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    Property profile & analytics

    3215 Clark Ln Columbia, MO 65202

    • Retail space
    • 120,052 SF
    • 13.59 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0603494
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Home Services at The Home Depot / General Contractor
    • Garden Center at The Home Depot / Garden Center
    • Pro Desk at The Home Depot / Big Box & Wholesale Store / Building Supply
    • Truck Rental Center at The Home Depot / Car Rental Facility
    • The Home Depot / Building Supply / Hardware & Home Improvement

    Property Details for 3215 Clark Ln

    Year built
    1995
    Lot size
    13.59 lot acres
    Property size
    120,052 SF
    Zone code
    C3
    Property type
    Retail space
    APN
    17-102-00-02-005.00 01
    APU
    1710200020050001

    Description

    This exceptional 20,000 square foot commercial development site is ideally situated in Columbia, Missouri, at 3215 Clark Lane, zip code 65202. Boasting a prime location in Boone County, this multi-tenancy property is zoned for commercial use, offering significant potential for a variety of retail ventures. The property's 20,000 square foot lot size provides ample space for development, and its strategic placement at a signalized intersection ensures high visibility and accessibility. This location benefits from exceptional proximity to established businesses, including major retailers such as The Home Depot, Bass Pro Shops, and Anytime Fitness. A diverse range of restaurants are also conveniently located nearby, including Taco Bell, McDonald's, Pizza Hut, Burger King, Steak 'n Shake, KFC, Golden Corral, TGI Fridays, and Bob Evans, creating a vibrant and high-traffic commercial environment. This presents a unique opportunity for developers seeking a high-impact location with strong existing infrastructure and a proven track record of commercial success. The property is currently offered for sale and represents a compelling investment opportunity in a thriving Missouri market. The property's address is 3215 Clark Lane, Columbia, MO 65202.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $7,605,000
      6.5%
      $7,020,000
      7%
      $6,520,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $5,071,000
      Market price range: $3.92M - $9.14M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $6,250,000
      Current use
      OFFICE BUILDING
      $8,320,000
      Change: +33% Conversion: Easy
      MEDICAL BUILDING
      $7,670,000
      Change: +23% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $5,945,000
      Change: -5% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $5,685,000
      Change: -9% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Boone
    State
    Missouri
    Longitude
    -92.2894
    Latitude
    38.9656
    CBSA code
    17860
    CBSA name
    COLUMBIA, MO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $133,084
    $437,696
    $1,385,248
    $1,822,944
    -
    $1,367,800
    $4,328,900
    $5,696,700

    Comparable in this City

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      View Details
    • Value Estimation by Request
      7,560 SF

      815 Blue Rdg Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,560 SF
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    • Value Estimation by Request
      1,600 SF

      3203 Brown Sta Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,600 SF
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      4,956 SF

      3075 Range Line St

      RETAIL STORES (PERSONAL SERVICES) • 4,956 SF
      3075 Range Line St, Columbia, MO 65202-2562
      View Details
    • Value Estimation by Request
      6,751 SF

      2403 Range Line St

      RETAIL STORES (PERSONAL SERVICES) • 6,751 SF
      2403 Range Line St, Columbia, MO 65202-1638
      View Details
    • Value Estimation by Request
      6,780 SF

      1800 Vandiver Dr

      RETAIL STORES (PERSONAL SERVICES) • 6,780 SF
      1800 Vandiver Dr, Columbia, MO 65202-3908
      View Details

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    Similar Nearby for Lease

    • Contact for pricing

      Retail Building Near Interstate 70

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      High-visibility retail spaces available now.
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      Vacant Land For Lease

      Vacant lot available for lease in Columbia, Missouri.
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    3215 Clark Ln
    Columbia, MO 65202
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    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
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