Office/Warehouse Building in Park
4447 E Park 30 Dr Columbia City, IN 46725
For Sale
$6,421,666
Office and warehouse space on 4.42 acres in Columbia City.
Property Size53,500 SF
Lot Size4.42 Acres
Price / SF$120.03
Days on Market153
Property Features for 4447 E Park 30 Dr
General Information
Standard status
Active
Size
53,500 SF
Lot size
4.42 Acres
Property subtype
Industrial
Building Details
Year Built
1998
Listing Agency:
NAI Hanning & Bean
(260) 452-5153
Listed By:
Ian Deiser · License #IN #RB18000493
(260) 452-5153
Source:
Naiglobal
Added: Feb 26
Changed: Jul 10
Last Checked: Jul 29 at 5:52AM
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 NAI Hanning & Bean
Investment Insights
Based on property information with market context.
This office and warehouse building is situated on 4.42 acres in Park 30 industrial park. The heated warehouse space measures 43,000 square feet, complemented by 10,500 square feet of office space. Loading is facilitated by three docks with levelers and two overhead doors, one measuring 12'x10' and another measuring 16'x14'. The building is powered by 1200 Amp, 480/277 Volt, 3 Phase electric, with an additional 300 KVA transformer. The total warehouse space is 53,500 square feet with 10,500 square feet of office space. The property is zoned IPM.
Key Highlights
- Large 53,500 SF warehouse with 10,500 SF office space
- Located on a sizable 4.42‑acre lot
- High power capacity: 1200 Amp, 480/277 Volt, 3 Phase electric with 300 KVA transformer
Financial Insights For Office B
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 | $911.6k | $17.04 |
| − Vacancy | −$124.5k | −$2.33 |
| EGI | $787.1k | $14.71 |
| − OpEx | −$196.8k | −$3.68 |
| NOI | $590.3k | $11.03 |
53,500 SF · lease $17.04/SF/yr · vacancy 13.66% · expense 25.00%
Alternative Uses
Best Use
Office B
$8.43M
$7.38M – $9.84M
NOI $590,332 @ 7.0% cap · market cap 9.19%
Second Best
Warehouse
$6.18M
$5.41M – $7.21M
NOI $432,549 @ 7.0% cap · market cap 6.74%
Theoretical Best
Multifamily LT 5
$44.69M
$39.11M – $52.14M
NOI $3,128,498 @ 7.0% cap · market cap 48.72%
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?
Warehouse - Office and warehouse space on 4.42 acres in Columbia City.
Where is this warehouse located?
The property is located at 4447 E Park 30 Dr Columbia City, IN.
What is the asking price?
The asking price for this property is $6,421,666.
What are key features of this property?
This property features: Large 53,500 SF warehouse with **10,500 SF office space**; Located on a sizable 4.42‑acre lot; High power capacity: 1200 Amp, 480/277 Volt, 3 Phase electric with 300 KVA transformer
