Automotive Repair Building with
For Sale
Contact for pricing
828 Commercial Street, Marshfield, MO 65706
Former automotive shop with seven drive-in overhead doors, multiple lifts, compressors, exhaust ventilation, and office plus restrooms.
Property Size4,880 SF
Price / SF$92.19
Days on Market131
Property Features for 828 Commercial Street
General Information
Standard status
Active
Size
4,880 SF
Class
C
Property subtype
Retail, Industrial
Zoning
General Business District
Investment Type
Owner/User
Building Details
Year Built
1999
Year Renovated
2014
Buildings
1
Listing Agency:
Reece Commercial Real Estate
Listed By:
Sam Craft · License #2019042641
(417) 955-1232
Source:
Crexi
Added: Apr 27
Changed: Aug 31
Last Checked: Sep 1 at 10:09PM
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 Reece Commercial Real Estate
Investment Insights
Based on property information with market context.
Available as an exclusive offering, this former automotive building is equipped for vehicle repair and shop operations. The property includes FF&E such as three two-post lifts, one in-ground lift, two air compressors, exhaust ventilation, and twelve security cameras. Five exterior drive-in overhead doors are included: four 12x12 and one 13x14, and there are seven total drive-in overhead doors matching the work bays. Each drive-in door has a concrete approach.
The building provides approximately 200 square feet of office space, along with a public restroom and an employee restroom. Shop space, office, and mezzanine areas are serviced by forced air heating and cooling.
There is also stated potential to acquire the property without the two-post lifts, as well as potential for additional land.
The building provides approximately 200 square feet of office space, along with a public restroom and an employee restroom. Shop space, office, and mezzanine areas are serviced by forced air heating and cooling.
There is also stated potential to acquire the property without the two-post lifts, as well as potential for additional land.
Key Highlights
- Former automotive shop built in 1999 with seven work bays and seven drive‑in overhead doors
- Includes FF&E: three (3) two‑post lifts, one (1) in‑ground lift, and two (2) air compressors
- Exhaust ventilation plus forced air heating and cooling for shop space, office, and mezzanine
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
$36,317
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
8.07%
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%
$726,340
$726.3K
Cap Rate 7%
$518,814
$518.8K
Cap Rate 9%
$403,522
$403.5K
Market Conditions
NOI Build-Up for 4,880 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
$53.9K $11.04/SF
− Vacancy
−$2.0K −$0.41/SF
EGI
$51.9K $10.63/SF
− OpEx
−$15.6K −$3.19/SF
NOI
$36.3K $7.44/SF
Area
Webster County, MO
Vacancy
3.70%
Lease Rate
$11.04 /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%
$726,340
Cap Rate 7%
$518,814
Cap Rate 9%
$403,522
Alternative Uses
Best Use
Retail
$518.8K
$454.0K – $605.3K
NOI $36,317 @ 7.0% cap · market cap 8.07%
Second Best
Industrial
$223.6K
$195.6K – $260.9K
NOI $15,651 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$736.6K
$644.5K – $859.3K
NOI $51,559 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
220
Businesses Nearby
16k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Casey's General Store
Shops & Services
8,136 visits/mo
0.2 miles
Dollar General
Shops & Services
7,758 visits/mo
0.4 miles
Demographics for 65706, MO
15,784
Population
7,070
Households
2.2
Avg Household Size
40
Median Age
21%
College-Educated
91%
High-School Grad
180.0 sq mi
ZIP Area
88
Density / Sq Mi
$76,304
Median Household Income
$40,264
Median Earnings
$780
Median Rent
$234,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Carlson's Auto Body — 267 Oakridge Rd, Marshfield, MO 65706
- M&J automotive — 18180 MO-38, Marshfield, MO 65706
- Crawford Tire Shop — 332 S Pitts St, Marshfield, MO 65706
- Lumley's class act service center llc — 1648 turnbo, 317 Commercial St, Marshfield, MO 65706
- Cantrell's Truck & Auto Garage — 710 Commercial St, Marshfield, MO 65706
Frequently Asked Questions
What type of property is this?
Auto shop - Former automotive shop with seven drive-in overhead doors, multiple lifts, compressors, exhaust ventilation, and office plus restrooms.
Where is this auto shop located?
The property is located at 828 Commercial Street Marshfield, MO.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Former automotive shop built in 1999 with seven work bays and seven drive‑in overhead doors; Includes FF&E: three (3) two‑post lifts, one (1) in‑ground lift, and two (2) air compressors; Exhaust ventilation plus forced air heating and cooling for shop space, office, and mezzanine
