Flex Space with Overhead
For Sale
$775,000
258 Frontage Road, Columbia City, IN 46725
A steel-frame facility combines heated shop space with offices, reception and waiting areas, and storage.
Property Size7,080 SF
Lot Size0.74 Acres
Price / SF$109.46
Days on Market9
Property Features for 258 Frontage Road
General Information
Standard status
Active
Size
7,080 SF
Lot size
0.74 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Additional Details
Real Estate Included
Yes
Property Use
Commercial
Amenities
multiple overhead doors
dedicated office and customer areas
oil-water separator
fencing
building-mounted box sign
LED lighting
heated shop area
reception/waiting area
offices
break room
restroom facilities
Building Details
Year Built
2003
Buildings
1
Construction
steel frame
Listing Agency:
Hoosier Real Estate Group
Listed By:
Jacquelyn Robinson
(979) 571-2072
Source:
Jmrealtyonline
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 4:31PM
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 Hoosier Real Estate Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2003, this 7,080-square-foot steel-frame flex property sits on 0.74 acres in Columbia City. Its layout includes an open shop and work area, storage, offices, a reception and waiting area, a break room, and restrooms. The shop is heated; the offices and customer area have heating and air conditioning. Multiple overhead doors and an oil-water separator are also in place.
The property has access to US 30, with connections to Fort Wayne, Warsaw, and other Northeast Indiana communities. A paved lot accommodates parking and vehicle circulation, while fencing and a building-mounted box sign add to the site improvements. Updates include LED lighting throughout, exterior paint, new flooring, refreshed paint in the waiting area and bathrooms, and a sealed and striped driveway and parking lot. The vehicle lift, air compressor, and air reels are excluded from the sale.
The property has access to US 30, with connections to Fort Wayne, Warsaw, and other Northeast Indiana communities. A paved lot accommodates parking and vehicle circulation, while fencing and a building-mounted box sign add to the site improvements. Updates include LED lighting throughout, exterior paint, new flooring, refreshed paint in the waiting area and bathrooms, and a sealed and striped driveway and parking lot. The vehicle lift, air compressor, and air reels are excluded from the sale.
Key Highlights
- Approximately 7,080 square feet on 0.74 acres
- Built in 2003; steel‑frame construction with multiple overhead doors
- Heated shop area; offices and reception/waiting space have heating and air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,021
Cap Rate
8.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,360,420
$1.4M
Cap Rate 7%
$971,729
$971.7K
Cap Rate 9%
$755,789
$755.8K
Market Conditions
NOI Build-Up for 7,080 SF
Gross rent
$106.2K $15.00/SF
− Vacancy
−$9.0K −$1.28/SF
EGI
$97.2K $13.73/SF
− OpEx
−$29.2K −$4.12/SF
NOI
$68.0K $9.61/SF
Area
Whitley County, IN
Vacancy
8.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,360,420
Cap Rate 7%
$971,729
Cap Rate 9%
$755,789
Alternative Uses
Best Use
Retail
$971.7K
$850.3K – $1.13M
NOI $68,021 @ 7.0% cap · market cap 8.78%
Second Best
Flex RnD
$741.6K
$648.9K – $865.2K
NOI $51,911 @ 7.0% cap · market cap 6.70%
Theoretical Best
Multifamily LT 5
$5.91M
$5.18M – $6.90M
NOI $414,014 @ 7.0% cap · market cap 53.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
461
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46725, IN
23,917
Population
10,435
Households
2.3
Avg Household Size
42
Median Age
25%
College-Educated
93%
High-School Grad
202.8 sq mi
ZIP Area
118
Density / Sq Mi
$76,214
Median Household Income
$47,059
Median Earnings
$907
Median Rent
$216,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- K & J Foods and Events — 362 N Oak St, Columbia City, IN 46725
Frequently Asked Questions
What type of property is this?
Flex space - A steel-frame facility combines heated shop space with offices, reception and waiting areas, and storage.
Where is this flex space located?
The property is located at 258 Frontage Road Columbia City, IN.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Approximately 7,080 square feet on 0.74 acres; Built in 2003; steel‑frame construction with multiple overhead doors; Heated shop area; offices and reception/waiting space have heating and air conditioning
