Automotive Property with
For Sale
$1,350,000
3500 S Kingshighway Boulevard St, Louis, MO 63139
Commercial Sale, St Louis, MO
Property Size11,674 SF
Lot Size0.78 Acres
Price / SF$115.64
Days on Market74
Property Features for 3500 S Kingshighway Boulevard St
General Information
Property type
Commercial Sale
Property subtype
Retail
Parking features
Parking Lot, Open
Subdivision
Russell Estate Add
Directions
GPS
Standard status
Active
APN
5268-04-0215-0
Size
11,674 SF
Lot size
0.78 Acres
Taxes and HOA fees
Tax Year
2022
Tax Annual Amount
18822
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1952
Floors in Building
1
Building materials
Concrete, Block
Listing Agency:
Manor Real Estate
(314) 647-6611
Listed By:
Ben Cherry · License #2006018085
(217) 641-2995
Added: Jul 11
Changed: Sep 14
Last Checked: Sep 22 at 3:06PM
MLS# 23069634
Copyright © 2026 Mid America Regional Information Systems, Inc. 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 automotive property includes two separate structures: a 1,723-square-foot building and a 10,041-square-foot showroom and auto repair facility. The improvements are constructed with concrete and block, with forced-air heating and open lot parking. The site is zoned G, identified as a local commercial and office district, and is currently used for vehicle sales and repair services.
Located at 3500 S Kingshighway Boulevard in St. Louis, the property occupies a corner position at Kingshighway and Oleatha in the Tower Grove South neighborhood. Three curb cuts serve the north, west, and south sides of the parcel, while Kingshighway carries 30k V.P.D. Public water and public sewer are available.
Located at 3500 S Kingshighway Boulevard in St. Louis, the property occupies a corner position at Kingshighway and Oleatha in the Tower Grove South neighborhood. Three curb cuts serve the north, west, and south sides of the parcel, while Kingshighway carries 30k V.P.D. Public water and public sewer are available.
Key Highlights
- 0.78‑acre parcel with two building structures
- 10,041‑square‑foot showroom and auto repair building
- 1,723‑square‑foot secondary building
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
$46,278
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
3.43%
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%
$925,560
$925.6K
Cap Rate 7%
$661,114
$661.1K
Cap Rate 9%
$514,200
$514.2K
Market Conditions
NOI Build-Up for 11,674 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
$69.2K $5.93/SF
− Vacancy
−$3.1K −$0.27/SF
EGI
$66.1K $5.66/SF
− OpEx
−$19.8K −$1.70/SF
NOI
$46.3K $3.96/SF
Area
St. Louis County, MO
Vacancy
4.50%
Lease Rate
$5.93 /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%
$925,560
Cap Rate 7%
$661,114
Cap Rate 9%
$514,200
Alternative Uses
Best Use
Retail
$2.24M
$1.96M – $2.62M
NOI $157,042 @ 7.0% cap · market cap 11.63%
Second Best
Industrial
$661.1K
$578.5K – $771.3K
NOI $46,278 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$2.51M
$2.19M – $2.92M
NOI $175,381 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
30,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
743
Businesses Nearby
211k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Dining 24%
Home Improvements & Furnishings 21%
Electronics 4%
QuikTrip
Shops & Services
41,075 visits/mo
0.3 miles
The Home Depot
Home Improvements & Furnishings
37,714 visits/mo
0.4 miles
PetSmart
Shops & Services
14,757 visits/mo
0.3 miles
Jack in the Box
Dining
13,543 visits/mo
0.3 miles
Dollar Tree
Shops & Services
10,541 visits/mo
0.2 miles
Demographics for 63139, MO
21,971
Population
12,187
Households
1.8
Avg Household Size
38
Median Age
49%
College-Educated
96%
High-School Grad
3.8 sq mi
ZIP Area
5,782
Density / Sq Mi
$74,749
Median Household Income
$52,298
Median Earnings
$1,086
Median Rent
$199,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Automotive property - G-zoned commercial property with showroom, repair facilities, multiple curb cuts, and public water and sewer service.
Where is this automotive property located?
The property is located at 3500 S Kingshighway Boulevard St Louis, MO.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 0.78‑acre parcel with two building structures; 10,041‑square‑foot showroom and auto repair building; 1,723‑square‑foot secondary building
