Automotive Shop with Interstate
For Sale
$390,000
120 US-40 Highway, Odessa, MO 64076
Commercial Sale, Odessa, MO
Property Size3,300 SF
Lot Size0.30 Acres
Price / SF$118.18
Days on Market43
Property Features for 120 US-40 Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Comm
Parking features
Parking Lot
Directions
I-70 to Odessa exit, 40 Highway to shop on the south side of the road.
Subdivision
210 - Lafayette County, Mo
Standard status
Active
APN
14-7.0-36-3-001-015.000
Lot size
0.30 Acres
Taxes and HOA fees
Tax Description
PT OF NE1/4 OF SW1/4; 554-108, 730-730, 730-913, 778-580, 2022DR2298
Tax Annual Amount
2142
Legal Description
PT OF NE1/4 OF SW1/4; 554-108, 730-730, 730-913, 778-580, 2022DR2298
Utilities
Utilities
Water Available
Amenities
welder plug-in
compressor hookup
two restrooms
dedicated office space
camera/security system
Building Details
Floors in Building
1
Listing Agency:
RE/MAX Premier Properties · RE/MAX International
(816) 416-7090
Listed By:
Raegan West
(816) 255-6906
Added: Aug 16
Changed: Sep 12
Last Checked: Sep 27 at 6:06AM
MLS# 2637314
Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This approximately 3,300-square-foot automotive shop is configured for vehicle service and related commercial operations. The main bay provides 14-foot height, while the balance of the shop has 12-foot ceilings. Improvements include a dedicated office, two restrooms, welder plug-in, compressor hookup, and an existing camera/security system. A 14,000-lb vehicle lift may be negotiated with an accepted contract.
The property occupies 0.3 acres at 120 US-40 Highway in Odessa, Missouri, with frontage along I-70 and a parking lot. Commercial zoning and water availability are also identified for the site.
The property occupies 0.3 acres at 120 US-40 Highway in Odessa, Missouri, with frontage along I-70 and a parking lot. Commercial zoning and water availability are also identified for the site.
Key Highlights
- Approximately 3,300 sq. ft. automotive shop on 0.3 acres
- I‑70 frontage at 120 US‑40 Highway in Odessa, Missouri
- 14‑foot main bay and 12‑foot ceilings throughout the remaining shop 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
$12,836
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
3.29%
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%
$256,720
$256.7K
Cap Rate 7%
$183,371
$183.4K
Cap Rate 9%
$142,622
$142.6K
Market Conditions
NOI Build-Up for 3,300 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
$19.4K $5.88/SF
− Vacancy
−$1.1K −$0.32/SF
EGI
$18.3K $5.56/SF
− OpEx
−$5.5K −$1.67/SF
NOI
$12.8K $3.89/SF
Area
Lafayette County, MO
Vacancy
5.50%
Lease Rate
$5.88 /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%
$256,720
Cap Rate 7%
$183,371
Cap Rate 9%
$142,622
Alternative Uses
Best Use
Retail
$729.1K
$638.0K – $850.7K
NOI $51,040 @ 7.0% cap · market cap 13.09%
Second Best
Industrial
$183.4K
$160.5K – $213.9K
NOI $12,836 @ 7.0% cap · market cap 3.29%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Service bays
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 64076, MO
9,863
Population
3,752
Households
2.6
Avg Household Size
39
Median Age
23%
College-Educated
94%
High-School Grad
124.3 sq mi
ZIP Area
79
Density / Sq Mi
$81,058
Median Household Income
$43,002
Median Earnings
$961
Median Rent
$226,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Functional commercial shop with service-bay clearance, office space, restrooms, and dedicated utility connections.
Where is this auto shop located?
The property is located at 120 US-40 Highway Odessa, MO.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Approximately 3,300 sq. ft. automotive shop on 0.3 acres; I‑70 frontage at 120 US‑40 Highway in Odessa, Missouri; 14‑foot main bay and 12‑foot ceilings throughout the remaining shop area
