Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2855 Magnolia Ave St St. Louis, MO 63118

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Turnkey facility, excellent location.

    Property size:
    3,292 SF

    Property Features for 2855 Magnolia Ave St

    General Information

    Property type
    Automotive properties
    Square Feet
    3,292 SF
    Class
    B
    Lot Size
    11,326 SF

    Building Details

    Year Built
    1930
    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Eddie Cherry
    Eddie Cherry

    Listing Agency: Manor Real Estate Listing Agent: Eddie Cherry

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This turnkey auto body shop presents a rare opportunity for acquisition in St. Louis, Missouri. Located at 2855 Magnolia Ave, this 3,292 square foot facility sits on a 0.26-acre lot (APN 2077-00-0450-0) and is zoned for commercial use. The single-story, Class B building, constructed in 1930, underwent extensive renovations in 2015 and boasts a new roof installed in 2023. The property is fully air-conditioned and features seven drive-in doors, a customer waiting area, and a wealth of included fixtures, fittings, and equipment (FFE). This includes a paint booth, lifts, and a compressor, among other items. The asking price is $750,000, translating to $227.83 per square foot. Its prime South City location makes this a highly desirable property for an automotive operator seeking a well-equipped and established business. The property is currently vacant, offering immediate occupancy for the new owner. This is a unique opportunity to acquire a ready-to-operate auto body shop with significant recent improvements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Map

    City
    St. Louis
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.229756636345
    Latitude
    38.604888551065

    Nearby Similar for Sale

    • $315,000
      3,000 SF

      Carondelet Retail Building For Sale

      3,000 sq ft, renovated, prime location
      6022 Virginia Ave St, St. Louis, MO 63111
      View Details
    • $619,000
      11,900 SF

      St. Louis Industrial Warehouse

      11,900 SF Office/Warehouse, $619,000
      1247 Belgrove Dr St, St. Louis, MO 63137
      View Details
    • $550,000
      100,000 SF

      St. Louis Multi-Use Commercial Property

      100,000 SF Office & Warehouse, Owner Financing.
      4200 Un Blvd./5239 Brown Ave St, St. Louis, MO 63115
      View Details
    • $1,763,834
      2,750 SF

      St. Louis Jack in the Box NNN Lease

      High-return QSR investment; strong tenant.
      5600 Grand Blvd St, St. Louis, MO 63111
      View Details
    • $700,000
      8,750 SF

      St. Louis Commercial Building

      8,750 SF Auto Shop/Flex Space
      1401 Florissant Rd St, St. Louis, MO 63121
      View Details
    • $495,000
      34,000 SF

      St. Louis Executive Office/Warehouse

      Prime St. Louis location, 34,000 SF, $495,000
      2931 Jefferson Ave St, St. Louis, MO 63107
      View Details
    • $239,000
      1,409 SF

      Executive Office Suite, St. Louis

      Prime St. Louis Office, 1409 sq ft, $239k
      11 The Pne Ct #A St, St. Louis, MO 63141
      View Details
    • $1,200,000
      8,424 SF

      Prime St. Louis Mixed-Use Building

      Restaurant, Apartments & Office Space
      2001 Park Ave St, St. Louis, MO 63104
      View Details
    • $175,000
      2,400 SF

      St. Louis Church - $175,000

      2,400 SF Church, Great Price!
      3458 Minnesota Ave St, St. Louis, MO 63118
      View Details
    • $1,584,500
      2,625 SF

      Chouteau Ave Executive Office Suites

      St. Louis Executive Office Space For Sale
      1922-1926 Chouteau Ave St, St. Louis, MO 63103
      View Details
    • $799,000
      4,428 SF

      Downtown St. Louis Mixed-Use Building

      Prime Owner-User Restaurant/Office Opportunity
      318 8Th St, St. Louis, MO 63101
      View Details
    • $1,200,000
      17,000 SF

      Lemay Ferry Rd Creative Office Space

      St. Louis Office/Warehouse, Great Location!
      664 Lemay Fry Rd St, St. Louis, MO 63125
      View Details

    FAQs

    What type of property is this?
    Automotive property - Turnkey facility, excellent location.
    Where is this automotive property located?
    The property is located at 2855 Magnolia Ave St St. Louis, MO.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Turnkey auto body shop.; Furniture, fixtures, and equipment (FFE) included.; Seven drive-in doors and paint booth.
    (314) 647-6611 Call to check price and availability
    Request Owner's contact information
    2855 Magnolia Ave St St. Louis, MO 63118
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2855 Magnolia Ave St
    St. Louis, MO 63118
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2855 Magnolia Ave St St. Louis, MO 63118
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Eddie Cherry
    Eddie Cherry
    Real Estate License ID: 475204135
    (314) 647-6611 (314) 322-2510
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!