Free-Standing Drive-Through
For Sale
Contact for pricing
3640 Harvester Road, St Peters, MO 63303
Compact free-standing restaurant building with former drive-in infrastructure and strong visibility along Harvester Road.
Property Size1,232 SF
Price / SF$430.19
Days on Market110
Property Features for 3640 Harvester Road
General Information
Standard status
Active
Size
1,232 SF
Property subtype
RETAIL
Listing Agency:
Realty Exchange Commercial Group
(314) 647-2220
Listed By:
Ken Wedberg
(314) 374-6670
Source:
Moodyscre
Added: May 27
Changed: Sep 7
Last Checked: Sep 13 at 11:56AM
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 Realty Exchange Commercial Group
Investment Insights
Based on property information with market context.
This free-standing restaurant building offers a compact, efficient layout totaling 1,232 square feet, suited for quick-service operations. The property is a former Sonic Drive-In and includes existing drive-in infrastructure, supporting an adaptable restaurant configuration.
The building benefits from strong visibility along Harvester Road with consistent daily traffic, providing solid exposure for passing customers.
As a standalone site with drive-through capabilities already in place, the property is positioned for a restaurant tenant seeking a functional footprint without starting from scratch.
The building benefits from strong visibility along Harvester Road with consistent daily traffic, providing solid exposure for passing customers.
As a standalone site with drive-through capabilities already in place, the property is positioned for a restaurant tenant seeking a functional footprint without starting from scratch.
Key Highlights
- 1,232 SF free‑standing restaurant building with a compact, efficient layout for quick‑service concepts
- Former Sonic Drive‑In with existing drive‑in infrastructure and an adaptable restaurant configuration
- Strong visibility along Harvester Road with consistent daily traffic
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
$22,449
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
4.24%
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%
$448,980
$449.0K
Cap Rate 7%
$320,700
$320.7K
Cap Rate 9%
$249,433
$249.4K
Market Conditions
NOI Build-Up for 1,232 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
$31.3K $25.44/SF
− Vacancy
−$1.4K −$1.14/SF
EGI
$29.9K $24.30/SF
− OpEx
−$7.5K −$6.07/SF
NOI
$22.4K $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%
$448,980
Cap Rate 7%
$320,700
Cap Rate 9%
$249,433
Alternative Uses
Best Use
Specialty Retail
$320.7K
$280.6K – $374.2K
NOI $22,449 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$326.1K
$285.3K – $380.4K
NOI $22,824 @ 7.0% cap · market cap 4.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
440
Businesses Nearby
48k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 82%
Dining 18%
QuikTrip
Shops & Services
33,044 visits/mo
0.3 miles
Freddy's Frozen Custard & Steakburgers
Dining
8,459 visits/mo
0.4 miles
Valvoline Instant Oil Change
Shops & Services
3,471 visits/mo
0.4 miles
Advance Auto Parts
Shops & Services
1,680 visits/mo
0.3 miles
American Cleaners
Shops & Services
1,330 visits/mo
0.3 miles
Demographics for 63303, MO
47,292
Population
21,448
Households
2.2
Avg Household Size
41
Median Age
50%
College-Educated
96%
High-School Grad
19.8 sq mi
ZIP Area
2,388
Density / Sq Mi
$98,031
Median Household Income
$58,782
Median Earnings
$1,329
Median Rent
$301,700
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Compact free-standing restaurant building with former drive-in infrastructure and strong visibility along Harvester Road.
Where is this drive through restaurant located?
The property is located at 3640 Harvester Road St Peters, MO.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: 1,232 SF free‑standing restaurant building with a compact, efficient layout for quick‑service concepts; Former Sonic Drive‑In with existing drive‑in infrastructure and an adaptable restaurant configuration; Strong visibility along Harvester Road with consistent daily traffic
