Automotive Showroom and Repair
For Sale
$1,350,000
3500 S Kingshighway Boulevard St, Louis, MO 63139
COMMERCIAL - St Louis, MO
Property Size11,674 SF
Lot Size0.78 Acres
Price / SF$115.64
Days on Market27
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
(314) 647-6611
Added: Jul 11
Changed: Aug 4
Last Checked: Aug 6 at 1:06PM
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.
The property includes two structures on a 0.78-acre parcel: a 1,723-square-foot building and a 10,041-square-foot showroom and auto repair building. The site is currently operated as a car dealership with auto repair services, supporting both customer-facing showroom use and service-oriented operations.
Located at a signalized intersection in South St. Louis near Tower Grove South, the property has three curb cuts on the north, west, and south sides, providing multiple ingress and egress options. The site also benefits from 30k V.P.D. on Kingshighway, positioning it for strong drive-by visibility in the area.
With zoning listed as “G” (local commercial and office district), the property is suited for continued automotive-oriented operations or other compatible local commercial uses. The corner configuration, multiple curb cuts, and existing dealership and repair improvements make it a practical option for buyers seeking a ready-to-operate automotive facility or a development-oriented site on a high-traffic corridor.
Located at a signalized intersection in South St. Louis near Tower Grove South, the property has three curb cuts on the north, west, and south sides, providing multiple ingress and egress options. The site also benefits from 30k V.P.D. on Kingshighway, positioning it for strong drive-by visibility in the area.
With zoning listed as “G” (local commercial and office district), the property is suited for continued automotive-oriented operations or other compatible local commercial uses. The corner configuration, multiple curb cuts, and existing dealership and repair improvements make it a practical option for buyers seeking a ready-to-operate automotive facility or a development-oriented site on a high-traffic corridor.
Key Highlights
- 0.78‑acre parcel with 2 structures: 1,723 SF building plus a 10,041 SF showroom/auto repair building
- Zoned "G" (local commercial and office district) and currently used as a car dealership with auto repair services
- Signalized corner location at Kingshighway and Oleatha with 3 curb cuts (North, West, and South sides)
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
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
622
Businesses Nearby
166k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Groceries 28%
Home Improvements & Furnishings 23%
Dining 10%
Schnucks
Groceries
45,923 visits/mo
0.4 miles
QuikTrip
Shops & Services
41,075 visits/mo
0.2 miles
The Home Depot
Home Improvements & Furnishings
37,714 visits/mo
0.2 miles
SONIC Drive In
Dining
8,034 visits/mo
0.1 miles
Taco Bell
Dining
6,852 visits/mo
0.5 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.
Similar Off Market Nearby
- Darwish Auto Sales and Repairs — 4676 Lansdowne Ave, St. Louis, MO 63109
- Tom Bess Automotive Inc — 4922 Macklind Ave, St. Louis, MO 63109
- Morganford Auto Care LLC — 4521 Morgan Ford Rd, St. Louis, MO 63116
- SM Wrap Tint and Detailing — 4676 Lansdowne Ave, St. Louis, MO 63116
- Cheap Car Insurance St. Louis — 4330 s kingshighway blvd, st. louis, mo 63109
Frequently Asked Questions
What type of property is this?
Auto shop - Two automotive buildings on a signalized corner site offer showroom and repair space under local commercial zoning.
Where is this auto shop 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 2 structures: 1,723 SF building plus a 10,041 SF showroom/auto repair building; Zoned "G" (local commercial and office district) and currently used as a car dealership with auto repair services; Signalized corner location at Kingshighway and Oleatha with 3 curb cuts (North, West, and South sides)
