Automotive Building with Service
For Sale
$2,750,000
108 N Lincoln Drive, Troy, MO 63379
Commercial Sale, Troy, MO
Property Size10,000 SF
Lot Size1.13 Acres
Price / SF$275
Days on Market12
Property Features for 108 N Lincoln Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Sydenstricker & Moore
Standard status
Active
APN
157025002005001003
Lot size
1.13 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
8165
Amenities
5 Offices
2 Restrooms
20' Overhead Door
12' Overhead Door
Building Details
Year built
1962
Floors in Building
2
Building materials
Aluminum Siding
Listing Agency:
Keller Williams Realty West
(636) 229-8500
Listed By:
Chad Wilson · License #2009011945
(636) 229-8504
Added: Aug 14
Changed: Aug 24
Last Checked: Aug 25 at 6:06AM
MLS# 26052200
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 was built in 1962 and occupies 1.127 acres. The building includes five offices, two restrooms, five vehicle lifts, and overhead doors measuring 20 feet and 12 feet. Aluminum siding and electrical upgrades completed in 2010 are also noted. The owner may consider a sale of the operating business separately.
The property offers access to Hwy 64, with a nearby car wash and convenience store reported to generate 3,000 cars per day. Its current configuration supports automotive service operations while providing existing administrative and customer-support areas.
The property offers access to Hwy 64, with a nearby car wash and convenience store reported to generate 3,000 cars per day. Its current configuration supports automotive service operations while providing existing administrative and customer-support areas.
Key Highlights
- Five vehicle lifts with 20‑foot and 12‑foot overhead doors
- Five offices and two restrooms within the existing building
- Electrical system upgraded in 2010
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
$94,349
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%
$1,886,980
$1.9M
Cap Rate 7%
$1,347,843
$1.3M
Cap Rate 9%
$1,048,322
$1.0M
Market Conditions
NOI Build-Up for 10,000 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
$140.4K $14.04/SF
− Vacancy
−$5.6K −$0.56/SF
EGI
$134.8K $13.48/SF
− OpEx
−$40.4K −$4.04/SF
NOI
$94.3K $9.43/SF
Area
Lincoln County, MO
Vacancy
4.00%
Lease Rate
$14.04 /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%
$1,886,980
Cap Rate 7%
$1,347,843
Cap Rate 9%
$1,048,322
Alternative Uses
Best Use
Retail
$1.35M
$1.18M – $1.57M
NOI $94,349 @ 7.0% cap · market cap 3.43%
Second Best
Industrial
$579.0K
$506.6K – $675.5K
NOI $40,530 @ 7.0% cap · market cap 1.47%
Theoretical Best
Office A
$2.47M
$2.16M – $2.89M
NOI $173,114 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Service bays
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
732
Businesses Nearby
203k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Shops & Services 38%
Home Improvements & Furnishings 12%
Electronics 2%
McDonald's
Dining
31,081 visits/mo
0.3 miles
Troy #3
Shops & Services
28,011 visits/mo
0.2 miles
Taco Bell
Dining
15,625 visits/mo
0.2 miles
Tractor Supply Co.
Home Improvements & Furnishings
12,808 visits/mo
0.4 miles
Bomgaars
Home Improvements & Furnishings
11,853 visits/mo
0.3 miles
Demographics for 63379, MO
26,583
Population
10,464
Households
2.5
Avg Household Size
38
Median Age
21%
College-Educated
94%
High-School Grad
135.9 sq mi
ZIP Area
196
Density / Sq Mi
$86,844
Median Household Income
$47,088
Median Earnings
$976
Median Rent
$238,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Thompson Tire — 360 S Lincoln Dr, Troy, MO 63379
- Tires — 860 Monroe St, Troy, MO 63379
- Dentex Inc. — 360 S Lincoln Dr, Troy, MO 63379
- One Way Auto/KIESEY ENTERPRISES — 115 Union St, Troy, MO 63379
- Priority One Towing, Recovery, & Services — 122 S Lincoln Dr, Troy, MO 63379
Frequently Asked Questions
What type of property is this?
Auto shop - Existing service-oriented improvements include offices, restrooms, overhead doors, and upgraded electrical service.
Where is this auto shop located?
The property is located at 108 N Lincoln Drive Troy, MO.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Five vehicle lifts with 20‑foot and 12‑foot overhead doors; Five offices and two restrooms within the existing building; Electrical system upgraded in 2010
