Modern Office Building with GC
5978 S 600 E Columbia City, IN 46725
For Sale
$865,000
A 2013-built office building offering GC zoning flexibility in Columbia City, IN.
Property Size4,430 SF
Price / SF$195.26
Days on Market72
Property Features for 5978 S 600 E
General Information
- Standard status
- Active
- Size
- 4,430 SF
- Property subtype
- Office - General Office
Building Details
- Year Built
- 2013
Listing Agency:
The Zacher Company
(260) 422-8474
Listed By:
Fletcher S. Moppert · License #ER.000130491
Source:
Commercialcafe
Added: May 14
Changed: Jul 23
Last Checked: Jul 24 at 5:18AM
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 The Zacher Company
Investment Insights
Based on property information with market context.
This office building was constructed in 2013 and contains 4,430 square feet. It’s positioned to support a range of office uses with GC zoning, offering investors and tenants a versatile setup within a modern, purpose-built structure.
Located in Columbia City, Indiana, the property sits in the Out of Allen County market and is described as being close to the historic downtown district, which features dining, retail, and entertainment options. The surrounding area is also described as having strong connectivity to major transportation routes.
For buyers or office users looking for a modern office facility with GC zoning, this property provides a straightforward platform in a commercially oriented part of Columbia City.
Located in Columbia City, Indiana, the property sits in the Out of Allen County market and is described as being close to the historic downtown district, which features dining, retail, and entertainment options. The surrounding area is also described as having strong connectivity to major transportation routes.
For buyers or office users looking for a modern office facility with GC zoning, this property provides a straightforward platform in a commercially oriented part of Columbia City.
Key Highlights
- 4,430 SF office building built in 2013 in Columbia City, IN
- GC zoning offers versatile usage possibilities for office users
- Sale price: $865,000 ($195.25/SF)
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 | $75.5k | $17.04 |
| − Vacancy | −$10.3k | −$2.33 |
| EGI | $65.2k | $14.71 |
| − OpEx | −$16.3k | −$3.68 |
| NOI | $48.9k | $11.03 |
4,430 SF · lease $17.04/SF/yr · vacancy 13.66% · expense 25.00%
Alternative Uses
Best Use
Office B
$698.3K
$611.0K – $814.7K
NOI $48,882 @ 7.0% cap · market cap 5.65%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$3.70M
$3.24M – $4.32M
NOI $259,051 @ 7.0% cap · market cap 29.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - A 2013-built office building offering GC zoning flexibility in Columbia City, IN.
Where is this office building located?
The property is located at 5978 S 600 E Columbia City, IN.
What is the asking price?
The asking price for this property is $865,000.
What are key features of this property?
This property features: 4,430 SF office building built in 2013 in Columbia City, IN; GC zoning offers versatile usage possibilities for office users; Sale price: $865,000 ($195.25/SF)
