Steel Auto Shop with Fenced
For Sale
$235,000
101 W Main Street, Drexel, MO 64742
Land, Drexel, MO
Property Size2,000 SF
Lot Size0.16 Acres
Price / SF$117.50
Days on Market222
Property Features for 101 W Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Comm
Vegetation
Cleared
Subdivision
Drexel
Lot features
City Limits, City Lot, Corner Lot, Level
Elementary school district
Drexel
Middle school district
Drexel
High school district
Drexel
Directions
South on Holmes, West on Main Street
Standard status
Active
APN
0476800
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
ORIG STUART CITY 1' E SIDE LOT
Tax Annual Amount
2250
Legal Description
ORIG STUART CITY 1' E SIDE LOT
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Water source
Public
Amenities
stubbed for bath
zoned heated floors
2 garage doors
Listing Agency:
ReeceNichols - Lees Summit · Reece & Nichols
(816) 524-7272
Listed By:
Kara Anderson · License #2013012732
(816) 797-5513
Added: Feb 27
Changed: Sep 22
Last Checked: Oct 7 at 9:06PM
MLS# 2604323
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 auto shop property includes a 40 x 50 steel building constructed in 2021 on a concrete foundation. The shop has two garage doors, floor heating provisions, and plumbing stubbed for a bathroom. A fenced lot is attached to the building, supporting vehicle storage, parking, or continued automotive use. The property was previously used for garage operations and auto sales.
The 0.16-acre site is zoned Comm and is served by public water and public sewer, with natural gas available. Located at 101 W Main Street in Drexel, Missouri, the property offers an existing commercial improvement with additional outdoor area for operational or storage needs.
The 0.16-acre site is zoned Comm and is served by public water and public sewer, with natural gas available. Located at 101 W Main Street in Drexel, Missouri, the property offers an existing commercial improvement with additional outdoor area for operational or storage needs.
Key Highlights
- 40 x 50 steel shop built in 2021 on concrete
- Two garage doors and floor heating provisions
- Plumbing stubbed for a bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,475
Cap Rate
8.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$389,500
$389.5K
Cap Rate 7%
$278,214
$278.2K
Cap Rate 9%
$216,389
$216.4K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$28.8K $14.40/SF
− Vacancy
−$979 −$0.49/SF
EGI
$27.8K $13.91/SF
− OpEx
−$8.3K −$4.17/SF
NOI
$19.5K $9.74/SF
Area
Cass County, MO
Vacancy
3.40%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$389,500
Cap Rate 7%
$278,214
Cap Rate 9%
$216,389
Alternative Uses
Best Use
Retail
$278.2K
$243.4K – $324.6K
NOI $19,475 @ 7.0% cap · market cap 8.29%
Second Best
Industrial
$169.0K
$147.9K – $197.2K
NOI $11,831 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$450.9K
$394.6K – $526.1K
NOI $31,565 @ 7.0% cap · market cap 13.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
10k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Drexel
Shops & Services
4,895 visits/mo
0.2 miles
Dollar General
Shops & Services
2,984 visits/mo
0.3 miles
Phillips 66
Shops & Services
2,124 visits/mo
0.3 miles
Napa Auto Parts
Shops & Services
182 visits/mo
0.1 miles
Demographics for 64742, MO
2,079
Population
996
Households
2.1
Avg Household Size
44
Median Age
18%
College-Educated
93%
High-School Grad
77.1 sq mi
ZIP Area
27
Density / Sq Mi
$77,143
Median Household Income
$40,056
Median Earnings
$851
Median Rent
$226,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Auto shop - Commercially zoned property with a heated steel shop, attached enclosure, and public utilities.
Where is this auto shop located?
The property is located at 101 W Main Street Drexel, MO.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 40 x 50 steel shop built in 2021 on concrete; Two garage doors and floor heating provisions; Plumbing stubbed for a bathroom
