Add Listing
    For Sale
    • 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

    2341 E Whispering Trl Columbia City, IN 46725

    View on Map
    Sponsored
    For Sale
    $54,900

    Residential Land - Columbia City, IN

    Lot size:
    0.26 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 8 at 12:06 am

    Property Features for 2341 E Whispering Trl

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    92-05-07-407-255.000-014
    Lot size
    0.26 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Andrew Kershner

    Mike Thomas Associates, Inc (260) 489-2000

    Listing agent Andrew Kershner (260) 489-2000 License #RB14036354

    Listing date Mar 7, 2026

    MLS# 202607397 Listing URL

    Copyright © 2026 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Residential Land in Golf Community

    This residential land offers an exceptional opportunity to build a dream home within a beautiful golf course community. The build-ready lot already has the building pad in place, giving a head start toward constructing a home. Much of the early groundwork has already been completed, saving time and reducing preparation costs. All utilities are available, making the building process convenient. A unique advantage of this property is the opportunity to be part of the Villa community, offering an option for those seeking low-maintenance living within this golf course setting. This lot offers an ideal foundation in a community known for its beautiful course, scenic surroundings, and peaceful atmosphere. The property is located in Columbia City, Whitley County, Indiana, with a lot size of 0.255 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Auto Parts Store Electronics & Wireless Store Computer & Electronic Repair Travel Agency

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbia City
    County
    Whitley
    State
    Indiana
    Longitude
    -85.446463
    Latitude
    41.156066

    Nearby Similar for Sale

    • $485,000
      13,500 SF

      Versatile Commercial Building in Columbia City

      Two-story commercial building with income potential in downtown Columbia City.
      215 E Van Buren St, Columbia City, IN 46725
      View Details
    • $399,900
      Pending

      Versatile Mixed-Use Property

      Mixed-use property in prime location with parking and operational space.
      505 W Business 30, Columbia City, IN 46725
      View Details
    • $280,000
      5,000 SF

      Adaptable Commercial Building with Strong Infrastructure

      Spacious commercial building with excellent visibility and accessibility.
      550 W Old Trail Rd, Columbia City, IN 46725
      View Details
    • $1,999,000
      1.70 Acres

      Columbia City Mixed-Use Opportunity

      Versatile property suitable for showroom, warehouse, or light industrial use.
      665 W Connexion Way, Columbia City, IN 46725
      View Details
    • New
      $284,900
      0.20 Acres

      Remodeled Mixed-Use Commercial Building

      Queen Anne-style building with updated interiors in downtown Columbia City.
      126 N Main St, Columbia City, IN 46725
      View Details
    • $137,500
      Pending

      Columbia City Triplex Investment Opportunity

      Triplex in Columbia City offering investment potential and versatility.
      311 N Walnut St, Columbia City, IN 46725
      View Details
    • $549,900
      0.17 Acres

      Commercial Property in Columbia City

      Commercial property approved for restaurant with duplex and convenience store potential.
      201 E Chicago St, Columbia City, IN 46725
      View Details
    • $137,500
      2,142 SF

      Columbia City Triplex Investment Opportunity

      Triplex with three units, ideal for savvy investors.
      220 E Van Buren St, Columbia City, IN 46725
      View Details
    • $189,000
      0.04 Acres

      Mixed-Use Retail Space with Apartment

      Retail space with apartment in downtown Columbia City, Indiana.
      207 W Van Buren St, Columbia City, IN 46725
      View Details
    • $1,175,000
      7,920 SF

      Former Grocery and Gas Station

      7,920 SF commercial property on 4.72 acres in Columbia City.
      5418 S State Road 109, Columbia City, IN 46725
      View Details
    • Contact for pricing
      22,185 SF

      ALDI Leased Investment Opportunity

      Retail property with long-term lease in a dense retail corridor.
      551 North Line St, Columbia City, IN 46725
      View Details
    • Contact for pricing
      3,771 SF

      Remodeled Warehouse with Expansion Potential

      Remodeled warehouse with expansion or trailer parking possibilities.
      309 Diamond Ave, Columbia City, IN 46725
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Build-ready lot in a desirable golf course community.
    Where is this residential land & home lot located?
    The property is located at 2341 E Whispering Trl Columbia City, IN.
    What is the asking price?
    The asking price for this property is $54,900.
    What are key features of this property?
    This property features: - Build-ready lot in a desirable golf course community; - Building pad already in place, saving time and preparation costs; - All utilities are available for convenient building
    (260) 602-0757
    Request Owner's contact information
    2341 E Whispering Trl Columbia City, IN 46725
    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.
    2341 E Whispering Trl
    Columbia City, IN 46725
    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
    2341 E Whispering Trl Columbia City, IN 46725
    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

    We can help!
    Listing Contact
    Andrew Kershner
    Real Estate License ID: RB14036354
    (260) 602-0757 (260) 489-2000 (260) 399-1177
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!