Downtown Columbia Redevelopment
812 E Broadway, Columbia, MO 65201
For Sale
Contact for pricing
Prime location with income and value-add potential.
Property Size10,688 SF
Price / SF$106.66
Days on Market287
Property Features for 812 E Broadway
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Investment Type
Site & Location
Neighborhood
Building Details
Buildings
Stories
Tenancy
Listing Agency:
Maher Commercial Real Estate
Listed By:
Jack Maher III · License MO #2013011861
(573) 489-6860
Source:
Crexi
Added: Jan 27
Changed: Oct 25
Last Checked: Nov 8 at 6:25AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$40,629
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
378
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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.
