Columbia City Office Space
119 W Market St Columbia City, IN
For Sale
Contact for pricing
8,255 SF office space in the heart of Columbia City.
Property Size8,255 SF
Lot Size0.21 Acres
Price / SF$99.94
Days on Market244
Property Features for 119 W Market St
General Information
Standard status
Active
Size
8,255 SF
Lot size
0.21 Acres
Property subtype
OFFICE
Properties For Sale
at 119 W Market St Contact us
Listing Agency:
BND Commercial, LLC
(260) 410-3627
Listed By:
Karl Behrens · License #RB20001057
(260) 410-3627
Source:
Moodyscre
Added: Nov 26, 2025
Changed: Jul 6
Last Checked: Jul 21 at 4:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BND Commercial, LLC
Investment Insights
Based on property information with market context.
Located in the heart of Columbia City, directly across from the court house, this well-maintained 8,255 square feet office space is available for rent. The property features parking spaces, including indoor lower level parking, plus street parking. It is located less than one mile to US Hwy 30. The property is also for sale.
Key Highlights
- Large office space with 8,255 square feet.
- Prime location in the heart of Columbia City, directly across from the court house.
- Ample parking includes indoor lower level parking plus street parking.
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $74.3k | $9.00 |
| − Vacancy | −$3.7k | −$0.45 |
| EGI | $70.6k | $8.55 |
| − OpEx | −$21.2k | −$2.56 |
| NOI | $49.4k | $5.98 |
8,255 SF · lease $9.00/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Office B
$1.30M
$1.14M – $1.52M
NOI $91,088 @ 7.0% cap · market cap 11.04%
Second Best
Retail
$1.13M
$991.4K – $1.32M
NOI $79,310 @ 7.0% cap · market cap 9.61%
Theoretical Best
Multifamily LT 5
$6.90M
$6.03M – $8.05M
NOI $482,724 @ 7.0% cap · market cap 58.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - 8,255 SF office space in the heart of Columbia City.
Where is this office building located?
The property is located at 119 W Market St Columbia City, IN.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Large office space with 8,255 square feet.; Prime location in the heart of Columbia City, directly across from the court house.; Ample parking includes indoor lower level parking plus street parking.
