Four-Bay Self-Service Car
For Sale
Contact for pricing
316 6th St, Boonville, MO 65233
Updated four-bay car wash with steady income for sale.
Property Size1,800 SF
Price / SF$75
Days on Market1208
Property Features for 316 6th St
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Retail
Occupancy
100%
Building Details
Stories
1
Tenancy
Single
Listing Agency:
Boulevard Realty LLC
Listed By:
John John · License #MO 1999055483
(573) 876-2880
Source:
Crexi
Added: May 17, 2023
Changed: Aug 23
Last Checked: Aug 30 at 10:02PM
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 Boulevard Realty LLC
Investment Insights
Based on property information with market context.
This property features a four-bay self-service car wash. Recent updates include new vacuums, a new water softener, and solar panels. The car wash generates steady income and operates using a combination of token and quarter-operated coin mechanisms. The property size is 1800 square feet.
Key Highlights
- Steady income
- 4 bay self‑service car wash
- New solar panels
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
$7,331
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
5.43%
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%
$146,620
$146.6K
Cap Rate 7%
$104,729
$104.7K
Cap Rate 9%
$81,456
$81.5K
Market Conditions
NOI Build-Up for 1,800 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
$9.9K $5.52/SF
− Vacancy
−$161 −$0.09/SF
EGI
$9.8K $5.43/SF
− OpEx
−$2.4K −$1.36/SF
NOI
$7.3K $4.07/SF
Area
Cooper County, MO
Vacancy
1.62%
Lease Rate
$5.52 /SF/Yr
Expense Ratio
25.00%
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%
$146,620
Cap Rate 7%
$104,729
Cap Rate 9%
$81,456
Alternative Uses
Best Use
Industrial
$229.8K
$201.1K – $268.1K
NOI $16,088 @ 7.0% cap · market cap 11.92%
Second Best
Specialty Retail
$104.7K
$91.6K – $122.2K
NOI $7,331 @ 7.0% cap · market cap 5.43%
Theoretical Best
Warehouse
$279.1K
$244.2K – $325.6K
NOI $19,535 @ 7.0% cap · market cap 14.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
365
Businesses Nearby
Explore this area
Business Placement
Demographics for 65233, MO
11,472
Population
4,622
Households
2.5
Avg Household Size
41
Median Age
26%
College-Educated
90%
High-School Grad
141.9 sq mi
ZIP Area
81
Density / Sq Mi
$64,333
Median Household Income
$38,608
Median Earnings
$807
Median Rent
$206,000
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.
Frequently Asked Questions
What type of property is this?
Self service car wash - Updated four-bay car wash with steady income for sale.
Where is this self service car wash located?
The property is located at 316 6th St Boonville, MO.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: Steady income; 4 bay self‑service car wash; New solar panels
