Property profile

8144 Old State Rte 21 Hillsboro, MO 63050

OFF-MARKET
Auto shops
Property ID
US48-3176388
588 SF 10.2 ac lot Built 1948
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property, located at 8144 Old State Route 21 in Hillsboro, Missouri, presents a unique investment opportunity. Spanning two acres of land, the property boasts a substantial building featuring two large shop/garage areas, each easily accessible via three automatic garage doors. The building also includes two separate offices, each with its own private entrance, providing flexibility for various business needs. Upstairs, a finished bonus area offers ample space for additional workspace, storage, or expansion. Three bathrooms are conveniently located throughout the building. Further enhancing the property's appeal are an existing alarm system, a newer refrigerator included in the sale, and extensive parking and outdoor space. The property benefits from excellent road frontage along Old Route 21, ensuring high visibility and accessibility. The expansive lot offers stunning views, adding to the property's overall desirability. Priced at $415,000, this property is brimming with potential for a wide range of commercial uses. Don't miss this chance to acquire a versatile and well-appointed commercial space in a desirable location.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1948
Construction WOOD FRAME
Total area 588 SF
Lot 10.2 ac (444,312 SF)
Zoning code CC-2
APN 07-7.0-36.0-0-000-061.
UPID US48-3176388

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

8144 Old State Rte 21 Hillsboro, MO 63050-1704
Hillsboro metro Census 700604 ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2023
6 recorded transactions
2023
Price N/A
2018
Price N/A
2011
Price N/A
2008
Price N/A
2007
Price N/A
1969
Price N/A

Zoning & alternative use

CC-2 · Hillsboro, MO

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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