Warehouse Space For
For Sale
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3502 Interstate 70 Dr Se, Columbia, MO 65201
Standalone building with warehouse space, ideal for contractors.
Property Size1,980 SF
Price / SF$189.39
Days on Market1056
Property Features for 3502 Interstate 70 Dr Se
General Information
Standard status
Active
Size
1,980 SF
Property subtype
Industrial, Office
Zoning
M-C
Lease Type
Gross
Building Details
Tenancy
Single
Listing Agency:
Maly Commercial Realty, Inc.
Listed By:
Mel Zelenak · License #MO 2008030494
Source:
Crexi
Added: Oct 12, 2023
Changed: Aug 17
Last Checked: Aug 31 at 2:42PM
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 Maly Commercial Realty, Inc.
Investment Insights
Based on property information with market context.
This standalone building offers warehouse space suitable for various purposes. The property is ideal for contractors or lawncare providers. The property has a size of 1980 square feet.
Key Highlights
- Standalone Building
- Warehouse Space
- Ideal for Contractor
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
$21,489
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
5.73%
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%
$429,780
$429.8K
Cap Rate 7%
$306,986
$307.0K
Cap Rate 9%
$238,767
$238.8K
Market Conditions
NOI Build-Up for 1,980 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
$26.6K $13.44/SF
− Vacancy
−$1.3K −$0.67/SF
EGI
$25.3K $12.77/SF
− OpEx
−$3.8K −$1.92/SF
NOI
$21.5K $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%
$429,780
Cap Rate 7%
$306,986
Cap Rate 9%
$238,767
Alternative Uses
Best Use
Warehouse
$307.0K
$268.6K – $358.2K
NOI $21,489 @ 7.0% cap · market cap 5.73%
Second Best
Industrial
$252.8K
$221.2K – $294.9K
NOI $17,696 @ 7.0% cap · market cap 4.72%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 65201, MO
48,734
Population
21,239
Households
2.3
Avg Household Size
26
Median Age
54%
College-Educated
95%
High-School Grad
87.4 sq mi
ZIP Area
558
Density / Sq Mi
$46,177
Median Household Income
$18,709
Median Earnings
$1,078
Median Rent
$229,300
Median Home Value
Market
Vacancy Rate% for Office 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?
Flex space - Standalone building with warehouse space, ideal for contractors.
Where is this flex space located?
The property is located at 3502 Interstate 70 Dr Se Columbia, MO.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Standalone Building; Warehouse Space; Ideal for Contractor
