Building Details

Year built 1990

Floors in Building 1

Flooring type Concrete, Tile

Building materials Asphalt, Concrete, Frame, Metal Siding

Listing Agency: Keller Williams Realty St. Louis N***@kw.com Show Phone

Listed By: Bob Ecker · License #2010007159 Show Phone

Added: May 19 Changed: Sep 28 Last Checked: Oct 4 at 3:06PM

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MLS# 26031166

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Investment Insights

Based on property information with market context.

The 10,204-square-foot commercial building occupies 1.23 acres and is arranged into three principal areas: a pool hall, a bar with stage, and a commercial kitchen. Additional improvements include multiple restrooms, an office, maintenance room, and storage space. The interior layout can be divided into two separate units. Kitchen equipment includes a walk-in cooler, stainless sinks, and a stainless preparation area. Furniture, fixtures, and equipment include a professional sound system, control board, kitchen equipment, tables and chairs, and 13 pool tables; the FF&E may be purchased separately.

The property is located at 7045 US Highway 61 67 in Barnhart, Missouri. Approximately 40 paved parking spaces are arranged around the building. The structure was built in 1990 and has public water, natural-gas forced-air heating, central air, and ceiling fans.

Key Highlights

• 10,204‑square‑foot commercial building on 1.23 acres
• Three primary sections: pool hall, bar with stage, and commercial kitchen
• Commercial‑grade kitchen with walk‑in cooler, stainless sinks, and prep area

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

$44,064

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

4.90%

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%

$881,280 $881.3K

Cap Rate 7%

$629,486 $629.5K

Cap Rate 9%

$489,600 $489.6K

Market Conditions

NOI Build-Up for 10,204 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

$63.3K $6.20/SF

− Vacancy

−$316 −$0.03/SF

EGI

$62.9K $6.17/SF

− OpEx

−$18.9K −$1.85/SF

NOI

$44.1K $4.32/SF

Area

Jefferson County, MO

Vacancy

0.50%

Lease Rate

$6.20 /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%

$881,280

Cap Rate 7%

$629,486

Cap Rate 9%

$489,600

Alternative Uses

Best Use

Specialty Retail

$30.30M

$26.52M – $35.36M (±1% cap)

NOI $2,121,342 @ 7.0% cap · market cap 235.70%

Second Best

Industrial

$629.5K

$550.8K – $734.4K (±1% cap)

NOI $44,064 @ 7.0% cap · market cap 4.90%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Open Analytics

Current Use

Favorite ST.Louis Restaurant

Suggested Use

Top Pick Nail Salon Auto Parts Store Hair Salon Big Box & Wholesale Store Plumbing Service Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

218

Businesses Nearby

11k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

5,684 visits/mo 0.2 miles

Phillips 66 Shops & Services

4,596 visits/mo 0.2 miles

Phillips 66 Shops & Services

527 visits/mo 0.4 miles

Demographics for 63012, MO

10,711

Population

4,146

Households

2.6

Avg Household Size

38

Median Age

25%

College-Educated

96%

High-School Grad

25.1 sq mi

ZIP Area

427

Density / Sq Mi

$99,860

Median Household Income

$49,499

Median Earnings

$1,332

Median Rent

$228,500

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this bars & pubs located? What is the asking price? Find similar properties What are key features of this property?

Similar Off Market Nearby

• Case And Bucks — 7095 Metropolitan Blvd, Barnhart, MO 63012
• C&B Grub and Pub — 7095 Metropolitan Blvd E, Barnhart, MO 63012
• Kenny's Bar & Grill — 7045 US-61 #67, Barnhart, MO 63012

Frequently Asked Questions

What type of property is this?

Bar & Pub - Three-section commercial building with a stage, commercial kitchen, offices, restrooms, and storage areas.

Where is this bar & pub located?

The property is located at 7045 Us Highway 61 67 Barnhart, MO.

What is the asking price?

The asking price for this property is $900,000.

What are key features of this property?

This property features: 10,204‑square‑foot commercial building on 1.23 acres; Three primary sections: pool hall, bar with stage, and commercial kitchen; Commercial‑grade kitchen with walk‑in cooler, stainless sinks, and prep area