Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    924 N Main St Mountain Grove, MO 65711

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $350,000

    Restaurant with drive-thru, FF&E, and high-traffic location for sale.

    Lot size:
    0.55 Acres
    Added:
    Dec 5, 2025
    Days on Market:
    120
    Last Refresh:
    Apr 1 at 8:17 pm

    Property Features for 924 N Main St

    General Information

    Standard status
    Active
    Lot size
    0.55 Acres

    We can help!

    Listing Contact
    Sam R. Craft

    Listing agent Sam R. Craft License #2019042641

    Listing office Reece Commercial

    Listing date Dec 5, 2025

    Source Exprealty

    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 Reece Commercial

    Overview

    Freestanding Restaurant Building with Drive-Thru

    This freestanding restaurant building is available for sale and is located on a high-traffic retail corridor. The restaurant has been operating at this location since the 1980s. The sale includes the real estate and all existing FF&E, such as an 11.5ft Type 1 hood, a 7ft walk-in cooler, an upright cooler/freezer, an "Allstrong" cooking surface, a deep fryer, stainless prep tables, buffets, a dishwashing station, an ice machine, and a 3-bay sink, as well as all seating. The 29'x41.5' dining room accommodates 74 guests in its current layout. The building also features a drive-thru, a managerial office, public and employee restrooms, and ample dry storage. The parking surface is concrete, and signage includes a pylon. The building has all brick siding and a shingle roofing surface. The property utilizes natural gas for heating via forced air and electric cooling with two units. It also has two electric water heaters. The parking ratio is 10.2.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mountain Grove
    County
    Wright
    State
    Missouri
    Longitude
    -92.263
    Latitude
    37.1372

    Nearby Similar for Sale

    • $119,900

      Mountain Grove Commercial Opportunity

      1840 sq ft commercial property near town square.
      129 E 2nd Street, Mountain Grove, MO 65711
      View Details
    • $264,900

      Highway Frontage Retail Opportunity

      2,800 sq ft retail space with highway visibility.
      400 W Business 60, Mountain Grove, MO 65711
      View Details
    • $799,000

      Versatile Industrial Building in Mountain Grove

      53,390+/- sq ft industrial building ideal for distribution, manufacturing.
      102 W Front Street, Mountain Grove, MO 65711
      View Details
    • $70,000

      Commercial Building with Garage

      Vacant commercial building with garage and storage in Mountain Grove.
      510 W 1st Street, Mountain Grove, MO 65711
      View Details
    • $939,000

      Productive Pastureland in Wright County

      121 acres of pastureland with live water and highway frontage.
      9551 C-Highway Ff, Mountain Grove, MO 65711
      View Details
    • $799,000

      100 Acres of Prime Pastureland

      100 acres of pastureland near Mountain Grove, Missouri.
      9551 C-Highway Ff, Mountain Grove, MO 65711
      View Details
    • $264,900
      2,800 SF

      Highway Business Frontage Retail Opportunity

      2,800 SF building with highway frontage and multiple uses.
      400 W Business 60, Mountain Grove, MO 65711
      View Details
    • $119,900
      1,840 SF

      Versatile Commercial Space Near Town Square

      1,840 sq ft commercial property with flexible floor plan.
      129 E 2nd St, Mountain Grove, MO, 65711-1720
      View Details
    • $375,000

      Large Warehouse in Mountain Grove

      4.5-acre warehouse spanning a city block with multiple loading docks.
      900 N Forrest St, Mountain Grove, MO, 65711-1401
      View Details

    FAQs

    What type of property is this?
    Restaurant - Restaurant with drive-thru, FF&E, and high-traffic location for sale.
    Where is this restaurant located?
    The property is located at 924 N Main St Mountain Grove, MO.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: High‑traffic retail corridor location.; Includes real estate and all Furniture, Fixtures, and Equipment (FF&E).; Equipped with a drive‑thru.
    (417) 882-5710
    We can help!
    Listing Contact
    Sam R. Craft
    Real Estate License ID: 2019042641
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!