27,000 SF Strip
For Sale
Contact for pricing
5695 Clark Ln, Columbia, MO 65202
27,000 SF strip mall with shell space available.
Property Size27,000 SF
Price / SF$98.15
Days on Market1662
Property Features for 5695 Clark Ln
General Information
Standard status
Active
Size
27,000 SF
Class
C
Property subtype
Retail
Zoning
C-GP Planned Commercial
Occupancy
50%
Lease Type
Modified Gross
Investment Type
Value Add
Building Details
Year Built
2005
Buildings
1
Stories
1
Units
15
Tenancy
Multi
Listing Agency:
Boulevard Realty LLC
(573) 876-2880
Listed By:
John John · License #MO 1999055483
Source:
Crexi
Added: Feb 2, 2022
Changed: Aug 13
Last Checked: Aug 21 at 4:05AM
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 Boulevard Realty LLC
Investment Insights
Based on property information with market context.
This commercial property is a 27,000 square foot strip mall. Approximately 50% of the space is currently in shell form. The property is located off I-70 at Exit 131, north to the roundabout with Clark Lane, and has a direct entrance from the roundabout at Lakeview Mall. Most of the current tenants are operating on month-to-month leases.
Key Highlights
- 27,000 sq. ft. Strip Mall
- Located at I‑70 Exit 131
- Direct entrance from round‑about near Lakeview Mall
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
$102,638
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
3.87%
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%
$2,052,760
$2.1M
Cap Rate 7%
$1,466,257
$1.5M
Cap Rate 9%
$1,140,422
$1.1M
Market Conditions
NOI Build-Up for 27,000 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
$149.0K $5.52/SF
− Vacancy
−$2.4K −$0.09/SF
EGI
$146.6K $5.43/SF
− OpEx
−$44.0K −$1.63/SF
NOI
$102.6K $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%
$2,052,760
Cap Rate 7%
$1,466,257
Cap Rate 9%
$1,140,422
Alternative Uses
Best Use
Retail
$1.47M
$1.28M – $1.71M
NOI $102,638 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$4.19M
$3.66M – $4.88M
NOI $293,026 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
129
Businesses Nearby
64k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 39%
Shops & Services 31%
Dining 25%
Hotels & Casinos 5%
Schnucks
Groceries
25,053 visits/mo
0.3 miles
Phillips 66
Shops & Services
17,174 visits/mo
0.3 miles
SONIC Drive In
Dining
9,357 visits/mo
0.2 miles
Las Margaritas
Dining
6,383 visits/mo
0.3 miles
O'Reilly Auto Parts
Shops & Services
2,592 visits/mo
0.2 miles
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 Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - 27,000 SF strip mall with shell space available.
Where is this strip mall located?
The property is located at 5695 Clark Ln Columbia, MO.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: 27,000 sq. ft. Strip Mall; Located at I‑70 Exit 131; Direct entrance from round‑about near Lakeview Mall
