Automotive Service Building with Shop
For Sale
$375,000
1726 Colhoun Street, St Joseph, MO 64501
Commercial Sale, St Joseph, MO
Property Size4,000 SF
Lot Size0.16 Acres
Price / SF$93.75
Days on Market53
Property Features for 1726 Colhoun Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C3-R4
Parking features
Parking Lot, Garage
Interior features
Storage, In-Law Floorplan, Private Restroom, Public Restroom
Exterior features
Building Sign, Delivery Door(s), Storage
Directions
The property is located on the south side of the 1700th block of Colhoun Street. It also sides 18th Street to the east.
Subdivision
1132 - Buchanan Co NW-N=Co Line;S=I-36;E=I-29;W=M
Standard status
Active
APN
06-2.0-09-002-002-040.000
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
SUB:OLIVER - GLASS & WILSON'S LOT:10 BLK:2 LGL DESC:-L11 & 12
Tax Annual Amount
3014
Legal Description
SUB:OLIVER - GLASS & WILSON'S LOT:10 BLK:2 LGL DESC:-L11 & 12
Amenities
concrete slab
spray-foam insulation
floor drains
ceramic tile flooring
vinyl plank flooring
forced-air heat
central A/C
overhead doors
glass pedestrian entrance
Building Details
Year built
1990
Floors in Building
2
Additional Structures
Storage
Listing Agency:
ReeceNichols-KCN · HomeLife
(816) 468-8555
Listed By:
Christian Coder · License #2020005537
(816) 273-8710
Added: Aug 13
Changed: Sep 3
Last Checked: Oct 4 at 10:06AM
MLS# 2636243
Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1990, this 4,000 SF steel-frame automotive facility combines a two-story office area with a large service shop. The building has a metal exterior, metal roof, spray-foam insulation, concrete floors, floor drains, and a 19-foot clear height. Existing equipment includes two 9,000-pound automotive lifts, an air compressor, two radiant gas heaters, and exhaust ventilation. Office improvements include ceramic tile on the first floor, vinyl plank flooring upstairs, forced-air heat, and central A/C.
Access is provided by two 10' x 12' overhead doors, one 12' x 16' overhead door, and a glass pedestrian entry. Approximately 4,700 SF of fenced outdoor storage lies south of the building for vehicles, equipment, or inventory. The tract is primarily zoned C-3 Commercial District, with a portion zoned R-4 Apartment Residential District. Stated furniture, fixtures, and equipment are included.
Access is provided by two 10' x 12' overhead doors, one 12' x 16' overhead door, and a glass pedestrian entry. Approximately 4,700 SF of fenced outdoor storage lies south of the building for vehicles, equipment, or inventory. The tract is primarily zoned C-3 Commercial District, with a portion zoned R-4 Apartment Residential District. Stated furniture, fixtures, and equipment are included.
Key Highlights
- 4,000 SF automotive service building constructed in 1990
- 19‑foot clear height with concrete floors, floor drains, and exhaust ventilation
- Two 9,000‑pound automotive lifts, air compressor, and two radiant gas heaters
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
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Open Analytics
Current Use
Lease Details
19 ft
Clear height
3
Drive-in doors
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
- Southern Auto Service — 5530 K Hwy Suite B, St Joseph, MO 64505
- Greenhaw auto repair — 1202 Jules St, St Joseph, MO 64501
- S&J Auto Shop LLC — 1202 Jules St, St Joseph, MO 64501
- Eurosource Autowerks — 1219 Frederick Ave, St Joseph, MO 64501
- J & B Motor Co — 1301 Frederick Ave, St Joseph, MO 64501
Frequently Asked Questions
What type of property is this?
Auto shop - C3-R4 zoning, a two-story office area, and fenced outdoor storage support varied commercial operations.
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 with concrete floors, floor drains, and exhaust ventilation; Two 9,000‑pound automotive lifts, air compressor, and two radiant gas heaters
