Automotive Repair and Body
For Sale
$650,000
890 W Springfield Road, Sullivan, MO 63080
Two shop buildings support mechanical service, paint, collision repair, and restoration operations.
Property Size5,250 SF
Lot Size1.22 Acres
Price / SF$123.81
Days on Market68
Property Features for 890 W Springfield Road
General Information
Standard status
Active
Size
5,250 SF
Total Parking Spaces
16
Lot size
1.22 Acres
Property subtype
Commercial
Automotive
Service Bays
9
Automotive Uses
auto repair, collision/body shop
Additional Details
Business Included
Yes
Real Estate Included
Yes
Taxes and HOA fees
Annual Taxes
$2,848
Building Details
Building Size
5,250 SF
Year Built
1994
Buildings
3
Stories
1
Listing Agency:
Coldwell Banker Reeves
(573) 468-4422
Listed By:
Cheryl Douglas
(314) 609-1296
Source:
Flowershomerealty
Added: Aug 18
Changed: Oct 23
Last Checked: Oct 23 at 1:27PM
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 Coldwell Banker Reeves
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Investment Insights
Based on property information with market context.
The offering combines an automotive business with its buildings, equipment, inventory, and supplies, except for the Harley motorcycle operation and its associated assets. The first building has 3 service bays, an office, and a bathroom, with 14-foot ceilings. The second contains 6 bays and 2 bathrooms, with 12-foot ceilings; it is used for paint, body, and restoration work. Included equipment includes 4 lifts, 5 air compressors, specialty tools, paint and mixing equipment, and 4 Ring cameras. A carport and two 10-by-20-foot Conex units are also included.
The property comprises two lots totaling 1.22 acres. An additional garage is on the Hilda Crow lot, which is zoned residential and used to store excess vehicles. During heavy rains, water drains across that lot from a storm sewer. The Springfield lot provides parking for approximately 14–16 vehicles. The buildings and lots may be purchased without the business. Scrap tires will be removed by the seller.
The property comprises two lots totaling 1.22 acres. An additional garage is on the Hilda Crow lot, which is zoned residential and used to store excess vehicles. During heavy rains, water drains across that lot from a storm sewer. The Springfield lot provides parking for approximately 14–16 vehicles. The buildings and lots may be purchased without the business. Scrap tires will be removed by the seller.
Key Highlights
- Two lots comprise 1.22 acres
- First shop: 3 bays, an office, a bathroom, and 14‑foot ceilings
- Second shop: 6 bays, 2 bathrooms, and 12‑foot ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,430
Cap Rate
7.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$988,600
$988.6K
Cap Rate 7%
$706,143
$706.1K
Cap Rate 9%
$549,222
$549.2K
Market Conditions
NOI Build-Up for 5,250 SF
Gross rent
$73.7K $14.04/SF
− Vacancy
−$3.1K −$0.59/SF
EGI
$70.6K $13.45/SF
− OpEx
−$21.2K −$4.04/SF
NOI
$49.4K $9.42/SF
Area
Franklin County, MO
Vacancy
4.20%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$988,600
Cap Rate 7%
$706,143
Cap Rate 9%
$549,222
Alternative Uses
Best Use
Retail
$706.1K
$617.9K – $823.8K
NOI $49,430 @ 7.0% cap · market cap 7.60%
Second Best
Industrial
$476.3K
$416.8K – $555.7K
NOI $33,341 @ 7.0% cap · market cap 5.13%
Theoretical Best
Office A
$1.55M
$1.35M – $1.80M
NOI $108,193 @ 7.0% cap · market cap 16.65%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
9
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
419
Businesses Nearby
6k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
6,478 visits/mo
0.5 miles
Demographics for 63080, MO
13,554
Population
6,460
Households
2.1
Avg Household Size
42
Median Age
19%
College-Educated
90%
High-School Grad
248.8 sq mi
ZIP Area
54
Density / Sq Mi
$60,862
Median Household Income
$42,679
Median Earnings
$863
Median Rent
$169,000
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- CJs Repair Shop LLC — 520 2nd St, Sullivan, MO 63080
- Hardy's Hot Rods and Auto Body — 890 W Springfield Rd, Sullivan, MO 63080
- Window Tinting Guys of Sullivan — 214 Miller St, Sullivan, MO 63080, United States
- Schmidt Auto Center — 750 S Service Rd W, Sullivan, MO 63080
- Tom Brown Auto Repair — 741 W Springfield Rd, Sullivan, MO 63080
Frequently Asked Questions
What type of property is this?
Auto shop - Two shop buildings support mechanical service, paint, collision repair, and restoration operations.
Where is this auto shop located?
The property is located at 890 W Springfield Road Sullivan, MO.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two lots comprise 1.22 acres; First shop: 3 bays, an office, a bathroom, and 14‑foot ceilings; Second shop: 6 bays, 2 bathrooms, and 12‑foot ceilings
