Kingshighway Car Dealership
For Sale
Contact for pricing
3500 S Kingshighway Blvd St., Saint Louis, MO 63139
Car dealership with auto repair in Tower Grove South.
Property Size10,041 SF
Lot Size0.78 Acres
Price / SF$134.45
Days on Market730
Property Features for 3500 S Kingshighway Blvd St.
General Information
Standard status
Active
Size
10,041 SF
Lot size
0.78 Acres
Property subtype
Land
Zoning
G - Local Commercial and Office District
Listing Agency:
Manor Real Estate
Listed By:
Ben Cherry, CCIM · License #MO 2006018085
(314) 647-6611
Source:
Crexi
Added: Sep 8, 2024
Changed: Aug 22
Last Checked: Sep 7 at 12:20PM
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 Manor Real Estate
Investment Insights
Based on property information with market context.
This property features a 0.78-acre parcel improved with two buildings. One building measures 1,723 square feet, while the other is a 10,041-square-foot showroom and auto repair building. Currently used as a car dealership with auto repair services, the property is zoned "G" (local commercial and office district). The location at a signalized intersection, combined with three curb cuts on the north, west, and south sides, presents a development opportunity. The property benefits from a traffic volume of 30,000 vehicles per day on Kingshighway. Situated in South St. Louis within the Tower Grove South neighborhood, the property is located at the intersection of Kingshighway and Oleatha.
Key Highlights
- Signalized intersection location with high visibility.
- High traffic volume: 30,000 Vehicles Per Day (V.P.D.) on Kingshighway.
- Zoned "G" (local commercial and office district) offering development opportunities.
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
$39,805
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
2.95%
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%
$796,100
$796.1K
Cap Rate 7%
$568,643
$568.6K
Cap Rate 9%
$442,278
$442.3K
Market Conditions
NOI Build-Up for 10,041 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
$59.5K $5.93/SF
− Vacancy
−$2.7K −$0.27/SF
EGI
$56.9K $5.66/SF
− OpEx
−$17.1K −$1.70/SF
NOI
$39.8K $3.96/SF
Area
St. Louis County, MO
Vacancy
4.50%
Lease Rate
$5.93 /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%
$796,100
Cap Rate 7%
$568,643
Cap Rate 9%
$442,278
Alternative Uses
Best Use
Retail
$1.93M
$1.69M – $2.25M
NOI $135,074 @ 7.0% cap · market cap 10.01%
Second Best
Industrial
$568.6K
$497.6K – $663.4K
NOI $39,805 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$2.15M
$1.89M – $2.51M
NOI $150,848 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
614
Businesses Nearby
99k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 77%
Hotels & Casinos 14%
Dining 8%
Home Improvements & Furnishings 1%
QuikTrip
Shops & Services
53,947 visits/mo
0.4 miles
Mobil
Shops & Services
18,416 visits/mo
0.5 miles
Drury Inn & Suites St. Louis Forest Park
Hotels & Casinos
13,363 visits/mo
0.5 miles
Crazy Bowls & Wraps
Dining
4,382 visits/mo
0.2 miles
Wingstop
Dining
3,442 visits/mo
0.3 miles
Demographics for 63139, MO
21,971
Population
12,187
Households
1.8
Avg Household Size
38
Median Age
49%
College-Educated
96%
High-School Grad
3.8 sq mi
ZIP Area
5,782
Density / Sq Mi
$74,749
Median Household Income
$52,298
Median Earnings
$1,086
Median Rent
$199,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- White Front Services — 3401 Watson Rd, St. Louis, MO 63139
- Haas Auto Repair — 3316 watson rd, st. louis, mo 63139
- Hartmann's Auto Center Inc. / Towing — 3301 sublette ave, st. louis, mo 63139
- Hartmann's Auto Center & Wrecker — 3301 Sublette Ave, St. Louis, MO 63139
- Jackson's Master Auto Repair — 6501 Fyler Ave, St. Louis, MO 63139
Frequently Asked Questions
What type of property is this?
Auto shop - Car dealership with auto repair in Tower Grove South.
Where is this auto shop located?
The property is located at 3500 S Kingshighway Blvd St. Saint Louis, MO.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Signalized intersection location with high visibility.; High traffic volume: 30,000 Vehicles Per Day (V.P.D.) on Kingshighway.; Zoned "G" (local commercial and office district) offering development opportunities.
