Self-Service Car Wash with 9
For Sale
$799,000
4110 Meramec St, Saint Louis, MO 63116
Self-service car wash on a corner lot with 9+ covered bays and hoses/vacuums, offered with redevelopment flexibility.
Property Size3,072 SF
Lot Size1.10 Acres
Price / SF$260.09
Days on Market175
Property Features for 4110 Meramec St
General Information
Standard status
Active
Size
3,072 SF
Lot size
1.10 Acres
Zoning
J
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Service Bays
9
Amenities
billboard income
Listing Agency:
Mueller & Neff, REALTORS
(314) 849-1444
Listed By:
Andrew Neff
(314) 956-6333
Source:
Exprealty
Added: Mar 17
Changed: Aug 20
Last Checked: Sep 7 at 2:10PM
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 Mueller & Neff, REALTORS
Investment Insights
Based on property information with market context.
This property operates as a self-service car wash on a 1.1+/- acre corner lot. The car wash includes a 3,072+/- SF building and 9+ individual covered wash bays, along with hoses/vacuums and a paved wash area designed for customer service. Additional income is referenced through a billboard on the property.
The site is located at a signalized intersection at the entrance to Bevo Mill, with convenient access to Gravois Ave, S. Grand, and I-55. The property is described as having strong visibility, frontage, and convenient connectivity within the St. Louis metro area.
The site is zoned “J” Industrial, with the remarks indicating it supports a wide range of commercial and light industrial uses, including automotive service, used car sales, contractor headquarters, equipment storage, and redevelopment. The current use provides in-place income, with the option to continue operating as a car wash or redevelop the property.
The site is located at a signalized intersection at the entrance to Bevo Mill, with convenient access to Gravois Ave, S. Grand, and I-55. The property is described as having strong visibility, frontage, and convenient connectivity within the St. Louis metro area.
The site is zoned “J” Industrial, with the remarks indicating it supports a wide range of commercial and light industrial uses, including automotive service, used car sales, contractor headquarters, equipment storage, and redevelopment. The current use provides in-place income, with the option to continue operating as a car wash or redevelop the property.
Key Highlights
- 1.1+ acre corner lot on Gravois at the entrance to Bevo Mill, at a signalized intersection
- Self‑service car wash with a 3,072+/- SF building and 9+ individual covered wash bays
- On‑site amenities include hoses/vacuums and a paved wash area
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
$41,325
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
5.17%
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%
$826,500
$826.5K
Cap Rate 7%
$590,357
$590.4K
Cap Rate 9%
$459,167
$459.2K
Market Conditions
NOI Build-Up for 3,072 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
$68.6K $22.32/SF
− Vacancy
−$9.5K −$3.10/SF
EGI
$59.0K $19.22/SF
− OpEx
−$17.7K −$5.77/SF
NOI
$41.3K $13.45/SF
Area
St. Louis County, MO
Vacancy
13.90%
Lease Rate
$22.32 /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%
$826,500
Cap Rate 7%
$590,357
Cap Rate 9%
$459,167
Alternative Uses
Best Use
Retail
$590.4K
$516.6K – $688.8K
NOI $41,325 @ 7.0% cap · market cap 5.17%
Second Best
Specialty Retail
$188.6K
$165.0K – $220.0K
NOI $13,202 @ 7.0% cap · market cap 1.65%
Theoretical Best
Office A
$659.3K
$576.9K – $769.2K
NOI $46,151 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
9
Service bays
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
773
Businesses Nearby
34k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 82%
Dining 18%
QuikTrip
Shops & Services
27,492 visits/mo
0.1 miles
Burger King
Dining
5,929 visits/mo
0.3 miles
Extra Space Storage
Shops & Services
335 visits/mo
0.1 miles
Demographics for 63116, MO
41,959
Population
22,394
Households
1.9
Avg Household Size
37
Median Age
37%
College-Educated
90%
High-School Grad
5.4 sq mi
ZIP Area
7,770
Density / Sq Mi
$60,193
Median Household Income
$42,012
Median Earnings
$946
Median Rent
$161,100
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 - Self-service car wash on a corner lot with 9+ covered bays and hoses/vacuums, offered with redevelopment flexibility.
Where is this self service car wash located?
The property is located at 4110 Meramec St Saint Louis, MO.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 1.1+ acre corner lot on Gravois at the entrance to Bevo Mill, at a signalized intersection; Self‑service car wash with a 3,072+/- SF building and 9+ individual covered wash bays; On‑site amenities include hoses/vacuums and a paved wash area
