Automotive Shop with Tall
New
For Sale
$400,000
120 US-40 Highway, Odessa, MO 64076
COMMERCIAL - Odessa, MO
Property Size3,300 SF
Lot Size0.30 Acres
Price / SF$121.21
Days on Market6
Property Features for 120 US-40 Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Comm
Parking features
Parking Lot
Directions
I-70 to Odessa exit, 40 Highway to shop on the south side of the road.
Subdivision
210 - Lafayette County, Mo
Standard status
Active
APN
14-7.0-36-3-001-015.000
Lot size
0.30 Acres
Taxes and HOA fees
Tax Description
PT OF NE1/4 OF SW1/4; 554-108, 730-730, 730-913, 778-580, 2022DR2298
Tax Annual Amount
2142
Legal Description
PT OF NE1/4 OF SW1/4; 554-108, 730-730, 730-913, 778-580, 2022DR2298
Utilities
Utilities
Water Available
Amenities
welder plug-in
compressor hookup
two restrooms
dedicated office space
camera/security system
Building Details
Floors in Building
1
Listing Agency:
RE/MAX Premier Properties · RE/MAX International
(816) 416-7090
Listed By:
Raegan West
(816) 255-6906
Added: Aug 16
Changed: Aug 18
Last Checked: Aug 21 at 7:06PM
MLS# 2637314
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 approximately 3,300-square-foot automotive shop is configured for vehicle service and related commercial operations. The primary bay provides 14-foot clearance, while the rest of the shop has 12-foot ceilings. Improvements include a dedicated office, two restrooms, a welder plug-in, compressor hookup, and an existing camera/security system. A 14,000-lb vehicle lift may be negotiated with an accepted contract.
The property occupies 0.3 acres at 120 US-40 Highway in Odessa, Missouri, with frontage along I-70 and a parking lot. Commercial zoning and water availability are identified for the property. Its existing shop layout and service-oriented features provide a built-out setting for an automotive business or another compatible commercial operation.
The property occupies 0.3 acres at 120 US-40 Highway in Odessa, Missouri, with frontage along I-70 and a parking lot. Commercial zoning and water availability are identified for the property. Its existing shop layout and service-oriented features provide a built-out setting for an automotive business or another compatible commercial operation.
Key Highlights
- Approximately 3,300 sq. ft. automotive shop on 0.3 acres
- 14‑foot main bay and 12‑foot ceilings throughout the remaining shop area
- I‑70 frontage at 120 US‑40 Highway in Odessa, Missouri
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
$12,836
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
3.21%
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%
$256,720
$256.7K
Cap Rate 7%
$183,371
$183.4K
Cap Rate 9%
$142,622
$142.6K
Market Conditions
NOI Build-Up for 3,300 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
$19.4K $5.88/SF
− Vacancy
−$1.1K −$0.32/SF
EGI
$18.3K $5.56/SF
− OpEx
−$5.5K −$1.67/SF
NOI
$12.8K $3.89/SF
Area
Lafayette County, MO
Vacancy
5.50%
Lease Rate
$5.88 /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%
$256,720
Cap Rate 7%
$183,371
Cap Rate 9%
$142,622
Alternative Uses
Best Use
Retail
$729.1K
$638.0K – $850.7K
NOI $51,040 @ 7.0% cap · market cap 12.76%
Second Best
Industrial
$183.4K
$160.5K – $213.9K
NOI $12,836 @ 7.0% cap · market cap 3.21%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 64076, MO
9,863
Population
3,752
Households
2.6
Avg Household Size
39
Median Age
23%
College-Educated
94%
High-School Grad
124.3 sq mi
ZIP Area
79
Density / Sq Mi
$81,058
Median Household Income
$43,002
Median Earnings
$961
Median Rent
$226,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Auto shop - Functional commercial shop with dedicated office space, restrooms, vehicle-service connections, and interstate frontage.
Where is this auto shop located?
The property is located at 120 US-40 Highway Odessa, MO.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Approximately 3,300 sq. ft. automotive shop on 0.3 acres; 14‑foot main bay and 12‑foot ceilings throughout the remaining shop area; I‑70 frontage at 120 US‑40 Highway in Odessa, Missouri
