Kingshighway Car Dealership
For Sale
Contact for pricing
3500 S Kingshighway Blvd, Saint Louis, MO 63139
Car dealership with auto repair in Tower Grove South.
Property Size10,041 SF
Lot Size0.78 Acres
Price / SF$134.45
Days on Market776
Property Features for 3500 S Kingshighway Blvd
General Information
Standard status
Active
Size
10,041 SF
Lot size
0.78 Acres
Property subtype
Land
Zoning
G - Local Commercial and Office District
Listing Agency:
Manor Real Estate
Listed By:
Ben Cherry, CCIM · License #MO 2006018085
(314) 647-6611
Source:
Crexi
Added: Sep 8, 2024
Changed: Oct 9
Last Checked: Oct 20 at 6:00PM
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 Manor Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property features a 0.78-acre parcel improved with two buildings. One building measures 1,723 square feet, while the other is a 10,041-square-foot showroom and auto repair building. Currently used as a car dealership with auto repair services, the property is zoned "G" (local commercial and office district). The location at a signalized intersection, combined with three curb cuts on the north, west, and south sides, presents a development opportunity. The property benefits from a traffic volume of 30,000 vehicles per day on Kingshighway. Situated in South St. Louis within the Tower Grove South neighborhood, the property is located at the intersection of Kingshighway and Oleatha.
Key Highlights
- Signalized intersection location with high visibility.
- High traffic volume: 30,000 Vehicles Per Day (V.P.D.) on Kingshighway.
- Zoned "G" (local commercial and office district) offering development opportunities.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,805
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$796,100
$796.1K
Cap Rate 7%
$568,643
$568.6K
Cap Rate 9%
$442,278
$442.3K
Market Conditions
NOI Build-Up for 10,041 SF
Gross rent
$59.5K $5.93/SF
− Vacancy
−$2.7K −$0.27/SF
EGI
$56.9K $5.66/SF
− OpEx
−$17.1K −$1.70/SF
NOI
$39.8K $3.96/SF
Area
St. Louis County, MO
Vacancy
4.50%
Lease Rate
$5.93 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$796,100
Cap Rate 7%
$568,643
Cap Rate 9%
$442,278
Alternative Uses
Best Use
Retail
$1.93M
$1.69M – $2.25M
NOI $135,074 @ 7.0% cap · market cap 10.01%
Second Best
Industrial
$568.6K
$497.6K – $663.4K
NOI $39,805 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$2.15M
$1.89M – $2.51M
NOI $150,848 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
743
Businesses Nearby
211k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Dining 24%
Home Improvements & Furnishings 21%
Electronics 4%
QuikTrip
Shops & Services
41,075 visits/mo
0.3 miles
The Home Depot
Home Improvements & Furnishings
37,714 visits/mo
0.4 miles
PetSmart
Shops & Services
14,757 visits/mo
0.3 miles
Jack in the Box
Dining
13,543 visits/mo
0.3 miles
Dollar Tree
Shops & Services
10,541 visits/mo
0.2 miles
Demographics for 63139, MO
21,971
Population
12,187
Households
1.8
Avg Household Size
38
Median Age
49%
College-Educated
96%
High-School Grad
3.8 sq mi
ZIP Area
5,782
Density / Sq Mi
$74,749
Median Household Income
$52,298
Median Earnings
$1,086
Median Rent
$199,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Tom Bess Automotive Inc — 4922 Macklind Ave, St. Louis, MO 63109
- Darwish Auto Sales and Repairs — 4676 Lansdowne Ave, St. Louis, MO 63109
- SM Wrap Tint and Detailing — 4676 Lansdowne Ave, St. Louis, MO 63116
- Morganford Auto Care LLC — 4521 Morgan Ford Rd, St. Louis, MO 63116
- Cheap Car Insurance St. Louis — 4330 s kingshighway blvd, st. louis, mo 63109
Frequently Asked Questions
What type of property is this?
Auto shop - Car dealership with auto repair in Tower Grove South.
Where is this auto shop located?
The property is located at 3500 S Kingshighway Blvd Saint Louis, MO.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Signalized intersection location with high visibility.; High traffic volume: 30,000 Vehicles Per Day (V.P.D.) on Kingshighway.; Zoned "G" (local commercial and office district) offering development opportunities.
