Building Details

Building Size 3,900 SF

Year Built 2005

Buildings 1

Stories 1

Listing Agency: Wright Living Real Estate, LLC s***@yahoo.com Show Phone

Listed By: Susan Wright · License #1999108490 Show Phone

Source: Exit2newbeginningz

Added: Sep 3, 2025 Changed: Aug 30 Last Checked: Aug 30 at 12:38AM

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Investment Insights

Based on property information with market context.

Built in 2005, this automotive property combines 3,000 square feet of shop area with 900 square feet of office space. Four garage bays support service operations, including a newer larger bay with heated flooring. The office component includes a customer check-in area, a separate large office, a full bathroom, a kitchen and breakroom, plus flexible open space for storage or another office.

Located on US Highway 61, the property includes parking and fencing. Mini-split systems provide heating and cooling, while metal siding contributes to a low-maintenance exterior.

Key Highlights

• 3,000 square feet of shop area and 900 square feet of office space
• Four garage bays, including a newer larger bay with heated flooring
• Customer check‑in area, separate large office, and full bathroom

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

$62,292

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

5.19%

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%

$1,245,840 $1.2M

Cap Rate 7%

$889,886 $889.9K

Cap Rate 9%

$692,133 $692.1K

Market Conditions

NOI Build-Up for 3,900 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

$94.1K $24.12/SF

− Vacancy

−$5.1K −$1.30/SF

EGI

$89.0K $22.82/SF

− OpEx

−$26.7K −$6.85/SF

NOI

$62.3K $15.97/SF

Area

Jefferson County, MO

Vacancy

5.40%

Lease Rate

$24.12 /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%

$1,245,840

Cap Rate 7%

$889,886

Cap Rate 9%

$692,133

Alternative Uses

Best Use

Retail

$889.9K

$778.7K – $1.04M (±1% cap)

NOI $62,292 @ 7.0% cap · market cap 5.19%

Second Best

Industrial

$240.6K

$210.5K – $280.7K (±1% cap)

NOI $16,841 @ 7.0% cap · market cap 1.40%

Theoretical Best

Specialty Retail

$11.58M

$10.13M – $13.51M (±1% cap)

NOI $810,783 @ 7.0% cap · market cap 67.57%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

McCains Towing & Recovery Auto Repair Shop

Suggested Use

Top Pick Dental Office Real Estate Agency HVAC Service Parking Lot & Garage Law Firm Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Service bays

Yes

Fenced yard

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

90

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 63048, MO

4,219

Population

1,657

Households

2.5

Avg Household Size

39

Median Age

24%

College-Educated

93%

High-School Grad

3.6 sq mi

ZIP Area

1,172

Density / Sq Mi

$89,611

Median Household Income

$52,802

Median Earnings

$2,158

Median Rent

$216,300

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar Off Market Nearby

• Reuther Ford, Inc. Service — 1325 McNutt St, Herculaneum, MO 63048
• AutoCenters Nissan Service Center — 1277 McNutt St, Herculaneum, MO 63048
• Twin City Toyota Service Center — 301 Autumn Ridge Dr, Herculaneum, MO 63048
• Jefferson County Auto Repair — 1238 Commercial Blvd, Herculaneum, MO 63048
• McCains Towing & Recovery — 888 Commercial Blvd, Herculaneum, MO 63048

Frequently Asked Questions

What type of property is this?

Auto shop - Automotive facility combining dedicated service space, office areas, customer reception, parking, and perimeter fencing.

Where is this auto shop located?

The property is located at 888 Commercial Boulevard Herculaneum, MO.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: 3,000 square feet of shop area and 900 square feet of office space; Four garage bays, including a newer larger bay with heated flooring; Customer check‑in area, separate large office, and full bathroom