Six-Bay Auto Service
New
For Sale
Contact for pricing
8511 Gravois Rd, Saint Louis, MO 63123
Commercial C-8 zoning and included equipment support continued automotive service operations.
Property Size4,222 SF
Price / SF$164.61
Days on Market5
Property Features for 8511 Gravois Rd
General Information
Standard status
Active
Size
4,222 SF
Total Parking Spaces
21
Property subtype
RETAIL
Zoning
C-8
Additional Details
Traffic Count
8,500 vehicles/day
Service Bays
6
Building Details
Buildings
1
Listing Agency:
Hilliker Corporation
(314) 781-0001
Listed By:
Jeff Price · License #2007002437
(314) 221-5836
Source:
Moodyscre
Added: Sep 22
Changed: Sep 24
Last Checked: Sep 24 at 2:26PM
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 Hilliker Corporation
Investment Insights
Based on property information with market context.
The auto service building contains 4,222 square feet and is configured with six service bays and five lifts. Equipment and stock are included in the sale, providing an existing service setup within the building. The property is zoned C-8 Commercial.
Located on Gravois Road in Saint Louis, the site records 8,500 vehicles per day and includes parking for 21 cars. The business has served more than 11,000 customers over its operating history.
Located on Gravois Road in Saint Louis, the site records 8,500 vehicles per day and includes parking for 21 cars. The business has served more than 11,000 customers over its operating history.
Key Highlights
- 4,222‑square‑foot auto service building
- Six auto bays and five lifts
- Equipment and stock included in the sale
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
$56,795
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
8.17%
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%
$1,135,900
$1.1M
Cap Rate 7%
$811,357
$811.4K
Cap Rate 9%
$631,056
$631.1K
Market Conditions
NOI Build-Up for 4,222 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
$94.2K $22.32/SF
− Vacancy
−$13.1K −$3.10/SF
EGI
$81.1K $19.22/SF
− OpEx
−$24.3K −$5.77/SF
NOI
$56.8K $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%
$1,135,900
Cap Rate 7%
$811,357
Cap Rate 9%
$631,056
Alternative Uses
Best Use
Retail
$811.4K
$709.9K – $946.6K
NOI $56,795 @ 7.0% cap · market cap 8.17%
Second Best
Industrial
$239.1K
$209.2K – $279.0K
NOI $16,737 @ 7.0% cap · market cap 2.41%
Theoretical Best
Office A
$906.1K
$792.9K – $1.06M
NOI $63,428 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
6
Service bays
8,500 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
324
Businesses Nearby
61k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 94%
Dining 6%
QuikTrip
Shops & Services
30,786 visits/mo
0.4 miles
Family Dollar
Shops & Services
10,304 visits/mo
0.1 miles
Circle K
Shops & Services
8,630 visits/mo
0.4 miles
Phillips 66
Shops & Services
7,947 visits/mo
0.1 miles
Domino's Pizza
Dining
2,415 visits/mo
0.2 miles
Demographics for 63123, MO
50,989
Population
23,208
Households
2.2
Avg Household Size
41
Median Age
36%
College-Educated
92%
High-School Grad
12.5 sq mi
ZIP Area
4,079
Density / Sq Mi
$74,187
Median Household Income
$43,458
Median Earnings
$987
Median Rent
$205,300
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
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Similar Off Market Nearby
- Union Weber Autocare — 645 Union Rd, St. Louis, MO 63123
- RICHSCYCLECENTER.COM Amazon — 9500 Gravois Rd, Affton, MO 63123
- Affordable Tire & Auto Repair — 9350 Gravois Rd, Affton, MO 63123
- Quick fix auto mobile mechanic — Weber Rd, St. Louis, MO 63123
- Telle Tire & Auto Centers Affton — 9000 Gravois Rd, Affton, MO 63123
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial C-8 zoning and included equipment support continued automotive service operations.
Where is this auto shop located?
The property is located at 8511 Gravois Rd Saint Louis, MO.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 4,222‑square‑foot auto service building; Six auto bays and five lifts; Equipment and stock included in the sale
