Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3200 Penn Terrace Columbia, MO 65202

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail and office spaces for rent in Columbia, Missouri.

    Type:Retail, Office
    Property size:
    2,682 SF
    Added:
    Mar 7, 2026
    Days on Market:
    26
    Last Refresh:
    Mar 16 at 11:50 am

    Property Features for 3200 Penn Terrace

    General Information

    Standard status
    Active
    Size
    2,682 SF
    Property subtype
    Retail, Office

    Spaces For Lease

    at 3200 Penn Terrace Contact us

    We can help!

    Listing Contact
    Mike Grellner
    Mike Grellner

    Listing agent Mike Grellner License #2002031391

    Listing office Plaza Commercial Realty

    Listing date Mar 7, 2026

    Source Crexi

    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 Plaza Commercial Realty

    Overview

    Retail and Office Spaces Available

    This commercial property offers retail and office spaces for rent. There are two spaces available, ranging in size from 2,400 to 2,682 square feet.
    Location Intelligence

    Current Use by Public Records

    Central Design Group Architectural Designer El Jimador Mexican ... Restaurant Advanced Garden Supply Factory Diversified Property 24/7 Real Estate Agency Tower Loan Loan Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Boone
    State
    Missouri
    Longitude
    -92.2849542
    Latitude
    38.9658149

    Nearby Similar for Lease

    • Contact for pricing

      Columbia Center on Stadium

      303 Stadium Blvd, Unit 2ND, Columbia, MO 65203
      View Details
    • Contact for pricing

      Retail Space in Forum Shopping Center

      Retail space for lease in Columbia's Forum Shopping Center.
      1400 Forum Blvd, Columbia, MO
      View Details
    • Contact for pricing

      Columbia Office Space For Rent

      Office suite in central location with reception and conference rooms.
      302 Campusview Dr, Columbia, MO 65201
      View Details
    • Contact for pricing

      Retail/Office Space For Rent

      Retail or office space available for rent, 1,141 SqFt.
      2909 Falling Leaf Ct. (Suite C), Columbia, MO 65201
      View Details
    • Contact for pricing

      Single Tenant Office Space

      Office space available for single tenant occupancy.
      2201 W Nifong Blvd, Columbia, MO 65203
      View Details
    • $22/mo

      Modern Workspace Near Malls

      Office space in a retail hotspot, close to malls.
      303 N. Stadium Blvd. 2nd Floor, Columbia, MO 65203
      View Details
    • Contact for pricing

      Retail Space on Grindstone Parkway

      Retail space with high visibility and ample parking.
      1325 Grindstone Plaza Dr, Columbia, MO
      View Details
    • Contact for pricing

      Retail Space on Broadway

      Retail space with high visibility and easy access.
      2703 E Broadway, Columbia, MO
      View Details
    • $25/mo

      Retail Space in South Columbia

      Commercial space for rent in south Columbia, Missouri.
      3220 Bluff Creek Dr Ste 101, COLUMBIA, MO, 65201-3664
      View Details
    • Contact for pricing

      Commercial Space in South Columbia

      Commercial space available for rent in south Columbia, Missouri.
      3220 Bluff Creek Dr, Columbia, MO 65201
      View Details
    • Contact for pricing

      Downtown Columbia Retail Space

      Retail space available at a high-traffic downtown intersection.
      825 Elm St, Columbia, MO 65201
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office space for lease at 501 Fay St, Columbia.
      501 Fay St, Columbia, MO 65201
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail and office spaces for rent in Columbia, Missouri.
    Where is this retail space located?
    The property is located at 3200 Penn Terrace Columbia, MO.
    What are key features of this property?
    This property features: Retail spaces available, perfect for your business needs; Two spaces available, offering flexibility; Space sizes range from 2,400 SqFt to 2,682 SqFt, choose the ideal size
    (573) 445-1020 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mike Grellner
    Mike Grellner
    Real Estate License ID: 2002031391
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!