1935 Terra LnO'Fallon, MO 63366

Property Details for 1935 Terra Ln

Year built

1984

Lot size

1.00 AC

Property size (Sq ft)

11,875 SF

Zone code

AB3

Property type

Auto shops

APN

2-0056-S027-00-0001.7000000

APU

20056S0270000017000000

Description

This exceptional investment opportunity presents a 11,875 square foot, fully occupied auto shop located at 1935 E Terra Ln, O'Fallon, MO 63366, in St. Charles County. Currently operating under a net lease, the property boasts a strong 100% occupancy rate with a stable tenant holding a 5-year lease with a renewable option. The asking price is $1,400,000, translating to a price per square foot of $117.89. The current cap rate stands at 7.00%, with a pro-forma cap rate of 6.43%, and a pro-forma NOI of $90,000. This single-tenant retail property offers a secure investment with a proven track record of consistent rental income. The tenant demonstrates a history of reliable payments, making this a low-risk, high-reward opportunity for discerning investors. The property is being offered for sale by owner. Serious inquiries only, please do not disturb the tenant.

• CAP approach

  CAP return

  Valuation

  6%

  $4,670,271

  6.5%

  $4,311,019

  7%

  $4,003,089

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,332,953

  Geo Method

  $2,332,953

• Alternative Use

  Use

  Valuation

  Residential

  $3,636,506

  Hospitality

  $3,331,020

  Educational

  $2,771,370

  Medical

  $2,866,681

  Retail

  $4,311,019

Location Insight

City

O Fallon

County

St. Charles

State

Missouri

Latitude

38.8036

Longitude

-90.6686

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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