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    Automotive Repair and Car Wash Property Title is generated by Realmo AI

    120 W Business Highway 60, Dexter, MO 63841

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    For Sale
    $435,000

    Commercial Sale, Other - Dexter, MO

    Property size:
    6,756 SF
    Lot size:
    0.86 Acres
    Price / SF:
    $64/SF
    Added:
    May 27, 2026
    Days on Market:
    10
    Last Refresh:
    Jun 5 at 9:06 pm

    Property Features for 120 W Business Highway 60

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Bedrooms
    1
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1
    Standard status
    Active
    Size
    6,756 SF
    Lot size
    0.86 Acres

    Building Details

    Year built
    1969
    Building materials
    Other
    Architectural style
    Other

    We can help!

    Listing Contact
    Karen Hindman

    Listing agent Karen Hindman

    Listing office Delta Realty LLC 1009 Hickory Log Dr, Malden, MO

    Listing date May 27, 2026

    MLS# 16800 Listing URL

    Copyright © 2026 Southeast Missouri Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Commercial property on Business Hwy 60 with high traffic count day and night
    • Sale includes all paved areas and 3 buildings
    • Building 1: 4,500 SF repair shop with front office area, large open bay with concrete floors, and multiple garage doors
    • Building 2: 456 SF office with an open entry area and separate office area
    • Building 3: 1,800 SF repair shop/wash bay with concrete floors, wash bay with a drain, and an office area
    • Grass area is not included, but seller states buyer may have first option to purchase later

    Overview

    This sale includes paved areas and three separate buildings configured for automotive use. Building 1 is a repair shop with a front office area, a large open bay area with concrete floors, and multiple garage doors. Building 2 is an office building with an open entry area and a separate office area. Building 3 combines a repair shop and wash bay, featuring concrete floors, a wash bay area with a drain, and an office area.

    The property is located on Business Hwy 60 in Dexter, MO, and the listing notes high traffic day and night. The overall lot size is 0.86 acres, and all paved areas are included with the sale. The grass area is not included, though the listing states there is a first option to purchase it at a later date.

    This setup supports flexible tenant and operator use. One building can be used by the business while other buildings can be rented out, or the buildings can be kept for one company supporting multiple operations. With Commercial zoning and facilities that include repair bays and a wash bay with a drain, the property is designed for automotive-focused businesses seeking a consolidated site.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Map

    City
    Dexter
    County
    Stoddard
    State
    Missouri
    Longitude
    -89.9236
    Latitude
    36.7491

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    FAQs

    What type of property is this?
    Auto shop - High-visibility Commercial property on Business Hwy 60 with paved areas, offices, repair bays, and a wash bay.
    Where is this auto shop located?
    The property is located at 120 W Business Highway 60 Dexter, MO.
    What is the asking price?
    The asking price for this property is $435,000.
    What are key features of this property?
    This property features: Commercial property on Business Hwy 60 with high traffic count day and night; Sale includes all paved areas and 3 buildings; Building 1: 4,500 SF repair shop with front office area, large open bay with concrete floors, and multiple garage doors
    (573) 625-9777
    We can help!
    Listing Contact
    Karen Hindman
    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.

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