Auto Shop with Wash
For Sale
$1,900,000
3111 S Springfield Avenue, Bolivar, MO 65613
SINGLE_FAMILY - Bolivar, MO
Property Size10,020 SF
Lot Size2.32 Acres
Price / SF$189.62
Days on Market186
Property Features for 3111 S Springfield Avenue
General Information
Property type
Residential
Property subtype
Retail
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
View
City
Directions
From HWY 13 and Springfield Ave go north to property on the left.
Standard status
Active
APN
89-11-0.6-13-000-000-040.01
Lot size
2.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
N 2.32 AC OF PT SE SE
Tax Annual Amount
4555
Legal Description
N 2.32 AC OF PT SE SE
Utilities
Utilities
Natural Gas Available
Amenities
showroom
offices
wash bay
parts area
Building Details
Year built
1991
Roof type
Metal
Listing Agency:
Jones - Lassley Realty, Inc
(417) 581-6213
Listed By:
Shane L Nelson · License #4318
(417) 861-4556
Added: Feb 12
Changed: Jul 31
Last Checked: Aug 17 at 9:06AM
MLS# 60315196
Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). 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.
This turnkey auto shop property includes a 10,020 SF building with a showroom, offices, a wash bay, a parts area, and multiple bays in the shop area. The site sits on 2.32 acres of paved lot, supporting day-to-day vehicle service operations.
The building was constructed in 1991 and features a metal roof. Natural gas is available, providing an important utility for shop operations.
The property is positioned outside the city limits of Bolivar, MO, which may be relevant for buyers evaluating operational and regulatory considerations.
The building was constructed in 1991 and features a metal roof. Natural gas is available, providing an important utility for shop operations.
The property is positioned outside the city limits of Bolivar, MO, which may be relevant for buyers evaluating operational and regulatory considerations.
Key Highlights
- 10,020 SF auto shop building with showroom, offices, parts area, and multiple shop bays
- Wash bay plus multiple bays in the shop area
- 2.32‑acre paved lot for vehicle/service operations
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
$74,569
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
3.92%
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%
$1,491,380
$1.5M
Cap Rate 7%
$1,065,271
$1.1M
Cap Rate 9%
$828,544
$828.5K
Market Conditions
NOI Build-Up for 10,020 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
$110.6K $11.04/SF
− Vacancy
−$4.1K −$0.41/SF
EGI
$106.5K $10.63/SF
− OpEx
−$32.0K −$3.19/SF
NOI
$74.6K $7.44/SF
Area
Polk County, MO
Vacancy
3.70%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
30.00%
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%
$1,491,380
Cap Rate 7%
$1,065,271
Cap Rate 9%
$828,544
Alternative Uses
Best Use
Retail
$1.07M
$932.1K – $1.24M
NOI $74,569 @ 7.0% cap · market cap 3.92%
Second Best
Industrial
$459.1K
$401.7K – $535.6K
NOI $32,136 @ 7.0% cap · market cap 1.69%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,864 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
402
Businesses Nearby
208k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 34%
Superstores 34%
Shops & Services 12%
Groceries 9%
Walmart
Superstores
70,581 visits/mo
0.5 miles
Wendy's
Dining
19,374 visits/mo
0.5 miles
Aldi
Groceries
18,572 visits/mo
0.4 miles
Taco Bell
Dining
17,423 visits/mo
0.2 miles
Dollar Tree
Shops & Services
13,080 visits/mo
0.4 miles
Demographics for 65613, MO
17,890
Population
7,327
Households
2.4
Avg Household Size
37
Median Age
26%
College-Educated
90%
High-School Grad
184.9 sq mi
ZIP Area
97
Density / Sq Mi
$56,919
Median Household Income
$31,765
Median Earnings
$828
Median Rent
$197,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Cloyd Muffler & Auto Repair — 1271 E 460th Rd, Bolivar, MO 65613
- Quarles Supply, Inc. — 3251 S Springfield Ave, Bolivar, MO 65613
- Bill Grant Ford, Inc. Service — 3060 S Springfield Ave, Bolivar, MO 65613
- Ford Service — 3060 S Springfield Ave, Bolivar, MO 65613
- Parrish Tire & Alignment — 2890 S Springfield Ave, Bolivar, MO 65613
Frequently Asked Questions
What type of property is this?
Auto shop - Auto shop on a paved lot with showroom, offices, wash bays, and multiple bays in the shop area.
Where is this auto shop located?
The property is located at 3111 S Springfield Avenue Bolivar, MO.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 10,020 SF auto shop building with showroom, offices, parts area, and multiple shop bays; Wash bay plus multiple bays in the shop area; 2.32‑acre paved lot for vehicle/service operations
