Downtown Columbia Redevelopment
For Sale
Contact for pricing
812 E Broadway, Columbia, MO 65201
Prime location with income and value-add potential.
Property Size10,688 SF
Price / SF$106.66
Days on Market196
Property Features for 812 E Broadway
General Information
Standard status
Active
Size
10,688 SF
Property subtype
Retail
Zoning
M-DT
Occupancy
33%
Investment Type
Owner/User
Building Details
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Maher Commercial Real Estate
(573) 489-6860
Listed By:
Jack Maher III · License #MO 2013011861
Source:
Crexi
Added: Jan 27
Changed: Aug 8
Last Checked: Aug 10 at 1:35PM
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 Maher Commercial Real Estate
Investment Insights
Based on property information with market context.
Located in the heart of Columbia's entertainment and dining district, this property on East Broadway offers premium visibility and exceptional foot traffic. The property benefits from an established cash flow from Broadway Brewery's basement lease, providing immediate income. There is a significant value-add opportunity with approximately 3,500 - 7,000 square feet of vacant space, presenting immediate upside potential for owner expansion, additional tenant income, or mixed-use conversion. Multiple configuration options allow buyers to occupy the main level while maintaining income from the basement tenant, or negotiate additional lease revenue. The property is located in Columbia's most walkable, amenity-rich neighborhood. The M-DT (Downtown Mixed-Use) zoning encourages dense, walkable development blending residential, commercial, office, and entertainment uses. Redevelopment opportunities include mixed-use conversion with residential apartments or boutique office space on the second floor while maintaining ground-level retail or restaurant. Other potential uses include a boutique hotel or short-term rental to capitalize on University of Missouri events, sports weekends, and downtown entertainment demand, creative office or co-working space, or flagship retail or restaurant. The property has 10,688 square feet of space.
Key Highlights
- Prime Downtown Columbia Location: High visibility on East Broadway in The District, offering exceptional foot traffic.
- Significant Value‑Add Opportunity: 3,500 - 7,000SF of vacant space for expansion or income.
- Immediate Income with Built‑In Tenant Base: Established cash flow from Broadway Brewery's basement lease.
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
$40,629
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
3.56%
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%
$812,580
$812.6K
Cap Rate 7%
$580,414
$580.4K
Cap Rate 9%
$451,433
$451.4K
Market Conditions
NOI Build-Up for 10,688 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
$59.0K $5.52/SF
− Vacancy
−$956 −$0.09/SF
EGI
$58.0K $5.43/SF
− OpEx
−$17.4K −$1.63/SF
NOI
$40.6K $3.80/SF
Area
Columbia, MO
Vacancy
1.62%
Lease Rate
$5.52 /SF/Yr
Expense Ratio
30.00%
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%
$812,580
Cap Rate 7%
$580,414
Cap Rate 9%
$451,433
Alternative Uses
Best Use
Retail
$580.4K
$507.9K – $677.2K
NOI $40,629 @ 7.0% cap · market cap 3.56%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.66M
$1.45M – $1.93M
NOI $115,995 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,606
Businesses Nearby
140k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 71%
Groceries 17%
Shops & Services 10%
Apparel 2%
Raising Cane's Chicken Fingers
Dining
57,295 visits/mo
0.3 miles
Schnucks
Groceries
23,609 visits/mo
0.3 miles
Taco Bell
Dining
17,937 visits/mo
0.4 miles
Chipotle Mexican Grill
Dining
6,051 visits/mo
0.2 miles
Bank of America
Shops & Services
4,747 visits/mo
0.1 miles
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 Retail 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?
Retail space - Prime location with income and value-add potential.
Where is this retail space located?
The property is located at 812 E Broadway Columbia, MO.
What is the asking price?
The asking price for this property is $1,140,000.
What are key features of this property?
This property features: Prime Downtown Columbia Location: High visibility on East Broadway in The District, offering exceptional foot traffic.; Significant Value‑Add Opportunity: **3,500 - 7,000SF of vacant space** for expansion or income.; Immediate Income with Built‑In Tenant Base: Established cash flow from Broadway Brewery's basement lease.
