Two-Bay Automotive
For Sale
$429,000
12600 Lusher Road, Florissant, MO 63033
Automotive facility with lifts, overhead doors, support areas, and fenced outdoor storage.
Property Size1,305 SF
Lot Size0.67 Acres
Days on Market49
Property Features for 12600 Lusher Road
General Information
Standard status
Active
Size
1,305 SF
Lot size
0.67 Acres
Property subtype
Commercial
Additional Details
Business Included
Yes
Outdoor Storage
Yes
Service Bays
2
Taxes and HOA fees
Annual Taxes
$9,387
Amenities
Waiting Area
Office
Storage Room
Bathroom
Covered Carport
Fenced Storage
Building Details
Building Size
1,305 SF
Year Built
1972
Buildings
1
Stories
1
Listing Agency:
Show-Me Realty Associates
(314) 712-2127
Listed By:
Connie Dunn · License #1999087045
(314) 712-2127
Source:
Exit2newbeginningz
Added: Jul 13
Changed: Aug 28
Last Checked: Aug 29 at 10:22AM
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 Show-Me Realty Associates
Investment Insights
Based on property information with market context.
Built in 1972, this automotive shop includes two service bays equipped with lifts and overhead doors. The building also provides a waiting area, office, storage room, and bathroom, supporting a range of automotive service operations.
The property occupies a 0.67-acre lot at 12600 Lusher Road in Florissant, Missouri. Exterior features include a substantial parking area, fenced storage, and a covered carport. A newer roof and the available outdoor area add practical utility for ongoing operations and future expansion.
The property occupies a 0.67-acre lot at 12600 Lusher Road in Florissant, Missouri. Exterior features include a substantial parking area, fenced storage, and a covered carport. A newer roof and the available outdoor area add practical utility for ongoing operations and future expansion.
Key Highlights
- Two service bays with lifts and overhead doors
- 0.67‑acre lot with room for expansion
- Waiting area, office, storage room, and bathroom
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
$17,555
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
4.09%
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%
$351,100
$351.1K
Cap Rate 7%
$250,786
$250.8K
Cap Rate 9%
$195,056
$195.1K
Market Conditions
NOI Build-Up for 1,305 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
$29.1K $22.32/SF
− Vacancy
−$4.0K −$3.10/SF
EGI
$25.1K $19.22/SF
− OpEx
−$7.5K −$5.77/SF
NOI
$17.6K $13.45/SF
Area
St. Louis County, MO
Vacancy
13.90%
Lease Rate
$22.32 /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%
$351,100
Cap Rate 7%
$250,786
Cap Rate 9%
$195,056
Alternative Uses
Best Use
Retail
$250.8K
$219.4K – $292.6K
NOI $17,555 @ 7.0% cap · market cap 4.09%
Second Best
Industrial
$73.9K
$64.7K – $86.2K
NOI $5,173 @ 7.0% cap · market cap 1.21%
Theoretical Best
Office A
$280.1K
$245.1K – $326.8K
NOI $19,605 @ 7.0% cap · market cap 4.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
113
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 63033, MO
43,175
Population
18,637
Households
2.3
Avg Household Size
40
Median Age
28%
College-Educated
93%
High-School Grad
12.2 sq mi
ZIP Area
3,539
Density / Sq Mi
$63,979
Median Household Income
$38,410
Median Earnings
$1,150
Median Rent
$157,400
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.
Similar Off Market Nearby
- First Lady Automotive — 6846 Trois Ct, Florissant, MO 63033
- Executive Auto Enterprises — 12450 Lusher Rd, St. Louis, MO 63138
- Hy-Tech Transmissions — 12598 Lusher Rd, St. Louis, MO 63138
- Sansone's Automotive — 12600 Lusher Rd, Florissant, MO 63033
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive facility with lifts, overhead doors, support areas, and fenced outdoor storage.
Where is this auto shop located?
The property is located at 12600 Lusher Road Florissant, MO.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Two service bays with lifts and overhead doors; 0.67‑acre lot with room for expansion; Waiting area, office, storage room, and bathroom
