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    The Largest CRE Database in the US with Over 1 Million Listings

    2561 N Indianapolis Rd Columbus, IN 47201

    Sponsored
    For Sale
    Pending
    $850,000

    Industrial - Columbus, IN

    Type:Industrial
    Property size:
    2,960 SF
    Lot size:
    55.93 Acres
    Days on Market:
    54
    Last Refresh:
    Jan 30 at 5:06 am

    Property Features for 2561 N Indianapolis Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Industrial
    Standard status
    Pending
    Zoning
    I3
    APN
    039514000001000005
    Size
    2,960 SF
    Lot size
    55.93 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Trish Meier
    Trish Meier

    eXp Realty (888) 611-3912

    Listing agent Trish Meier (888) 611-3912 License #RB20002094

    Listing date Dec 8, 2025

    MLS# 22059706 Listing URL

    Copyright © 2026 MIBOR Service Corporation. 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

    Columbus Industrial Property with Acreage

    This commercial property, located in Columbus, IN, features I-3 industrial zoning and includes multiple buildings and acreage suitable for various uses. The property includes a 2,978 square foot commercial building offering flexible space. There are also multiple pole barns: one measuring 30x64x12, another 30x88x12, a third 30x168x14, and a smaller 12x24x11 pole barn. These barns provide ample space for shop, storage, equipment, or inventory. The property is divided into two parcels: a 6.74-acre parcel with direct access to the commercial buildings, suitable for parking, yard space, or expansion, and a 49.19-acre wooded parcel ideal for recreational use, trails, hunting, or enjoying the outdoors. With I-3 industrial zoning, the property is equipped for manufacturing, distribution, storage, or heavy equipment operations. The total lot size is 55.93 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Similar Places Nearby

    Storage Express

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Bartholomew
    State
    Indiana
    Longitude
    -85.933001
    Latitude
    39.222167

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    FAQs

    What type of property is this?
    Warehouse - Industrial property with buildings and acreage for expansion or recreation.
    Where is this warehouse located?
    The property is located at 2561 N Indianapolis Rd Columbus, IN.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - I-3 Industrial Zoning allows for manufacturing, distribution, storage, or heavy equipment operations.; - Multiple buildings including a 2,978 sq. ft. commercial building and several pole barns provide flexible space.; - Large 6.74-acre parcel with direct access to buildings is ideal for parking, yard space, or expansion.
    (812) 343-0873
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    2561 N Indianapolis Rd Columbus, IN 47201
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    Columbus, IN 47201
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    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
    2561 N Indianapolis Rd Columbus, IN 47201
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    We can help!
    Listing Contact
    Trish Meier
    Trish Meier
    Real Estate License ID: RB20002094
    (812) 343-0873
    Learn more
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