Two-Bay Automotive
For Sale
$429,000
12600 Lusher Road, Florissant, MO 63033
Includes lifts, overhead doors, a waiting area, office, storage room, and bathroom.
Property Size1,305 SF
Lot Size0.67 Acres
Days on Market43
Property Features for 12600 Lusher Road
General Information
Standard status
Active
Size
1,305 SF
Lot size
0.67 Acres
Property subtype
Commercial
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Business Included
Yes
Service Bays
2
Taxes and HOA fees
Annual Taxes
$9,387
Amenities
Waiting Area
Office
Storage Room
Bathroom
Covered Carport
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:
Century21laclede
Added: Jul 13
Changed: Aug 23
Last Checked: Aug 23 at 5:45AM
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.
This operating automotive shop includes 2 bays equipped with lifts and overhead doors, along with a waiting area, office, storage room, and bathroom. The property also features a newer roof, fenced storage on the lot, and a large covered carport.
Set on a .67-acre lot at 12600 Lusher Rd in Florissant, MO, the property includes a large parking area and room for expansion. The site has supported a steady automotive business for over 33 years. Additional stated use possibilities include an automotive detail shop, automotive wrap operation, used auto sales, construction use, tree and lawn service, or tire shop.
Set on a .67-acre lot at 12600 Lusher Rd in Florissant, MO, the property includes a large parking area and room for expansion. The site has supported a steady automotive business for over 33 years. Additional stated use possibilities include an automotive detail shop, automotive wrap operation, used auto sales, construction use, tree and lawn service, or tire shop.
Key Highlights
- 2‑bay automotive shop with lifts and overhead doors
- .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
Yes
Fenced yard
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
- Sansone's Automotive — 12600 Lusher Rd, Florissant, MO 63033
- 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
Frequently Asked Questions
What type of property is this?
Auto shop - Includes lifts, overhead doors, a waiting area, office, storage room, and bathroom.
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: 2‑bay automotive shop with lifts and overhead doors; .67‑acre lot with room for expansion; Waiting area, office, storage room, and bathroom
