1413 Grindstone Plz Dr, Columbia, MO 65201-3793
- Retail space
- 15,555 SF
- 1.51 lot acres
Current Use by Public Records
- Vigor MVMNT / Gym & Fitness Center
- Verizon / Mobile Phone Store / Electronics & Wireless Store
- Restoration Chiropractic / Alternative Medicine Practice
- Taylor Sirois / Alternative Medicine Practice
- Columbia Drain Cleaning Repair / Plumbing Service / General Contractor
Property Details for 1413 Grindstone Plz Dr
- Year built
- 2016
- Lot size
- 1.51 lot acres
- Property type
- Retail space
- APN
- 17-701-00-31-004.00 01
- APU
- 1770100310040001
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 7, 2025 | — | Restoration Real Estate Properties | — | Deed · related | $200k · Mid America Bank |
| Mar 6, 2020 | — | Restoration Real Estate Properties | The Shopes At Red Oak LLC | Special Warranty Deed | $3.1M · Hawthorn Bank |
| Jun 3, 2015 | — | Shoppes At Red Oak LLC | Red Oak Investment Co | Quit Claim Deed · related | $789k · First St Cmnty Bk |
Description
This exceptional Class A retail property, located at 1413 Grindstone Plaza Dr. in Columbia, Missouri, offers 8,922 square feet of vacant space in a 15,415 square foot building. Built in 2016 and renovated in 2022, the single-story building features six suites, with a minimum divisible space of 2,220 square feet and a maximum contiguous space of 8,922 square feet. The property sits on a 1.51-acre lot and boasts 72 parking spaces, providing ample convenience for customers and employees. The space is adaptable, with a majority of the area offering an open floor plan, suitable for various retail or restaurant concepts. Benefit from three-phase power service and a prime location on Grindstone Parkway, enjoying high visibility and traffic counts ranging from 20,000 to 30,000 vehicles per day. The property is zoned C-P (Planned Commercial) and enjoys proximity to major anchors such as Super Walmart, Kohl's, The Den student housing, and The Crossing Church, ensuring high foot traffic and strong consumer demographics. Its location is approximately three miles from the University of Missouri and the downtown area, providing access to a large and diverse customer base. Tenant improvement allowances are available for long-term commitments. NNN rates are calculated at $4.39 per square foot. Join established tenants Verizon Wireless, Restoration Chiropractic, and El Encanto Restaurant in this thriving commercial center.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $630,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $985,000
- 6.5%
- $910,000
- 7%
- $845,000
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,015,000 Current use
- OFFICE BUILDING
- $1,110,000 Change: +9% Conversion: Easy
- MEDICAL BUILDING
- $1,015,000 Change: +0% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $880,000 Change: -13% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Columbia
- County
- Boone
- State
- Missouri
- Longitude
- -92.3202
- Latitude
- 38.9119
- CBSA code
- 17860
- CBSA name
- COLUMBIA, MO METROPOLITAN STATISTICAL AREA
