Showroom Outparcel With Service
For Sale
$1,536,098
1690 NEW CAR DRIVE, O Fallon, IL 62269
The property combines an auto dealer showroom with dedicated automotive service facilities and direct highway access.
Property Size18,947 SF
Lot Size2.44 Acres
Price / SF$81.07
Days on Market135
Property Features for 1690 NEW CAR DRIVE
General Information
Standard status
Active
Size
18,947 SF
Total Parking Spaces
200
Lot size
2.44 Acres
Property subtype
Retail
Zoning
B2 Commercial
Site & Location
Anchor Co-Tenants
Home Depot, Walmart
Traffic Count
25,700 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Service Bays
10
Amenities
signalized intersection
outparcel of Lincoln Crossing Shopping Center
turn-key
Building Details
Buildings
1
Listing Agency:
CBRE
Listed By:
Nick Garavaglia
(314) 655-5827
Source:
Cbre
Added: Jun 2
Changed: Oct 11
Last Checked: Oct 12 at 6:11PM
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
Investment Insights
Based on property information with market context.
This showroom property includes an auto dealer retail and display building with 10 service bays, two 10' x 8' roll-up doors, and one 12' x 8' roll-up door. The site provides 200 parking spaces and carries B2 Commercial zoning.
Positioned at a signalized intersection on Hwy 50, the property has direct access and visibility along a corridor reporting 25,700+ VPD. It is an outparcel within Lincoln Crossing Shopping Center, which is anchored by Home Depot and Walmart. The property is located at 1690 New Car Drive in O'Fallon, Illinois.
Positioned at a signalized intersection on Hwy 50, the property has direct access and visibility along a corridor reporting 25,700+ VPD. It is an outparcel within Lincoln Crossing Shopping Center, which is anchored by Home Depot and Walmart. The property is located at 1690 New Car Drive in O'Fallon, Illinois.
Key Highlights
- Showroom outparcel within Lincoln Crossing Shopping Center
- 10 automotive service bays
- Two 10' x 8' and one 12' x 8' roll‑up doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,825
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,436,500
$2.4M
Cap Rate 7%
$1,740,357
$1.7M
Cap Rate 9%
$1,353,611
$1.4M
Market Conditions
NOI Build-Up for 18,947 SF
Gross rent
$184.2K $9.72/SF
− Vacancy
−$10.1K −$0.53/SF
EGI
$174.0K $9.19/SF
− OpEx
−$52.2K −$2.76/SF
NOI
$121.8K $6.43/SF
Area
St. Clair County, IL
Vacancy
5.50%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,436,500
Cap Rate 7%
$1,740,357
Cap Rate 9%
$1,353,611
Alternative Uses
Best Use
Retail
$2.70M
$2.37M – $3.16M
NOI $189,315 @ 7.0% cap · market cap 12.32%
Second Best
Industrial
$1.74M
$1.52M – $2.03M
NOI $121,825 @ 7.0% cap · market cap 7.93%
Theoretical Best
Office A
$4.49M
$3.92M – $5.23M
NOI $313,981 @ 7.0% cap · market cap 20.44%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
10
Service bays
25,700 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
414
Businesses Nearby
165k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Apparel 30%
Home Improvements & Furnishings 18%
Groceries 16%
Academy Sports + Outdoors
Apparel
48,921 visits/mo
0.1 miles
The Home Depot
Home Improvements & Furnishings
30,062 visits/mo
0.1 miles
Culver's
Dining
27,423 visits/mo
0.2 miles
Aldi
Groceries
25,668 visits/mo
0.3 miles
McDonald's
Dining
24,277 visits/mo
0.3 miles
Demographics for 62269, IL
36,068
Population
14,616
Households
2.5
Avg Household Size
38
Median Age
51%
College-Educated
97%
High-School Grad
29.8 sq mi
ZIP Area
1,210
Density / Sq Mi
$100,167
Median Household Income
$58,724
Median Earnings
$1,258
Median Rent
$274,200
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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Frequently Asked Questions
What type of property is this?
Showroom - The property combines an auto dealer showroom with dedicated automotive service facilities and direct highway access.
Where is this showroom located?
The property is located at 1690 NEW CAR DRIVE O Fallon, IL.
What is the asking price?
The asking price for this property is $1,536,098.
What are key features of this property?
This property features: Showroom outparcel within Lincoln Crossing Shopping Center; 10 automotive service bays; Two 10' x 8' and one 12' x 8' roll‑up doors
