Five-Bay Auto
For Sale
Contact for pricing
8600 GRAVOIS RD, Saint Louis, MO 63123
Equipped automotive facility with customer areas, restroom, and front parking.
Property Size3,375 SF
Price / SF$146.67
Days on Market11
Property Features for 8600 GRAVOIS RD
General Information
Standard status
Active
Size
3,375 SF
Property subtype
RETAIL
Additional Details
Service Bays
5
Listing Agency:
Realty Exchange
(636) 633-9432
Listed By:
Tyler Schwartz · License #2023045052
(636) 633-9432
Source:
Moodyscre
Added: Aug 21
Changed: Aug 28
Last Checked: Aug 30 at 11:55PM
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 Realty Exchange
Investment Insights
Based on property information with market context.
This 3,375-square-foot auto shop includes tools and equipment, five vehicle lifts, and five bay doors. The facility also provides customer-facing areas with a bathroom, supporting both service operations and visitor use. A front parking lot is included with the property.
Located at 8600 Gravois Road in Saint Louis, Missouri, the property combines a dedicated automotive layout with existing operational improvements. The included equipment and multi-bay configuration provide a functional foundation for continued automotive service use.
Located at 8600 Gravois Road in Saint Louis, Missouri, the property combines a dedicated automotive layout with existing operational improvements. The included equipment and multi-bay configuration provide a functional foundation for continued automotive service use.
Key Highlights
- 3,375‑square‑foot automotive facility
- Five vehicle lifts and five bay doors
- Tools and equipment included
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
$45,401
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
9.17%
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%
$908,020
$908.0K
Cap Rate 7%
$648,586
$648.6K
Cap Rate 9%
$504,456
$504.5K
Market Conditions
NOI Build-Up for 3,375 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
$75.3K $22.32/SF
− Vacancy
−$10.5K −$3.10/SF
EGI
$64.9K $19.22/SF
− OpEx
−$19.5K −$5.77/SF
NOI
$45.4K $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%
$908,020
Cap Rate 7%
$648,586
Cap Rate 9%
$504,456
Alternative Uses
Best Use
Retail
$648.6K
$567.5K – $756.7K
NOI $45,401 @ 7.0% cap · market cap 9.17%
Second Best
Industrial
$191.1K
$167.2K – $223.0K
NOI $13,379 @ 7.0% cap · market cap 2.70%
Theoretical Best
Office A
$724.3K
$633.8K – $845.1K
NOI $50,703 @ 7.0% cap · market cap 10.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Service bays
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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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 - Equipped automotive facility with customer areas, restroom, and front parking.
Where is this auto shop located?
The property is located at 8600 GRAVOIS RD Saint Louis, MO.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 3,375‑square‑foot automotive facility; Five vehicle lifts and five bay doors; Tools and equipment included
