Freestanding Auto Shop with
For Sale
$445,000
609 N Christina Avenue, Union, MO 63084
Fenced commercial property offers repair-oriented improvements, office space, parking, and an auxiliary rented building.
Property Size3,000 SF
Days on Market12
Property Features for 609 N Christina Avenue
General Information
Standard status
Active
Size
3,000 SF
Total Parking Spaces
31
Property subtype
Commercial
Additional Details
Gross Income
$2,400
Fenced Yard
Yes
Drive-In Doors
3
Taxes and HOA fees
Annual Taxes
$2,687
Amenities
3 garage doors 12X12 ft
2 offices with HVAC
1 bath
3 air compressor lines
steel workbench with lighting and electric
spot for a lift
Building Details
Building Size
3,000 SF
Year Built
1953
Buildings
2
Stories
1
Listing Agency:
RE/MAX Results
(636) 239-3003
Listed By:
Janie Schriewer · License #1999117614
(636) 239-3003
Source:
Exit2newbeginningz
Added: Jul 31
Changed: Aug 11
Last Checked: Aug 10 at 3:23AM
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 RE/MAX Results
Investment Insights
Based on property information with market context.
This freestanding auto shop was built in 1953 and includes three garage doors measuring 12X12 ft, two offices with HVAC, and one bathroom. The building also has three air-compressor lines, a steel workbench with lighting and electrical service, and an area designated for a vehicle lift. A fenced yard provides space for vehicle storage and operations, with additional parking available on site and along the street.
The property at 609 N Christina Avenue in Union, MO includes 25 parking spaces for vehicles plus six additional spaces. An additional building accessed from the alley is currently rented, creating a separate functional component within the property. The layout supports automotive repair, detailing, vehicle storage, and related commercial uses identified in the property information.
The property at 609 N Christina Avenue in Union, MO includes 25 parking spaces for vehicles plus six additional spaces. An additional building accessed from the alley is currently rented, creating a separate functional component within the property. The layout supports automotive repair, detailing, vehicle storage, and related commercial uses identified in the property information.
Key Highlights
- Three 12X12 ft garage doors for automotive service or storage
- 25 vehicle parking spaces plus 6 additional spaces
- Fenced property with on‑street parking available
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
$28,246
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
6.35%
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%
$564,920
$564.9K
Cap Rate 7%
$403,514
$403.5K
Cap Rate 9%
$313,844
$313.8K
Market Conditions
NOI Build-Up for 3,000 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
$42.1K $14.04/SF
− Vacancy
−$1.8K −$0.59/SF
EGI
$40.4K $13.45/SF
− OpEx
−$12.1K −$4.04/SF
NOI
$28.2K $9.42/SF
Area
Franklin County, MO
Vacancy
4.20%
Lease Rate
$14.04 /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%
$564,920
Cap Rate 7%
$403,514
Cap Rate 9%
$313,844
Alternative Uses
Best Use
Retail
$403.5K
$353.1K – $470.8K
NOI $28,246 @ 7.0% cap · market cap 6.35%
Second Best
Industrial
$272.2K
$238.2K – $317.5K
NOI $19,052 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$883.2K
$772.8K – $1.03M
NOI $61,824 @ 7.0% cap · market cap 13.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
313
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 63084, MO
19,500
Population
8,511
Households
2.3
Avg Household Size
38
Median Age
21%
College-Educated
90%
High-School Grad
76.3 sq mi
ZIP Area
256
Density / Sq Mi
$72,332
Median Household Income
$42,327
Median Earnings
$852
Median Rent
$221,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Bolzenius Tire LLC — 301 Pine St, Union, MO 63084
- Rod's Muffler Center — 222 N Washington Ave, Union, MO 63084
- Window Tinting Guys of Union — 208 Franklin Ave, Union, MO 63084, United States
- Robinsons Auto — 701 N Washington Ave, Union, MO 63084
- A & K Auto Solutions — 408 Hoover Ave, Union, MO 63084
Frequently Asked Questions
What type of property is this?
Auto shop - Fenced commercial property offers repair-oriented improvements, office space, parking, and an auxiliary rented building.
Where is this auto shop located?
The property is located at 609 N Christina Avenue Union, MO.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Three 12X12 ft garage doors for automotive service or storage; 25 vehicle parking spaces plus 6 additional spaces; Fenced property with on‑street parking available
