Freestanding Auto Service
For Sale
$2,900,000
1507 Ashley Rd, Boonville, MO 65233
Commercial Sale, Boonville, MO
Property Size21,340 SF
Lot Size3.62 Acres
Price / SF$135.90
Days on Market283
Property Features for 1507 Ashley Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C1
Subdivision
Boonville
Standard status
Active
Lot size
3.62 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
10-2.0-10-002-006-001.001
Tax Annual Amount
21717
Legal Description
10-2.0-10-002-006-001.001
Amenities
showroom
reception/lounge area
multiple offices
meeting rooms
kitchenette
ADA-compliant restrooms
heated and cooled former mechanic shop
large parts/storage area
fully illuminated parking lot
Listing Agency:
Chipley and Company Real Estate
(660) 882-3442
Listed By:
NATHAN N. CHIPLEY · License #1999034126
(660) 537-4455
Added: Dec 18, 2025
Changed: Aug 19
Last Checked: Sep 27 at 10:06AM
MLS# 25-430
Copyright © 2026 Central Missouri Board of REALTORS. 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 freestanding auto shop property includes a 21,340-square-foot facility on approximately 3.62 acres. The building contains a showroom, reception and lounge area, multiple offices, meeting rooms, a kitchenette, and ADA-compliant restrooms. A heated and cooled former mechanic shop provides additional service space, while a large parts or storage area supports operational needs.
The property also includes a fully illuminated parking lot and is located at 1507 Ashley Rd in Boonville, Missouri. Zoned C1, the site brings together automotive-oriented improvements, office areas, customer amenities, and substantial outdoor parking within one commercial property.
The property also includes a fully illuminated parking lot and is located at 1507 Ashley Rd in Boonville, Missouri. Zoned C1, the site brings together automotive-oriented improvements, office areas, customer amenities, and substantial outdoor parking within one commercial property.
Key Highlights
- 21,340 SF freestanding facility on approximately 3.62 acres
- C1 zoning in Boonville, MO
- Showroom, reception/lounge area, offices, and meeting rooms
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
$190,728
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
6.58%
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%
$3,814,560
$3.8M
Cap Rate 7%
$2,724,686
$2.7M
Cap Rate 9%
$2,119,200
$2.1M
Market Conditions
NOI Build-Up for 21,340 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
$286.8K $13.44/SF
− Vacancy
−$14.3K −$0.67/SF
EGI
$272.5K $12.77/SF
− OpEx
−$81.7K −$3.83/SF
NOI
$190.7K $8.94/SF
Area
Cooper County, MO
Vacancy
5.00%
Lease Rate
$13.44 /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%
$3,814,560
Cap Rate 7%
$2,724,686
Cap Rate 9%
$2,119,200
Alternative Uses
Best Use
Industrial
$2.72M
$2.38M – $3.18M
NOI $190,728 @ 7.0% cap · market cap 6.58%
Second Best
Retail
$1.16M
$1.01M – $1.35M
NOI $81,122 @ 7.0% cap · market cap 2.80%
Theoretical Best
Warehouse
$3.31M
$2.89M – $3.86M
NOI $231,599 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
91
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 65233, MO
11,472
Population
4,622
Households
2.5
Avg Household Size
41
Median Age
26%
College-Educated
90%
High-School Grad
141.9 sq mi
ZIP Area
81
Density / Sq Mi
$64,333
Median Household Income
$38,608
Median Earnings
$807
Median Rent
$206,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Goodyear Commercial Tire & Service Centers — 1711 W Ashley Rd, Boonville, MO 65233
- Pilot Truck Care — 1711 W Ashley Rd, Boonville, MO 65233
- Gaps Automotive Repair — 1640 W Ashley Rd, Boonville, MO 65233
- W-K Ford Collision — 1545 W Ashley Rd, Boonville, MO 65233
- W-K Ford Service — 1545 W Ashley Rd, Boonville, MO 65233
Frequently Asked Questions
What type of property is this?
Auto shop - C1-zoned commercial property combines customer-facing areas with conditioned service, storage, and parking improvements.
Where is this auto shop located?
The property is located at 1507 Ashley Rd Boonville, MO.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 21,340 SF freestanding facility on approximately 3.62 acres; C1 zoning in Boonville, MO; Showroom, reception/lounge area, offices, and meeting rooms
