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    500 Keene St Columbia, MO 65201

    Sponsored
    For Sale
    $1,792,885

    Five Medical Suites, Prime Location

    Property size:
    718 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents five Class A medical office condos totaling 9,086 square feet, situated on the second floor of a four-story building at 500 N. Keene St., Columbia, MO. The property, built in 2001, offers a total of 18 condominiums within a 4.37-acre lot and boasts 200 parking spaces. These five contiguous suites (202, 204, 205, 206, and 207) are available for sale as a package for $1,792,885, representing 15% of the building's rentable space. Each suite offers unique layouts and sizes, ranging from 718 to 3,761 square feet, catering to various medical practices. The building enjoys a 41% occupancy rate, with the University of Missouri as a significant tenant, leasing 35% of the space and owning an additional 40%. The remaining space is occupied by private practitioners specializing in ophthalmology, optometry, and medical oncology. All suites are currently available for lease to medical practitioners, with lease terms on a NNN basis. The building features convenient access to the adjacent University of Missouri Women's Hospital, elevator and stairwell access, and ample parking. Annual rent bumps are set at 1%. The property is zoned M-OF Mixed Use - Office, offering flexibility for future development. This fee-simple ownership opportunity provides a strong return on investment in a thriving medical district. Individual suite pricing and lease rates vary.

    Property Features for 500 Keene St

    General Information

    Property type
    Medical offices
    Square Feet
    718 SF
    Class
    A
    Lot Size
    190,357 SF

    Building Details

    Year Built
    2001
    Buildings
    1
    Stories
    4
    Units
    5

    HighLights

    • Five second‑floor condos, totaling 9,086 square feet (15% of rentable space), available for sale or lease; asking price: $1,792,885.
    • Medical practitioner tenants preferred.
    • Virtual tours available at www.MaherCre.com under OfficeOfferings.
    • Contact broker for in‑person showing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Keene Medical Building Medical Clinic Weight Management and Metabolic ... Weight Loss Service Female Continence and Advanced ... Medical Clinic Dr Danny Schust, ... Reproductive Health Clinic Dr Shvetha Zarek, ... Fertility Physician

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Boone
    State
    Missouri
    Longitude
    -92.2880243
    Latitude
    38.9581227

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    FAQs

    What type of property is this?
    Medical office - Five Medical Suites, Prime Location
    Where is this medical office located?
    The property is located at 500 Keene St Columbia, MO.
    What is the asking price?
    The asking price for this property is $1,792,885.
    What are key features of this property?
    This property features: Five second-floor condos, totaling 9,086 square feet (15% of rentable space), available for sale or lease; asking price: $1,792,885.; Medical practitioner tenants preferred.; Virtual tours available at www.MaherCre.com under OfficeOfferings.
    Request Owner's contact information
    500 Keene St Columbia, MO 65201
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    Columbia, MO 65201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    500 Keene St Columbia, MO 65201
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