Property profile

501 E Broadway Columbia, MO 65201

FOR SALE
Banks
Property ID
US48-0626317
2,102 SF 0.46 ac lot Built 1982
Entity Owned 3-yr Hold Free & Clear
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501 E Broadway, Columbia, MO 65201 For Sale
Contact for pricing 2,102 SF
501 E Broadway, Columbia, MO 65201
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Property summary

AI-generated overview

This exceptional 3,200 square foot executive office space, located at 501 E. Broadway in downtown Columbia, Boone County, presents a unique investment opportunity. The single-tenant building sits on a 0.38-acre lot and boasts excellent visibility due to its prominent location and multi-lane drive-through. Previously a bank branch, this property offers adaptive reuse potential for a variety of businesses. Its strategic position places it within close proximity to the University of Missouri, city/county government facilities, and Columbia's finance/banking district, ensuring high pedestrian and vehicle traffic. The building itself comprises 2,100 square feet of interior space, complemented by an 1,100 square foot covered drive-through area. The property also includes the use of exterior improvements and a parking lot. A long-term tenancy with a credit-worthy tenant is desired. The owner is also considering a sale of the property for $1,700,000. Please note a deed restriction prohibits future occupancy by banking or financial institutions (expires 2032). The rental rate is on a triple net (NNN) basis. The property is zoned M-DT.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1982
Total area 2,102 SF
Lot 0.46 ac (19,950 SF)
Zoning code C2
APN 16-320-00-17-095.00 01
UPID US48-0626317

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
  • Bank Loan Service
  • Atm

Location

501 E Broadway Columbia, MO 65201
Columbia metro Census 2100 COLUMBIA, MO METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$340k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

Zoning & alternative use

C2 · Columbia, MO

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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