Automotive Service Shop with
New
For Sale
Contact for pricing
1726 Colhoun Street, St Joseph, MO 64501
Functional repair facility with dedicated office space, vehicle lifts, overhead doors, and fenced outdoor storage.
Property Size4,000 SF
Price / SF$93.75
Days on Market6
Property Features for 1726 Colhoun Street
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Retail, Industrial, Self Storage
Zoning
C3-R4
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
19 ft
Drive-In Doors
3
Additional Details
Service Bays
2
Amenities
overhead doors
fenced outdoor storage
ceramic tile flooring
vinyl plank flooring
forced-air heat
central air conditioning
radiant gas heaters
exhaust ventilation
spray-foam insulation
Building Details
Year Built
1990
Buildings
1
Building Size
4,000 SF
Construction
steel frame
Listing Agency:
Keller Williams KC North
(816) 387-7819
Listed By:
Christian Coder · License #2021027906
Source:
Crexi
Added: Aug 14
Changed: Aug 18
Last Checked: Aug 19 at 5:58AM
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 Keller Williams KC North
Investment Insights
Based on property information with market context.
This 4,000 SF automotive service property combines a steel-frame shop with a two-story office component. Built in 1990, the building has a metal exterior, insulated metal roof, concrete floors, floor drains, and a 19-foot clear height. The shop includes two 9,000-pound vehicle lifts, an air compressor, two radiant gas heaters, and exhaust ventilation. Finished office areas feature ceramic tile on the first floor and vinyl plank flooring upstairs, with forced-air heating and central air conditioning.
Facility access includes two 10' x 12' overhead doors, one 12' x 16' overhead door, and a glass pedestrian entry on the east/front elevation. Approximately 4,700 SF of fenced outdoor storage lies south of the building. Stated furniture, fixtures, and equipment are included. The tract carries primarily C-3 Commercial District zoning, with a portion designated R-4 Apartment Residential District.
Facility access includes two 10' x 12' overhead doors, one 12' x 16' overhead door, and a glass pedestrian entry on the east/front elevation. Approximately 4,700 SF of fenced outdoor storage lies south of the building. Stated furniture, fixtures, and equipment are included. The tract carries primarily C-3 Commercial District zoning, with a portion designated R-4 Apartment Residential District.
Key Highlights
- 4,000 SF automotive service building constructed in 1990
- 19‑foot clear height in the shop area
- Two 9,000‑pound automotive lifts, air compressor, radiant heaters, and exhaust ventilation
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
$16,467
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
4.39%
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%
$329,340
$329.3K
Cap Rate 7%
$235,243
$235.2K
Cap Rate 9%
$182,967
$183.0K
Market Conditions
NOI Build-Up for 4,000 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
$27.8K $6.96/SF
− Vacancy
−$2.5K −$0.63/SF
EGI
$25.3K $6.33/SF
− OpEx
−$8.9K −$2.22/SF
NOI
$16.5K $4.12/SF
Area
Buchanan County, MO
Vacancy
9.00%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
35.00%
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%
$329,340
Cap Rate 7%
$235,243
Cap Rate 9%
$182,967
Alternative Uses
Best Use
Retail
$539.1K
$471.8K – $629.0K
NOI $37,740 @ 7.0% cap · market cap 10.06%
Second Best
Flex RnD
$235.2K
$205.8K – $274.5K
NOI $16,467 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,480 @ 7.0% cap · market cap 22.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
19 ft
Clear height
3
Drive-in doors
2
Service bays
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 64501, MO
11,020
Population
5,598
Households
2
Avg Household Size
36
Median Age
18%
College-Educated
89%
High-School Grad
3.7 sq mi
ZIP Area
2,978
Density / Sq Mi
$41,615
Median Household Income
$29,276
Median Earnings
$823
Median Rent
$97,400
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Greenhaw auto repair — 1202 Jules St, St Joseph, MO 64501
- Eurosource Autowerks — 1219 Frederick Ave, St Joseph, MO 64501
- Southern Auto Service — 5530 K Hwy Suite B, St Joseph, MO 64505
- J & B Motor Co — 1301 Frederick Ave, St Joseph, MO 64501
- S&J Auto Shop LLC — 1202 Jules St, St Joseph, MO 64501
Frequently Asked Questions
What type of property is this?
Auto shop - Functional repair facility with dedicated office space, vehicle lifts, overhead doors, and fenced outdoor storage.
Where is this auto shop located?
The property is located at 1726 Colhoun Street St Joseph, MO.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 4,000 SF automotive service building constructed in 1990; 19‑foot clear height in the shop area; Two 9,000‑pound automotive lifts, air compressor, radiant heaters, and exhaust ventilation
