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    & Olivet Richland Rd Columbia, MO 65203

    For Sale
    Contact for pricing

    6 Acres, Mixed-Use Potential, $4/SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 6-acre commercial land parcel presents a unique investment opportunity in Columbia, Missouri. Located at the hard corner of Richland Rd & Olivet, in Boone County (zip code 65203), this property boasts a highly desirable location. Currently zoned M-N (Mixed-use Neighborhood), this zoning is pending approval, making it ideal for a variety of commercial developments. The site's strategic position just north of the Old Hawthorne subdivision, a large residential area with over 2,000 lots, ensures high visibility and accessibility to a substantial customer base. The expansive lot size offers ample space for significant development projects. Priced competitively at only $4 per square foot, this land represents an exceptional value for developers seeking a prime location with significant growth potential. The property's latitude and longitude coordinates are 38.9538484 and -92.3714428 respectively. This is a rare opportunity to acquire a substantial commercial land parcel in a thriving area of Columbia, poised for significant future development. Don't miss this chance to secure a prime piece of real estate in a rapidly growing market.

    Property Features for & Olivet Richland Rd

    General Information

    Property type
    Land
    Lot Size
    261,360 SF

    HighLights

    • Rezoning pending to M‑n (Mixed‑use Neighborhood), ideal for this hard corner, north of Old Hawthorne Subdivision.
    • Over 2,000 residential lots nearby, prime development location.
    • $4/SF, priced to sell.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Columbia
    County
    Boone
    State
    Missouri
    Longitude
    -92.3714428
    Latitude
    38.9538484

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    FAQs

    What type of property is this?
    Land - 6 Acres, Mixed-Use Potential, $4/SF
    Where is this land located?
    The property is located at & Olivet Richland Rd Columbia, MO.
    What are key features of this property?
    This property features: Rezoning pending to M-n (Mixed-use Neighborhood), ideal for this hard corner, north of Old Hawthorne Subdivision.; Over 2,000 residential lots nearby, prime development location.; $4/SF, priced to sell.
    Request Owner's contact information
    & Olivet Richland Rd Columbia, MO 65203
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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
    & Olivet Richland Rd Columbia, MO 65203
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