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    107 Main St Fayette, MO 65248

    Sponsored
    For Sale
    $255,000

    Turnkey Restaurant/Bar, Upstairs Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    407
    This exceptional commercial property, located at 107 N Main ST, Fayette, MO 65248, is offered at $255,000. The main level currently operates as a fully equipped, turnkey restaurant and bar, featuring two modern bathrooms and a layout designed for efficient service. The property's prime location on Fayette's vibrant town square ensures high visibility and accessibility, surrounded by other businesses and attractions. A significant advantage is the unfinished upstairs apartment, accessible via a separate entrance. This space presents a versatile opportunity for development, potentially serving as a stylish loft, additional office space, or a rental income suite. The building's proximity to the Howard County Courthouse and its position within the heart of the town square, a frequent location for community events and festivals, adds to its appeal. This property offers a unique blend of established commercial space and significant upside potential in the upstairs area, making it an ideal investment for entrepreneurs or those seeking a mixed-use property in a thriving Missouri town. The property's potential extends beyond its current configuration, allowing for customization and expansion to suit a variety of needs and aspirations. This is a rare opportunity to acquire a piece of Fayette's history and vibrant commercial landscape.

    Property Features for 107 Main St

    General Information

    Property type
    Office Properties & Spaces

    We can help!

    Listing Contact
    Samantha Eckenrod
    Samantha Eckenrod

    Learn more

    Property Insight Report

    HighLights

    • $255,000 asking price.
    • Turnkey office property located at 107 N Main St, Fayette, MO 65248.
    • Features a fully equipped restaurant and bar with two bathrooms.
    • Includes an unfinished upstairs apartment with separate entrance, suitable for residential or additional commercial use.
    • Prime location on Fayette's town square, offering high visibility and accessibility.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ray and Janet Garms ... Bail Bonds Service TJ's Diner & Bar Restaurant Niks Bail Bonds Bail Bonds Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Fayette
    County
    29089
    State
    Missouri
    Longitude
    -92.682562
    Latitude
    39.1466076

    Nearby Comparable

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    Nearby Similar for Sale

    • $225,000
      2,000 SF

      Retail Property on Cleveland Street

      Retail property with prominent visibility and easy access for sale.
      515 N Cleveland St, Fayette, MO 65248
      View Details
    • $225,000
      2,000 SF

      Fayette Restaurant - $225,000

      Turnkey Restaurant, High Visibility
      515 Cleveland St, Fayette, MO 65248
      View Details

    FAQs

    What type of property is this?
    Office Property Space - Turnkey Restaurant/Bar, Upstairs Potential
    Where is this office property space located?
    The property is located at 107 Main St Fayette, MO.
    What is the asking price?
    The asking price for this property is $255,000.
    What are key features of this property?
    This property features: $255,000 asking price.; Turnkey office property located at 107 N Main St, Fayette, MO 65248.; Features a fully equipped restaurant and bar with two bathrooms.
    Request Owner's contact information
    107 Main St Fayette, MO 65248
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    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
    107 Main St Fayette, MO 65248
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    Listing Contact
    Samantha Eckenrod
    Samantha Eckenrod
    Learn more
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