Turnkey Automotive Service
For Sale
Contact for pricing
1525 East Florida Street, Springfield, MO 65803
Turnkey automotive property with five garage bays, built-in lifts and compressors, plus a secondary metal building with a double garage door.
Property Size4,092 SF
Lot Size0.85 Acres
Price / SF$116.08
Days on Market132
Property Features for 1525 East Florida Street
General Information
Standard status
Active
Size
4,092 SF
Total Parking Spaces
6
Lot size
0.85 Acres
Property subtype
Industrial, Business for Sale
Zoning
HM
Investment Type
Owner/User
Additional Details
Business Included
Yes
Service Bays
5
Building Details
Year Built
1999
Buildings
2
Units
2
Listing Agency:
Graddy Real Estate
Listed By:
Adam Graddy · License #MO 2004014961
(417) 883-4900
Source:
Crexi
Added: Apr 28
Changed: Sep 1
Last Checked: Sep 5 at 2:00AM
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 Graddy Real Estate
Investment Insights
Based on property information with market context.
This turnkey automotive service facility is offered on two parcels totaling 0.85 acres, including both buildings and an established business valued at $100,000, conveying with the sale. The main building features durable metal siding and a metal roof, with five garage bays plus a reception office and a bathroom. It is fully outfitted with built-in lifts and compressors, designed to support immediate operations.
A second parcel includes an additional metal building with a double garage door for overflow workspace, specialty services, or equipment storage. There is also extra land at the rear that can support additional storage and future expansion. The property is positioned for quick access to Glenstone and Kearney and is zoned for heavy manufacturing.
A second parcel includes an additional metal building with a double garage door for overflow workspace, specialty services, or equipment storage. There is also extra land at the rear that can support additional storage and future expansion. The property is positioned for quick access to Glenstone and Kearney and is zoned for heavy manufacturing.
Key Highlights
- Two‑parcel automotive property totaling 0.85 acres in Springfield, zoned heavy manufacturing
- Main building includes 5 garage bays, reception office, and bathroom
- Main building features metal siding and a metal roof
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
$30,453
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
6.41%
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%
$609,060
$609.1K
Cap Rate 7%
$435,043
$435.0K
Cap Rate 9%
$338,367
$338.4K
Market Conditions
NOI Build-Up for 4,092 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
$45.2K $11.04/SF
− Vacancy
−$1.7K −$0.41/SF
EGI
$43.5K $10.63/SF
− OpEx
−$13.1K −$3.19/SF
NOI
$30.5K $7.44/SF
Area
Springfield, MO
Vacancy
3.70%
Lease Rate
$11.04 /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%
$609,060
Cap Rate 7%
$435,043
Cap Rate 9%
$338,367
Alternative Uses
Best Use
Retail
$435.0K
$380.7K – $507.6K
NOI $30,453 @ 7.0% cap · market cap 6.41%
Second Best
Industrial
$187.5K
$164.1K – $218.7K
NOI $13,124 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$617.6K
$540.4K – $720.6K
NOI $43,233 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
644
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 65803, MO
42,007
Population
19,659
Households
2.1
Avg Household Size
38
Median Age
22%
College-Educated
91%
High-School Grad
93.4 sq mi
ZIP Area
450
Density / Sq Mi
$46,539
Median Household Income
$33,537
Median Earnings
$890
Median Rent
$158,200
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
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- Safelite AutoGlass — 1462 n national ave, springfield, mo 65802
- Northeast Diesel Service Of Springfield — 2153 E Division St, Springfield, MO 65803
Frequently Asked Questions
What type of property is this?
Auto shop - Turnkey automotive property with five garage bays, built-in lifts and compressors, plus a secondary metal building with a double garage door.
Where is this auto shop located?
The property is located at 1525 East Florida Street Springfield, MO.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two‑parcel automotive property totaling 0.85 acres in Springfield, zoned heavy manufacturing; Main building includes 5 garage bays, reception office, and bathroom; Main building features metal siding and a metal roof
