Highway Frontage Property with
For Sale
Contact for pricing
803 E Terra Ln, O Fallon, MO
Residential property with large garage, potential commercial use.
Property Size1,800 SF
Lot Size4.23 Acres
Price / SF$444.44
Days on Market349
Property Features for 803 E Terra Ln
General Information
Standard status
Active
Size
1,800 SF
Lot size
4.23 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Mo Realty
(314) 650-2836
Listed By:
Steve Roth · License #1999114186
(314) 650-2836
Source:
Moodyscre
Added: Sep 18, 2025
Changed: Aug 9
Last Checked: Aug 31 at 2:40AM
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 Mo Realty
Investment Insights
Based on property information with market context.
This property features a house with over 1500 square feet, including a basement, four bedrooms, two full baths, and two half baths. It also includes an oversized, heated four-car garage with water, spanning 1800 square feet. The property is situated on 1.6 acres of flat land with highway frontage on Highway 70, providing easy access. The property is currently zoned residential but offers potential for commercial use, such as a used car lot or a construction company, due to its ample storage space. It presents a rental opportunity.
Key Highlights
- Oversized 4‑car garage (1800 sq ft) with heat and water.
- 1.6 acres of flat land.
- Highway frontage on Highway 70 with easy access.
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
$33,347
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
4.17%
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%
$666,940
$666.9K
Cap Rate 7%
$476,386
$476.4K
Cap Rate 9%
$370,522
$370.5K
Market Conditions
NOI Build-Up for 1,800 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
$40.8K $22.68/SF
− Vacancy
−$1.6K −$0.88/SF
EGI
$39.2K $21.80/SF
− OpEx
−$5.9K −$3.27/SF
NOI
$33.3K $18.53/SF
Area
St. Charles County, MO
Vacancy
3.90%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
15.00%
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%
$666,940
Cap Rate 7%
$476,386
Cap Rate 9%
$370,522
Alternative Uses
Best Use
Warehouse
$476.4K
$416.8K – $555.8K
NOI $33,347 @ 7.0% cap · market cap 4.17%
Second Best
Industrial
$392.3K
$343.3K – $457.7K
NOI $27,462 @ 7.0% cap · market cap 3.43%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
385
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
- U-Haul Neighborhood Dealer — 509 Sonderen St, O'Fallon, MO 63366
- Warranty Quotes Direct — 204 st matthew ave, o'fallon, mo 63366
Frequently Asked Questions
What type of property is this?
Parking lot & garage - Residential property with large garage, potential commercial use.
Where is this parking lot & garage located?
The property is located at 803 E Terra Ln O Fallon, MO.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Oversized 4‑car garage (1800 sq ft) with heat and water.; 1.6 acres of flat land.; Highway frontage on Highway 70 with easy access.
