Closed Gas Station
For Sale
Contact for pricing
1105 Main Street, Boonville, MO 65233
Two Missouri locations include an open fuel supply contract and owner-user repositioning potential.
Property Size3,467 SF
Price / SF$288.43
Days on Market172
Property Features for 1105 Main Street
General Information
Standard status
Active
Size
3,467 SF
Property subtype
Retail
Occupancy
100%
Investment Type
Owner/User
Building Details
Year Built
1960
Buildings
2
Tenancy
Single
Listing Agency:
Sands Investment Group
(678) 770-2101
Listed By:
Rahill Lakhani · License #GA 340279
Source:
Crexi
Added: Mar 12
Changed: Aug 30
Last Checked: Aug 30 at 7:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sands Investment Group
Investment Insights
Based on property information with market context.
This Missouri gas station portfolio comprises two currently closed locations in Boonville and Revere. The offering includes an open fuel supply contract, giving the next owner flexibility in determining future operations. One identified property is located at 1105 Main Street in Boonville, Missouri. The property record lists a 1960 year built.
Key Highlights
- Two currently closed gas station locations in Boonville and Revere
- Open fuel supply contract included with the offering
- Identified Boonville property at 1105 Main Street, Boonville, MO 65233
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
$30,987
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
3.10%
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%
$619,740
$619.7K
Cap Rate 7%
$442,671
$442.7K
Cap Rate 9%
$344,300
$344.3K
Market Conditions
NOI Build-Up for 3,467 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
$46.6K $13.44/SF
− Vacancy
−$2.3K −$0.67/SF
EGI
$44.3K $12.77/SF
− OpEx
−$13.3K −$3.83/SF
NOI
$31.0K $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%
$619,740
Cap Rate 7%
$442,671
Cap Rate 9%
$344,300
Alternative Uses
Best Use
Industrial
$442.7K
$387.3K – $516.5K
NOI $30,987 @ 7.0% cap · market cap 3.10%
Second Best
Specialty Retail
$201.7K
$176.5K – $235.4K
NOI $14,121 @ 7.0% cap · market cap 1.41%
Theoretical Best
Warehouse
$537.5K
$470.3K – $627.1K
NOI $37,627 @ 7.0% cap · market cap 3.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
334
Businesses Nearby
20k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Electronics 44%
Shops & Services 8%
AT&T
Electronics
8,668 visits/mo
0.1 miles
A&W Restaurant
Dining
6,822 visits/mo
0.1 miles
Donut Palace
Dining
2,640 visits/mo
0.0 miles
UMB Bank
Shops & Services
1,508 visits/mo
0.1 miles
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 Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Two Missouri locations include an open fuel supply contract and owner-user repositioning potential.
Where is this gas station located?
The property is located at 1105 Main Street Boonville, MO.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Two currently closed gas station locations in Boonville and Revere; Open fuel supply contract included with the offering; Identified Boonville property at 1105 Main Street, Boonville, MO 65233
