Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    500 Keene St Columbia, MO 65201

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Class A medical office suites available

    Lot size:
    76,864 SF

    Property Features for 500 Keene St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    76,864 SF
    Class
    A
    Total Rate
    89674.67

    Building Details

    Year Built/Renovated
    2001/2022
    Buildings
    1
    Stories
    4

    Spaces For Lease

    at 500 Keene St, Columbia, MO 65201 Contact us
    Unit Suite 207

    $18 /Mo

    Size
    3,761 SF
    Contact us
    Unit Suite 204

    $18 /Mo

    Size
    1,267 SF
    Contact us
    Unit Suite 205

    $18 /Mo

    Size
    718 SF
    Contact us
    Unit Suite 206

    $18 /Mo

    Size
    2,156 SF
    Contact us
    Unit Suite 202

    $20 /Mo

    Size
    1,184 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Jack Maher Iii
    Jack Maher Iii

    Listing Agency: Maher Commercial Real Estate Listing Agent: Jack Maher Iii

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional Class A, four-story medical office building, totaling 76,864 square feet, is located at 500 N. Keene St. in Columbia, MO, 65201. Built in 2001 and renovated in 2022, the property features 18 suites, with 9,086 square feet currently vacant. Suites range from a minimum of 718 square feet to a maximum contiguous space of 15,000 square feet, making it ideal for a variety of medical practices. The building boasts three elevators (two passenger, one freight) and ample parking with 200 spaces. Its prime location within Columbia's medical district offers immediate access to the University of Missouri Women's Hospital. The property sits on 5 acres of land and is zoned M-OF. The University of Missouri holds a significant presence, leasing 35% and owning 40% of the tenantable space. Private practitioners, primarily in ophthalmology, optometry, and medical oncology, occupy the remaining 25%. This presents a unique opportunity for medical professionals seeking a well-established, high-quality space in a thriving medical community.
    Property Profile Insight Report 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, ... Medical Clinic Dr Shvetha Zarek, ... Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Boone
    State
    Missouri
    Longitude
    -92.289185022213
    Latitude
    38.958746507102

    Nearby Similar for Lease

    • Contact for pricing

      Columbia Center on Stadium

      Meet, work or collaborate in our professional The Pinnacle Building business center
      303 Stadium Blvd, Columbia, MO 65203
      View Details
    • Contact for pricing

      Retail Building Near Interstate 70

      3,992 SF retail building on 0.86 acres near I-70.
      3200 Clark Ln, Columbia, MO 65202
      View Details
    • Contact for pricing
      12,282 SF

      Retail Space in Forum Shopping Center

      Retail space for lease in Columbia's Forum Shopping Center.
      1400 Forum Blvd, Columbia, MO 65203
      View Details
    • Contact for pricing
      4,945 SF

      Retail Space on Broadway

      Retail space with high visibility and easy access.
      2703 E Broadway, Columbia, MO 65201
      View Details
    • Contact for pricing
      5,350 SF

      Retail Space on Grindstone Parkway

      Retail space with high visibility and ample parking.
      1325 Grindstone Plaza Dr, Columbia, MO 65203
      View Details
    • Contact for pricing

      Commercial Office Space For Rent

      Commercial office space available for lease with negotiable terms.
      3301 S Providence Rd, Columbia, MO 65203
      View Details
    • $12 SF/Yr
      9,351 SF

      Downtown Columbia Executive Office Space

      9,351 SF Office, Prime Location, Available Now
      903 Ash St, Columbia, MO 65201
      View Details
    • Contact for pricing
      55,436 SF

      Prime Retail Space in Columbia, MO

      High-visibility retail spaces available now.
      5414 Clark Ln, Columbia, MO 65202
      View Details
    • Contact for pricing
      20,900 SF

      Shoppes at Stadium: Office Space

      Prime Office Space, Stadium Blvd. Location
      201 Stadium Blvd, Columbia, MO 65203
      View Details
    • $240 SF/Yr
      2,000 SF

      Prime Columbia Executive Office Space

      2,000 sq ft Office Suite - Available Now
      2800 Forum Blvd, Columbia, MO 65203
      View Details
    • Contact for pricing
      3,976 SF

      Columbia Retail Space - University Center

      Prime retail space, 3976 sq ft, excellent location.
      201 Cherry St, Columbia, MO 65203
      View Details
    • Contact for pricing
      705,538 SF

      Broadway Marketplace Retail Space

      Prime Retail Space, Multiple Units Available
      27 Conley Rd, Columbia, MO 65201
      View Details

    FAQs

    What type of property is this?
    Medical office - Class A medical office suites available
    Where is this medical office located?
    The property is located at 500 Keene St Columbia, MO.
    What is the lease rate?
    The lease rate is $18-$20 SF/Yr.
    What are key features of this property?
    This property features: 9,086 SF of medical office space available for sale or lease.; Investment or owner-user opportunity.; Medical office suites available for lease.
    (573) 489-6860 Call to check price and availability
    Request Owner's contact information
    500 Keene St Columbia, MO 65201
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    500 Keene St
    Columbia, MO 65201
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jack Maher Iii
    Jack Maher Iii
    Real Estate License ID: 2013011861
    (573) 489-6860
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!