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    Auto Dealer Retail/Showroom Building Title is generated by Realmo AI

    1690 New Car Dr, O Fallon, IL

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    Turn-key auto dealer retail/showroom with 200 parking spaces.

    Type:RETAIL
    Property size:
    17,661 SF
    Lot size:
    2.44 Acres
    Price / SF:
    $113/SF
    Added:
    Feb 12, 2024
    Days on Market:
    854
    Last Refresh:
    May 20 at 8:35 pm

    Property Features for 1690 New Car Dr

    General Information

    Standard status
    Active
    Size
    17,661 SF
    Lot size
    2.44 Acres
    Property subtype
    RETAIL

    Properties For Sale

    at 1690 New Car Dr Contact us

    We can help!

    Listing Contact
    Nick Garavaglia

    Listing agent Joshua Roedemeier

    Listing office CBRE

    Listing date Feb 12, 2024

    Source Moodyscre

    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 CBRE

    HighLights

    • Direct access and visibility on Hwy 50 with 25,700+ VPD
    • Outparcel of Lincoln Crossing Shopping Center anchored by Home Depot and Walmart ($58.5M in sales) with high customer traffic
    • Turn‑key auto dealer retail/showroom building
    • 200 parking spaces
    • 10 Service Bays
    • Zoned B2 Commercial

    Overview

    This property is located at a signalized intersection on Hwy 50, offering direct access and visibility with a traffic volume of over 25,700 vehicles per day. It is an outparcel of the Lincoln Crossing Shopping Center, which is anchored by Home Depot and Walmart, generating high customer traffic with $58.5 million in sales. The property is a turn-key auto dealer retail/showroom building with 200 parking spaces. It features two 10' x 8' roll-up doors and one 12' x 8' roll-up door, along with 10 service bays. The property is zoned B2 Commercial and has a size of 17,661 square feet. It is suitable for auto shops, automotive properties, retail properties, showrooms, individual retail properties, and parking lots & garages.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $275.5k $15.60
    − Vacancy −$23.4k −$1.33
    EGI $252.1k $14.27
    − OpEx −$75.6k −$4.28
    NOI $176.5k $9.99
    17,661 SF · lease $15.60/SF/yr · vacancy 8.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $2.52M
    $2.21M – $2.94M (±1% cap)
    NOI $176,465 @ 7.0% cap · market cap 8.82%
    Second Best
    Industrial
    $1.62M
    $1.42M – $1.89M (±1% cap)
    NOI $113,556 @ 7.0% cap · market cap 5.68%
    Theoretical Best
    Office A
    $4.18M
    $3.66M – $4.88M (±1% cap)
    NOI $292,670 @ 7.0% cap · market cap 14.63%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Pratt & Whitney — 1331 park plaza dr # 3, o'fallon, il 62269
    • Mission Accomplished Tire and Auto — 1801 w hwy 50, o'fallon, il 62269
    • Walmart Auto Care Centers — 1530 W Hwy 50, O'Fallon, IL 62269
    • Mission Accomplished Tire & Auto — 1801 W Hwy 50, O'Fallon, IL 62269
    • Mazda Service — 105 Auto Ct, O'Fallon, IL 62269

    Location Insight

    • Map
    • Local Demand
    City
    O Fallon
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.9565
    Latitude
    38.5963

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    FAQs

    What type of property is this?
    Auto shop - Turn-key auto dealer retail/showroom with 200 parking spaces.
    Where is this auto shop located?
    The property is located at 1690 New Car Dr O Fallon, IL.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: Direct access and visibility on Hwy 50 with 25,700+ VPD; Outparcel of Lincoln Crossing Shopping Center anchored by Home Depot and Walmart ($58.5M in sales) with high customer traffic; Turn‑key auto dealer retail/showroom building
    (314) 655-6000 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Nick Garavaglia
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