Freestanding Auto Service
For Sale
$2,900,000
1507 Ashley Rd, Boonville, MO 65233
Commercial Sale, Boonville, MO
Property Size21,340 SF
Lot Size3.62 Acres
Price / SF$135.90
Days on Market254
Property Features for 1507 Ashley Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C1
Subdivision
Boonville
Standard status
Active
Lot size
3.62 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
10-2.0-10-002-006-001.001
Tax Annual Amount
21717
Legal Description
10-2.0-10-002-006-001.001
Amenities
showroom
reception/lounge area
offices
meeting rooms
kitchenette
ADA-compliant restrooms
heated and cooled former mechanic shop
large parts or storage area
fully illuminated parking lot
Listing Agency:
Chipley and Company Real Estate
(660) 882-3442
Listed By:
NATHAN N. CHIPLEY · License #1999034126
(660) 537-4455
Added: Dec 18, 2025
Changed: Aug 19
Last Checked: Aug 29 at 5:06AM
MLS# 25-430
Copyright © 2026 Central Missouri Board of REALTORS. 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.
The freestanding 21,340 SF facility occupies approximately 3.62 acres and was most recently used for auto sales and service. Its interior includes a showroom, reception and lounge area, multiple offices, meeting rooms, a kitchenette, and ADA-compliant restrooms. A heated and cooled former mechanic shop and a large parts or storage area support automotive operations.
Located at 1507 Ashley Rd in Boonville, Missouri, the property is zoned C1 and includes an expansive, fully illuminated parking lot. The combination of customer-facing space, office areas, service improvements, and on-site parking provides a functional commercial configuration for continued automotive use.
Located at 1507 Ashley Rd in Boonville, Missouri, the property is zoned C1 and includes an expansive, fully illuminated parking lot. The combination of customer-facing space, office areas, service improvements, and on-site parking provides a functional commercial configuration for continued automotive use.
Key Highlights
- 21,340 SF freestanding facility on approximately 3.62 acres
- Most recently used as an auto sales and service center
- Showroom, reception/lounge area, multiple offices, and meeting rooms
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
$190,728
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
6.58%
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%
$3,814,560
$3.8M
Cap Rate 7%
$2,724,686
$2.7M
Cap Rate 9%
$2,119,200
$2.1M
Market Conditions
NOI Build-Up for 21,340 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
$286.8K $13.44/SF
− Vacancy
−$14.3K −$0.67/SF
EGI
$272.5K $12.77/SF
− OpEx
−$81.7K −$3.83/SF
NOI
$190.7K $8.94/SF
Area
Cooper County, MO
Vacancy
5.00%
Lease Rate
$13.44 /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%
$3,814,560
Cap Rate 7%
$2,724,686
Cap Rate 9%
$2,119,200
Alternative Uses
Best Use
Industrial
$2.72M
$2.38M – $3.18M
NOI $190,728 @ 7.0% cap · market cap 6.58%
Second Best
Retail
$1.16M
$1.01M – $1.35M
NOI $81,122 @ 7.0% cap · market cap 2.80%
Theoretical Best
Warehouse
$3.31M
$2.89M – $3.86M
NOI $231,599 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
91
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 65233, MO
11,472
Population
4,622
Households
2.5
Avg Household Size
41
Median Age
26%
College-Educated
90%
High-School Grad
141.9 sq mi
ZIP Area
81
Density / Sq Mi
$64,333
Median Household Income
$38,608
Median Earnings
$807
Median Rent
$206,000
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Goodyear Commercial Tire & Service Centers — 1711 W Ashley Rd, Boonville, MO 65233
- Pilot Truck Care — 1711 W Ashley Rd, Boonville, MO 65233
- Gaps Automotive Repair — 1640 W Ashley Rd, Boonville, MO 65233
- W-K Ford Collision — 1545 W Ashley Rd, Boonville, MO 65233
- W-K Ford Service — 1545 W Ashley Rd, Boonville, MO 65233
Frequently Asked Questions
What type of property is this?
Auto shop - C1-zoned property with showroom, offices, and a climate-controlled former mechanic shop.
Where is this auto shop located?
The property is located at 1507 Ashley Rd Boonville, MO.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 21,340 SF freestanding facility on approximately 3.62 acres; Most recently used as an auto sales and service center; Showroom, reception/lounge area, multiple offices, and meeting rooms
