 8:07PM
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 Coldwell Banker Commercial Griffith & Blair
Investment Insights
Based on property information with market context.
The property features a 5,956 square foot concrete block restaurant and bar building, established in 1965, situated on 1.19 acres. It is located on Arizona Avenue, along the US-75 corridor in Holton's western business district, offering high visibility and traffic. The restaurant has a strong base of local customers and out-of-state travelers. Originally constructed in the 1960s and expanded in the 1990s, it includes a dedicated bar area suitable for private events and catering. The dining room features hardwood floors, booth and table seating, a salad bar setup, and outdoor patio seating. A retail display area with polished concrete floors, string lighting, and antique display fixtures provides additional revenue. A portable storage building and carport sales business occupies the north end of the parcel under a current lease arrangement, providing supplementary income. The sale includes a fully stocked commercial kitchen with hoods covering the gas cooktops and fryer station. A current liquor license is in place. The business is currently operating and available for owner-operator acquisition or conversion.
Key Highlights
- Established business since 1965 with a strong customer base.
- Two parcels included: a 5,956 SF restaurant/bar on 1.19 acres plus additional parking.
- High‑visibility location on US‑75 with high daily traffic counts.
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
$42,830
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
5.71%
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%
$856,600
$856.6K
Cap Rate 7%
$611,857
$611.9K
Cap Rate 9%
$475,889
$475.9K
Market Conditions
NOI Build-Up for 5,956 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
$60.8K $10.20/SF
− Vacancy
−$3.6K −$0.61/SF
EGI
$57.1K $9.59/SF
− OpEx
−$14.3K −$2.40/SF
NOI
$42.8K $7.19/SF
Area
Jackson County, KS
Vacancy
6.00%
Lease Rate
$10.20 /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%
$856,600
Cap Rate 7%
$611,857
Cap Rate 9%
$475,889
Alternative Uses
Best Use
Specialty Retail
$611.9K
$535.4K – $713.8K
NOI $42,830 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Self Storage
$671.8K
$587.9K – $783.8K
NOI $47,029 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
188
Businesses Nearby
77k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 63%
Dining 26%
Home Improvements & Furnishings 11%
Casey's
Shops & Services
29,882 visits/mo
0.2 miles
Tractor Supply Co.
Home Improvements & Furnishings
8,598 visits/mo
0.4 miles
SONIC Drive In
Dining
8,582 visits/mo
0.4 miles
Phillips 66
Shops & Services
8,378 visits/mo
0.5 miles
Burger King
Dining
7,680 visits/mo
0.2 miles
Demographics for 66436, KS
5,824
Population
2,328
Households
2.5
Avg Household Size
42
Median Age
23%
College-Educated
91%
High-School Grad
184.1 sq mi
ZIP Area
32
Density / Sq Mi
$68,457
Median Household Income
$31,809
Median Earnings
$837
Median Rent
$211,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- THE STATION — Holton, KS 66436
- Trails Cafe — US-75, Holton, KS 66436
Frequently Asked Questions
What type of property is this?
Bar & Pub - Long-running restaurant and bar with high visibility on US-75.
Where is this bar & pub located?
The property is located at 601 ARIZONA AVE Holton, KS.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Established business since 1965 with a strong customer base.; Two parcels included: **a 5,956 SF restaurant/bar on 1.19 acres plus additional parking.**; High‑visibility location on US‑75 with high daily traffic counts.
