Auto Repair & Sales
For Sale
Contact for pricing
4230 Washington Ave, Independence, MO
1,890 SF building on 0.36 acre lot for sale.
Property Size1,890 SF
Lot Size1.34 Acres
Price / SF$291.01
Days on Market499
Property Features for 4230 Washington Ave
General Information
Standard status
Active
Size
1,890 SF
Lot size
1.34 Acres
Property subtype
RETAIL
Listing Agency:
Haith and Company, Inc.
(913) 888-3456
Listed By:
Josh Haith · License #2011012354
Source:
Moodyscre
Added: Mar 26, 2025
Changed: Jul 6
Last Checked: Jul 21 at 5:26AM
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 Haith and Company, Inc.
Investment Insights
Based on property information with market context.
The property features an 1,890 square foot building suitable for auto repair and used car sales, situated on a 0.36-acre fully fenced lot with two gates. Located on the hard corner of Troost Avenue and East 73rd Street, the property includes two restrooms, prominent signage, and covered parking. The building is equipped with two 10' x 10' drive-in doors, window A/C units, and heating in the warehouse area. A clean environmental record is available. The property will be vacant at closing, offering immediate occupancy. Expenses include $3,500 for insurance, $3,100 for taxes, $300 per month for electrical, and $300 per month for gas during the winter months.
Key Highlights
- Hard corner location at Troost & E. 73rd Street.
- 0.36 acre fully fenced lot with (2) gates.
- 1,890 SF auto repair & used car sales 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
$22,861
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
4.16%
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%
$457,220
$457.2K
Cap Rate 7%
$326,586
$326.6K
Cap Rate 9%
$254,011
$254.0K
Market Conditions
NOI Build-Up for 1,890 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
$34.0K $18.00/SF
− Vacancy
−$1.4K −$0.72/SF
EGI
$32.7K $17.28/SF
− OpEx
−$9.8K −$5.18/SF
NOI
$22.9K $12.10/SF
Area
Independence, MO
Vacancy
4.00%
Lease Rate
$18.00 /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%
$457,220
Cap Rate 7%
$326,586
Cap Rate 9%
$254,011
Alternative Uses
Best Use
Retail
$326.6K
$285.8K – $381.0K
NOI $22,861 @ 7.0% cap · market cap 4.16%
Second Best
Industrial
$275.4K
$241.0K – $321.3K
NOI $19,277 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$558.6K
$488.8K – $651.7K
NOI $39,100 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
179k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 36%
Groceries 32%
Dining 23%
Home Improvements & Furnishings 9%
Hy-Vee
Groceries
56,459 visits/mo
0.3 miles
Dollar Tree
Shops & Services
53,819 visits/mo
0.3 miles
Olive Garden
Dining
17,591 visits/mo
0.2 miles
Harbor Freight Tools
Home Improvements & Furnishings
15,961 visits/mo
0.4 miles
Arby's
Dining
7,845 visits/mo
0.4 miles
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
- SAVIOR AUTO — 13000 E US Hwy 40, Independence, MO 64055
- Hurst Imported Car Service — 13208 e us hwy 40 d, independence, mo 64055
- Valvoline Instant Oil Change — 14450 E US Hwy 40, Kansas City, MO 64136
- R and r mobile repair — 330 Freedom lane, Independence, MO 64055
- Calvert's Express Auto Service & Tire Independence — 13811 E US Hwy 40, Independence, MO 64055
Frequently Asked Questions
What type of property is this?
Auto shop - 1,890 SF building on 0.36 acre lot for sale.
Where is this auto shop located?
The property is located at 4230 Washington Ave Independence, MO.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Hard corner location at Troost & E. 73rd Street.; 0.36 acre fully fenced lot with (2) gates.; 1,890 SF auto repair & used car sales building.**
