Building Details

Buildings 1

Listing Agency: Coldwell Banker Realty - Gundaker a***@cbrealty.com Show Phone

Listed By: Trevor Hollock · License #2021005598 Show Phone

Source: Exprealty

Added: Sep 16 Changed: Sep 20 Last Checked: Sep 21 at 7:46AM

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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 Coldwell Banker Realty - Gundaker

Investment Insights

Based on property information with market context.

This automotive property at 1525 State Road Z includes approximately 1,391 square feet of shop space in a 30-by-36-foot garage. The building has two service bays, two 12-by-9-foot doors, a reception or waiting area, and a bathroom. A 2016 air-conditioning installation supports the interior, while heating is provided by both used-oil and natural-gas systems.

The sale includes two 10,000-pound lifts, installed in 2016 and 2015, along with two mounted air compressors and tire-balancing equipment. The property also provides space for a 20-car parking lot and storage for 40 vehicles. Public utilities serve the facility.

Key Highlights

• Approximately 1,391+/- square feet of shop space
• 30X36 garage with 2 bays and two 12ftX9ft doors
• Two 10,000lbs lifts installed in 2016 and 2015

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

$22,217

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

6.94%

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%

$444,340 $444.3K

Cap Rate 7%

$317,386 $317.4K

Cap Rate 9%

$246,856 $246.9K

Market Conditions

NOI Build-Up for 1,391 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

$33.6K $24.12/SF

− Vacancy

−$1.8K −$1.30/SF

EGI

$31.7K $22.82/SF

− OpEx

−$9.5K −$6.85/SF

NOI

$22.2K $15.97/SF

Area

Jefferson County, MO

Vacancy

5.40%

Lease Rate

$24.12 /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%

$444,340

Cap Rate 7%

$317,386

Cap Rate 9%

$246,856

Alternative Uses

Best Use

Retail

$317.4K

$277.7K – $370.3K (±1% cap)

NOI $22,217 @ 7.0% cap · market cap 6.94%

Second Best

Industrial

$85.8K

$75.1K – $100.1K (±1% cap)

NOI $6,007 @ 7.0% cap · market cap 1.88%

Theoretical Best

Specialty Retail

$4.13M

$3.61M – $4.82M (±1% cap)

NOI $289,179 @ 7.0% cap · market cap 90.37%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Auto shops

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Big Box & Wholesale Store Hair Salon Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Service bays

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

24

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Auto shop - Automotive facility with service equipment, vehicle storage capacity, and public utilities.

Where is this auto shop located?

The property is located at 1525 State Road Z Pevely, MO.

What is the asking price?

The asking price for this property is $320,000.

What are key features of this property?

This property features: Approximately 1,391+/- square feet of shop space; 30X36 garage with 2 bays and two 12ftX9ft doors; Two 10,000lbs lifts installed in 2016 and 2015