Property profile

1205 Grindstone Pkwy Columbia, MO 65201

FOR LEASE
Strip malls
Property ID
US48-0764230
31,200 SF 14.84 ac lot Built 2006
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional retail opportunity is located within the bustling Grindstone Plaza Shopping Center in South Columbia. The property, totaling 8,614 square feet, is currently 100% vacant and offers flexible space options for multiple tenants. Individual spaces range from a minimum of 2,114 square feet to a maximum contiguous space of 4,000 square feet, providing versatility for various business needs. The property is classified as Class C and zoned M-C, allowing for a wide range of commercial uses. The center enjoys a prime location, anchored by a Walmart and complemented by a diverse mix of established tenants, including Dollar Tree and America's Best Contacts & Eyeglasses. This strategic positioning ensures high visibility and significant foot traffic, creating an ideal environment for attracting customers. The space is available for lease on a triple net (NNN) basis, aligning with the lease structure of the anchor tenant, Walmart. Previously occupied by Cato Fashions, the space is ready for immediate occupancy, offering a blank canvas for your business to thrive. The property's ample square footage and flexible layout present a unique opportunity to establish a strong presence in a thriving retail environment. Available for lease starting January 31st, 2024.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2006
Total area 31,200 SF
Lot 14.84 ac (646,430 SF)
APN 17-701-00-26-001.01 01
UPID US48-0764230

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Discount Store
  • Take-out & Catering
  • Food Market Restaurant
  • Physician
  • Insurance Agency

Location

1205 Grindstone Pkwy Columbia, MO 65201
Columbia metro Census 1105 COLUMBIA, MO METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.18M
Blend (final) Blend
$1.24M

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Medical building $2.0M +140.1%
Retail stores $2.0M +139.9%
Auto repair, garage $1.8M +107.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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