Self-Service Car Wash with Expansion
For Sale
Contact for pricing
2696 Babble Creek Ln, O Fallon, MO 63368
Operating automotive property with C-2 zoning and additional land for future improvements or redevelopment.
Property Size3,504 SF
Price / SF$299.66
Days on Market420
Property Features for 2696 Babble Creek Ln
General Information
Standard status
Active
Size
3,504 SF
Property subtype
Land, Mixed Use, Office, Retail, Special Purpose
Zoning
C-2 General Business District
Occupancy
100%
Investment Type
Redevelopment
Net Operating Income
$40,000
Building Details
Year Built
1996
Buildings
1
Units
1
Listing Agency:
KW Commercial St. Charles, MO
(636) 448-5171
Listed By:
Scott Sacco · License #MO 1999023802
Source:
Crexi
Added: Jul 7, 2025
Changed: Aug 29
Last Checked: Aug 29 at 1:36PM
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 KW Commercial St. Charles, MO
Investment Insights
Based on property information with market context.
This self-service car wash property includes a 3504-square-foot building on approximately .92+/- acres. Constructed in 1996, the site is currently operating as a car wash and offers land that may support expansion of the existing improvements or a new buildout, subject to applicable approvals.
The property fronts Hwy K at Babble Creek Lane, with a center turn lane providing direct access from the highway. It is zoned C-2 General Business District, while the future land-use plan identifies general retail and office uses for the property. The combination of an existing automotive operation, highway access, and planned commercial land-use flexibility supports continued car wash use or broader redevelopment consideration.
The property fronts Hwy K at Babble Creek Lane, with a center turn lane providing direct access from the highway. It is zoned C-2 General Business District, while the future land-use plan identifies general retail and office uses for the property. The combination of an existing automotive operation, highway access, and planned commercial land-use flexibility supports continued car wash use or broader redevelopment consideration.
Key Highlights
- 3504‑square‑foot car wash building constructed in 1996
- Approximately .92+/- acres with an operating car wash
- Frontage at Hwy K and Babble Creek Lane
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
$63,848
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
6.08%
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%
$1,276,960
$1.3M
Cap Rate 7%
$912,114
$912.1K
Cap Rate 9%
$709,422
$709.4K
Market Conditions
NOI Build-Up for 3,504 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
$89.1K $25.44/SF
− Vacancy
−$4.0K −$1.14/SF
EGI
$85.1K $24.30/SF
− OpEx
−$21.3K −$6.07/SF
NOI
$63.8K $18.22/SF
Area
St. Charles County, MO
Vacancy
4.50%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
25.00%
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%
$1,276,960
Cap Rate 7%
$912,114
Cap Rate 9%
$709,422
Alternative Uses
Best Use
Specialty Retail
$912.1K
$798.1K – $1.06M
NOI $63,848 @ 7.0% cap · market cap 6.08%
Second Best
Industrial
$763.7K
$668.3K – $891.0K
NOI $53,460 @ 7.0% cap · market cap 5.09%
Theoretical Best
Warehouse
$927.4K
$811.5K – $1.08M
NOI $64,916 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
427
Businesses Nearby
295k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Superstores 34%
Groceries 10%
Shops & Services 9%
Target
Superstores
100,366 visits/mo
0.4 miles
Chick-fil-A
Dining
44,578 visits/mo
0.5 miles
Total Wine & More
Groceries
29,711 visits/mo
0.5 miles
PetSmart
Shops & Services
22,517 visits/mo
0.5 miles
White Castle
Dining
16,922 visits/mo
0.4 miles
Demographics for 63368, MO
46,007
Population
17,315
Households
2.7
Avg Household Size
39
Median Age
49%
College-Educated
96%
High-School Grad
16.2 sq mi
ZIP Area
2,840
Density / Sq Mi
$118,811
Median Household Income
$60,631
Median Earnings
$1,442
Median Rent
$327,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self service car wash - Operating automotive property with C-2 zoning and additional land for future improvements or redevelopment.
Where is this self service car wash located?
The property is located at 2696 Babble Creek Ln O Fallon, MO.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 3504‑square‑foot car wash building constructed in 1996; Approximately .92+/- acres with an operating car wash; Frontage at Hwy K and Babble Creek Lane
