Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    500 Keene St Columbia, MO 65201

    • Medical offices
    • 397 SF
    For Sale
    View listing
    $1,792,885
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US48-0755684
    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

    • Keene Medical Building / Medical Clinic
    • Weight Management and Metabolic Center / Medical Clinic / Weight Loss Service
    • Female Continence and Advanced Pelvic Surgery Clinic / Medical Clinic
    • Dr Danny Schust, MD / Reproductive Health Clinic / Doctor
    • Dr Shvetha Zarek, MD / Endocrinologist / Obstetrician-Gynecologist

    Property Details for 500 Keene St

    Year built
    1995
    Property size
    397 SF
    Zone code
    O1
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    17-116-00-05-012.00 01
    APU
    1711600050120001

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Boone
    State
    Missouri
    Longitude
    -92.288
    Latitude
    38.9583
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $3,880
    $27,600
    $31,480

    Comparable in this City

    • Value Estimation by Request
      4,214 SF

      500 Keene St, Unit 406ABC

      MEDICAL BUILDING • 4,214 SF
      500 Keene St, Columbia, MO 65201-8370
      View Details
    • Value Estimation
      $2,135,000
      32,686 SF

      3401 Berrywood Dr

      MEDICAL BUILDING • 32,686 SF
      3401 Berrywood Dr, Columbia, MO 65201-8372
      View Details
    • Value Estimation
      $1,475,000
      22,611 SF

      3501 Berrywood Dr

      MEDICAL BUILDING • 22,611 SF
      3501 Berrywood Dr, Columbia, MO 65201-6584
      View Details
    • Value Estimation
      $2,845,000
      68,408 SF

      1705 Broadway

      MEDICAL BUILDING • 68,408 SF
      1705 Broadway, Columbia, MO 65201-7166
      View Details
    • Value Estimation by Request
      2,489 SF

      500 Keene St Ste, Unit 300

      MEDICAL BUILDING • 2,489 SF
      500 Keene St Ste, Columbia, MO 65201-8104
      View Details
    • Value Estimation by Request
      2,796 SF

      525 Keene St Ste, Unit 103

      MEDICAL BUILDING • 2,796 SF
      525 Keene St Ste, Columbia, MO 65201-6967
      View Details

    Similar Nearby for Sale

    • $2,500,000
      8,451 SF

      Prime Medical Office Building in Columbia, MO

      Class A medical office, sale-leaseback opportunity.
      525 Keene St, Columbia, MO 65201
      View Details
    • $1,792,885
      718 SF

      Columbia Medical Office Condos

      Five Medical Suites, Prime Location
      500 Keene St, Columbia, MO 65201
      View Details
    • Contact for pricing
      41,509 SF

      Columbia Medical Office Portfolio

      Three Class A Medical Buildings, 41,509 SF
      812 Keene St, Columbia, MO 65201
      View Details
    • $425,000
      2,400 SF

      Prime Columbia Office Building

      Executive Suite, I-70 Frontage, $425K
      3504 Interstate 70 Dr, Columbia, MO 65201
      View Details
    • $425,000
      2,082 SF

      Columbia Executive Office Building

      Prime Location, Two Units, $425,000
      3506 Interstate 70 Dr, Columbia, MO 65201
      View Details
    • $895,000

      Columbia Office Building - 3.82 Acres

      Spacious Office Building, Ideal for Religious Use
      5210 Cowan Rd, Columbia, MO 65201
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      76,864 SF

      Columbia Medical Office Building

      Class A medical office suites available
      500 Keene St, Columbia, MO 65201
      View Details
    • Contact for pricing
      8,963 SF

      Broadway Medical Office Space

      Columbia, MO: 1,581 SF Available
      1705 Broadway, Columbia, MO 65201
      View Details
    • $12 SF/Yr
      43,810 SF

      Class A Office Space in Columbia, MO

      Modern Office Suite, Shell Condition, Discovery Park
      4215 Philips Farm Rd, Columbia, MO 65201
      View Details
    • $12 SF/Yr
      16,000 SF

      Prime Columbia Office Space

      16,000 SF Office Building in Discovery Park
      5000 Artemis Dr, Columbia, MO 65201
      View Details
    • $20,880
      1,020 SF

      Downtown Columbia Office Space

      Prime 1,020 sq ft Office in Columbia, MO
      4 9Th St, Columbia, MO 65201
      View Details
    • $17 SF/Yr
      1 SF

      Highway 63 & Grindstone Retail Site

      High-traffic Columbia, MO retail opportunity.
      0 Hwy 63 & Grindstone Pkwy, Columbia, MO 65201
      View Details
    Request Owner's contact information
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.