3215 Wingate CtColumbia, MO 65201

  • Medical offices
  • 20,630 SF
For Sale

Property Details for 3215 Wingate Ct

Year built
2011
Lot size
1.40 AC
Property size (Sq ft)
20,630 SF
Zone code
C1
Property type
Medical offices
Property subtype
Medical centers
APN
17-104-00-10-001.00 01
APU
1710400100010001

Description

This exceptional Class A medical office building, totaling 21,167 square feet, presents a compelling investment opportunity. Located at 3215 Wingate Ct, Columbia, MO 65201, this 100% occupied, two-story building boasts a prime location within Boone County. Constructed in 2011 on a 1.4-acre lot, the property features a multi-tenant occupancy with four tenants, all credit-rated and under a Net Lease (NNN) agreement with annual CPI rent increases. The building is zoned PD and benefits from the strong tenant base of the University of Missouri System, a leading healthcare system with a robust credit rating. The diverse mix of medical specialties within the building includes family medicine, surgery, ophthalmology, audiology, pediatrics, and endocrinology, ensuring a stable and consistent income stream. Columbia's robust healthcare sector and impressive 20.5% population growth over the last five years further solidify this investment's potential for long-term appreciation. This is a rare opportunity to acquire a high-quality, fully occupied medical office building in a thriving market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,900,536
    6.5%
    $4,523,572
    7%
    $4,200,460
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,608,315
    Geo Method
    $1,608,315
  • Alternative Use

    Use
    Valuation
    Residential
    $5,609,230
    Hospitality
    $5,138,024
    Educational
    $4,274,776
    Medical
    $4,421,792
    Retail
    $6,649,652
3215 Wingate Ct, Columbia, Missouri

Location Insight

City
Columbia
County
Boone
State
Missouri
Latitude
38.9581
Longitude
-92.2901
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
$61,802
$78,060
$768,480
$846,540
-
$243,940
$2,401,500
$2,645,440

FAQs

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