608 Business Loop 70 Columbia, MO 65203-2552
Property profile & analytics
608 Business Loop 70 Columbia, MO 65203-2552
- Automotive properties
- 7,344 SF
- 0.97 lot acres
Property ID
US48-0733742
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.
Location Intelligence
Current Use by Public Records
- Byrider Columbia / Car Dealership
Property Details for 608 Business Loop 70
- Year built
- 2010
- Construction
- FRAME
- Lot size
- 0.97 lot acres
- Property size
- 7,344 SF
- Zone code
- C3
- Property type
- Automotive properties
- APN
- 16-314-00-02-005.00 01
- APU
- 1631400020050001
Description
This fee-simple retail property in Columbia, MO, offers a compelling investment opportunity. The 7,344 square foot building, constructed in 2010, is currently 100% occupied by COMO Auto Sales, Inc., under a net-net (NN) lease with approximately seven years remaining until the initial term expires. The lease, commencing July 1, 2021, and expiring June 30, 2031, includes two five-year renewal options. Variable rental increases are built into the lease, occurring in year eight and at the start of each option period, providing a hedge against inflation and steadily growing net operating income (NOI) currently at $168,000. The property sits on a 1.15-acre lot with 49 parking spaces and benefits from excellent visibility and significant street frontage due to its location on Business Loop 70 West, a major retail thoroughfare. The property is zoned M-C (Controlled Industrial District) and boasts a prime location near other national retailers, including a large shopping center and Columbia Mall, ensuring high traffic volume. The 5-mile trade area boasts a population exceeding 127,400 with an average household income of $83,824. The asking price is $2,471,000. This low-management investment presents a strong return with minimal landlord responsibilities.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Columbia
- County
- Boone
- State
- Missouri
- Longitude
- -92.3463
- Latitude
- 38.9655
- 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
$20,441
$79,968
$200,032
$280,000
-
$249,900
$625,100
$875,000
