New Self-Storage
For Sale
$4,945,000
711 N Fairview Rd, Columbia, MO 65203
New non-climate-controlled storage property with automated access, security cameras, and an on-site rental kiosk.
Property Size37,376 SF
Price / SF$132.30
Days on Market497
Property Features for 711 N Fairview Rd
General Information
Standard status
Active
Size
37,376 SF
Warehouse & Industrial
Warehouse Space
37,376 SF
Conditioned Warehouse
No
Self-Storage Units
528
Taxes and HOA fees
Annual Taxes
$858
Amenities
storage item vending machine
HD Security cameras
OpenTech keypad access
automatic gate
self-serve rental electronic touchscreen
Argus 3rd party management
StoragePug website solutions
Building Details
Year Built
2025
Listing Agency:
Iron Gate Real Estate
(573) 999-0123
Listed By:
Laura Dooley
(573) 999-0123
Source:
Exprealty
Added: Apr 22, 2025
Changed: Aug 31
Last Checked: Aug 31 at 4:24AM
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 Iron Gate Real Estate
Investment Insights
Based on property information with market context.
Completed in 2025, this non-climate-controlled self-storage facility contains 37,376 rentable square feet and 528 portable units. Unit sizes can be adjusted from 4x8 to 8x20, allowing the mix to respond to leasing demand. The property is currently in lease-up and includes a storage item vending machine for additional revenue potential.
An on-site kiosk provides self-service rental functionality through an electronic touchscreen. Property systems include HD security cameras, OpenTech keypad entry, an automatic gate, Argus third-party management, and StoragePug website solutions. The facility currently has 8 KW of solar power supplying electricity, with an option for a 100 KW solar farm. The property is located at 711 N Fairview Rd in Columbia, Missouri.
An on-site kiosk provides self-service rental functionality through an electronic touchscreen. Property systems include HD security cameras, OpenTech keypad entry, an automatic gate, Argus third-party management, and StoragePug website solutions. The facility currently has 8 KW of solar power supplying electricity, with an option for a 100 KW solar farm. The property is located at 711 N Fairview Rd in Columbia, Missouri.
Key Highlights
- 37,376 rentable SF self‑storage facility completed in 2025
- 528 portable units with adjustable sizes from 4x8 to 8x20
- Non‑climate‑controlled facility currently in lease‑up
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
$405,634
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
8.20%
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%
$8,112,680
$8.1M
Cap Rate 7%
$5,794,771
$5.8M
Cap Rate 9%
$4,507,044
$4.5M
Market Conditions
NOI Build-Up for 37,376 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
$502.3K $13.44/SF
− Vacancy
−$25.1K −$0.67/SF
EGI
$477.2K $12.77/SF
− OpEx
−$71.6K −$1.92/SF
NOI
$405.6K $10.85/SF
Area
Columbia, MO
Vacancy
5.00%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
15.00%
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%
$8,112,680
Cap Rate 7%
$5,794,771
Cap Rate 9%
$4,507,044
Alternative Uses
Best Use
Warehouse
$5.79M
$5.07M – $6.76M
NOI $405,634 @ 7.0% cap · market cap 8.20%
Second Best
Self Storage
$3.09M
$2.71M – $3.61M
NOI $216,631 @ 7.0% cap · market cap 4.38%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
265
Businesses Nearby
Explore this area
Business Placement
Demographics for 65203, MO
59,712
Population
27,157
Households
2.2
Avg Household Size
36
Median Age
65%
College-Educated
97%
High-School Grad
74.7 sq mi
ZIP Area
799
Density / Sq Mi
$80,442
Median Household Income
$48,287
Median Earnings
$1,035
Median Rent
$319,100
Median Home Value
Market
Vacancy Rate% for Industrial 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 storage facility - New non-climate-controlled storage property with automated access, security cameras, and an on-site rental kiosk.
Where is this self storage facility located?
The property is located at 711 N Fairview Rd Columbia, MO.
What is the asking price?
The asking price for this property is $4,945,000.
What are key features of this property?
This property features: 37,376 rentable SF self‑storage facility completed in 2025; 528 portable units with adjustable sizes from 4x8 to 8x20; Non‑climate‑controlled facility currently in lease‑up
