Automotive Shop with High-Clear
For Sale
$400,000
120 W Us Highway 40, Odessa, MO 64076
Configured for automotive operations with office, restrooms, utility hookups, and security equipment.
Property Size3,300 SF
Price / SF$121.21
Days on Market16
Property Features for 120 W Us Highway 40
General Information
Standard status
Active
Size
3,300 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$2,142
Amenities
welder plug-in
compressor hookup
two restrooms
dedicated office space
existing camera/security system
Building Details
Buildings
1
Listing Agency:
RE/MAX Premier Properties
(816) 255-6906
Listed By:
Raegan West
(816) 255-6906
Source:
Exprealty
Added: Aug 16
Changed: Aug 30
Last Checked: Aug 30 at 12:57PM
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 RE/MAX Premier Properties
Investment Insights
Based on property information with market context.
This approximately 3,300-square-foot automotive shop provides a functional commercial layout for vehicle service operations. The main bay offers 14-foot clearance, while the balance of the shop has 12-foot ceilings. Interior improvements include dedicated office space, two restrooms, a welder plug-in, compressor hookup, and an existing camera and security system.
The property fronts I-70 at 120 W US Highway 40 in Odessa, Missouri, providing direct exposure along the interstate corridor. The location is within the Odessa community and offers an established shop configuration with the physical features needed for automotive-related business use. A 14,000-lb vehicle lift may be available through separate agreement with an accepted contract.
The property fronts I-70 at 120 W US Highway 40 in Odessa, Missouri, providing direct exposure along the interstate corridor. The location is within the Odessa community and offers an established shop configuration with the physical features needed for automotive-related business use. A 14,000-lb vehicle lift may be available through separate agreement with an accepted contract.
Key Highlights
- Approximately 3,300 sq. ft. automotive shop
- I‑70 frontage at 120 W US Highway 40
- 14‑foot main bay clearance and 12‑foot ceilings throughout remaining shop area
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
368
Businesses Nearby
Well-served
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.
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Frequently Asked Questions
What type of property is this?
Auto shop - Configured for automotive operations with office, restrooms, utility hookups, and security equipment.
Where is this auto shop located?
The property is located at 120 W Us Highway 40 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; I‑70 frontage at 120 W US Highway 40; 14‑foot main bay clearance and 12‑foot ceilings throughout remaining shop area
