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    Eureka Commercial Building with Auto Bays Title is generated by Realmo AI

    12 Dreyer Avenue, Eureka, MO 63025

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    For Sale
    $395,000

    Commercial Sale - Eureka, MO

    Property size:
    1,872 SF
    Lot size:
    0.23 Acres
    Price / SF:
    $211/SF
    Added:
    May 14, 2026
    Days on Market:
    3
    Last Refresh:
    May 16 at 6:06 pm

    Property Features for 12 Dreyer Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    29V-31-0411
    Size
    1,872 SF
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3499

    Utilities

    Heating system
    Electric (Heating), Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1966
    Flooring type
    Concrete
    Building materials
    Concrete
    Architectural style
    Other

    We can help!

    Listing Contact
    Larry Hedgecorth

    Listing agent Larry Hedgecorth License #2017034622

    Listing office Keller Williams Chesterfield 16401 Swingley Ridge Rd #200, Chesterfield, MO

    Listing date May 14, 2026

    MLS# 26030061 Listing URL

    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.

    HighLights

    • Two Drive‑Thru Auto Bays with oversized overhead doors for easy vehicle access and workflow efficiency
    • Robust 400‑amp electrical service, providing ample power
    • Located in Old Town Eureka, offering charm and business opportunities
    • Versatile 1,872 SF building suitable for various businesses
    • Protected by the NEW Eureka levy and pump station, eliminating flood plain concerns
    • Natural gas service already connected for heating, hot water, or specialized equipment

    Overview

    This commercial property offers a blend of office space and shop capabilities on a 0.24-acre lot. The 1,872 square foot building is suitable for owner-operators, small teams, or growing enterprises. It features two drive-thru auto bays with oversized overhead doors, dedicated office space, modern central air conditioning and heating, and full bathroom facilities. The property also includes robust 400-amp electrical service and natural gas service. Ideal uses include a construction contractor headquarters, auto repair or specialty shop, cabinet or woodworking shop, distribution and warehousing, fitness gym or training facility, furniture sales and repair, landscaping company base, printing and signage business, plumbing or HVAC service center, flooring installation showroom and storage, or general storage facility. The lot size provides ample parking, outdoor workspace, or future expansion opportunities. The property is located in Old Town Eureka and is protected by the new Eureka levy and pump station.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $279.8K
    NOI $25,183 @ 9.00% cap · cautious / downside scenario
    Moderate
    $359.8K
    NOI $25,183 @ 7.00% cap · market / base-case scenario
    Aggressive
    $503.7K
    NOI $25,183 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Retail

    Component $ $/SF
    Gross rent $41.8k $22.32
    − Vacancy −$5.8k −$3.10
    EGI $36.0k $19.22
    − OpEx −$10.8k −$5.77
    NOI $25.2k $13.45
    1,872 SF · lease $22.32/SF/yr · vacancy 13.90% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $359.8K
    $314.8K – $419.7K (±1% cap)
    NOI $25,183 @ 7.0% cap · market cap 6.38%
    Second Best
    Warehouse
    $128.7K
    $112.6K – $150.2K (±1% cap)
    NOI $9,011 @ 7.0% cap · market cap 2.28%
    Theoretical Best
    Office A
    $401.8K
    $351.5K – $468.7K (±1% cap)
    NOI $28,123 @ 7.0% cap · market cap 7.12%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Lewis Electric Motors — 320 W 4th St, Eureka, MO 63025
    • Eureka Rental LLC — 103 Thresher Dr, Eureka, MO 63025
    • Valvoline Instant Oil Change — 555 W 5th St, Eureka, MO 63025
    • Tire Choice Auto Service Centers — 85 Hilltop Village Center Dr, Eureka, MO 63025
    • MObil 1 Lube Express — eureka, mo 63025

    Location Insight

    • Map
    • Local Demand
    City
    Eureka
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.6287042
    Latitude
    38.500709

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    FAQs

    What type of property is this?
    Auto shop - Versatile 1,872 SF building on 0.24 acres in Eureka, MO.
    Where is this auto shop located?
    The property is located at 12 Dreyer Avenue Eureka, MO.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: Two Drive‑Thru Auto Bays with oversized overhead doors for easy vehicle access and workflow efficiency; Robust 400‑amp electrical service, providing ample power; Located in Old Town Eureka, offering charm and business opportunities
    (314) 315-1511
    We can help!
    Listing Contact
    Larry Hedgecorth
    Real Estate License ID: 2017034622
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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