Columbia Commercial Property For
For Sale
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901 Safari & 904-906 Rain Forest Pkwy, Columbia, MO 65202
Commercial property available for sale in Columbia, Missouri.
Property Size16,440 SF
Price / SF$130.78
Days on Market940
Property Features for 901 Safari & 904-906 Rain Forest Pkwy
General Information
Standard status
Active
Size
16,440 SF
Class
A
Property subtype
Retail, Office
Zoning
IG
Occupancy
100%
Lease Type
Gross
Investment Type
Stabilized
Building Details
Buildings
3
Tenancy
Multi
Listing Agency:
Plaza Commercial Realty
Listed By:
Mike Grellner · License #2002031391
(573) 445-1020
Source:
Crexi
Added: Feb 10, 2024
Changed: Aug 31
Last Checked: Sep 7 at 4:49AM
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
Investment Insights
Based on property information with market context.
This commercial property for sale in Columbia, Missouri, encompasses 16,440 square feet. The property is suitable for retail and office use, including other retail and office property types.
Key Highlights
- No property information was provided to analyze.
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
$62,495
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
2.91%
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%
$1,249,900
$1.2M
Cap Rate 7%
$892,786
$892.8K
Cap Rate 9%
$694,389
$694.4K
Market Conditions
NOI Build-Up for 16,440 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
$90.7K $5.52/SF
− Vacancy
−$1.5K −$0.09/SF
EGI
$89.3K $5.43/SF
− OpEx
−$26.8K −$1.63/SF
NOI
$62.5K $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%
$1,249,900
Cap Rate 7%
$892,786
Cap Rate 9%
$694,389
Alternative Uses
Best Use
Retail
$892.8K
$781.2K – $1.04M
NOI $62,495 @ 7.0% cap · market cap 2.91%
Second Best
Office B
$454.9K
$398.0K – $530.7K
NOI $31,843 @ 7.0% cap · market cap 1.48%
Theoretical Best
Warehouse
$2.55M
$2.23M – $2.97M
NOI $178,420 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
171
Businesses Nearby
Explore this area
Business Placement
Demographics for 65202, MO
48,239
Population
20,342
Households
2.4
Avg Household Size
35
Median Age
40%
College-Educated
93%
High-School Grad
141.3 sq mi
ZIP Area
341
Density / Sq Mi
$69,740
Median Household Income
$42,020
Median Earnings
$1,091
Median Rent
$202,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail property - Commercial property available for sale in Columbia, Missouri.
Where is this retail property located?
The property is located at 901 Safari & 904-906 Rain Forest Pkwy Columbia, MO.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: No property information was provided to analyze.
