Office Condominium with Lower-Level
380 PLAZA DR, Columbus, IN 47201
For Sale
New
Contact for pricing
Private offices, shared work areas, and meeting rooms provide a flexible workplace layout.
Property Size6,630 SF
Price / SF$128.05
Days on Market4
Property Features for 380 PLAZA DR
General Information
Standard status
Size
Class
Property subtype
Zoning
Additional Details
Tenant in Place
Property Use
Amenities
private offices
conference rooms
kitchenette
open work areas
full kitchen
seminar area
exercise room
bathroom with shower
Building Details
Year Built
Year Renovated
Tenancy
Listing Agency:
Breeden Commercial
Listed By:
Wendy Scgalski · License IN RB21001483
Source:
Crexi
Added: Nov 7
Changed: Nov 10
Last Checked: Nov 10 at 2:34PM
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 Breeden Commercial
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Investment Insights
Based on property information with market context.
This 6,630-square-foot office condominium at 380 Plaza Drive, Unit D, includes a finished lower level. The main floor has private offices, conference rooms, a kitchenette, and open work areas. Below, tenant-used space is arranged with a full kitchen, seminar area, exercise room, and a bathroom with a shower. The building dates to 1976 and was renovated in 1990; its classification is Class B.
Zoned CO (Commercial: Office), the property is in Columbus, Indiana. Baird is planning a tenant-funded update to align the space with its corporate standards. The existing layout combines individual work areas, meeting space, and lower-level amenities within one office condominium.
Zoned CO (Commercial: Office), the property is in Columbus, Indiana. Baird is planning a tenant-funded update to align the space with its corporate standards. The existing layout combines individual work areas, meeting space, and lower-level amenities within one office condominium.
Key Highlights
- 6,630‑square‑foot office condominium with finished lower level
- Private offices, conference rooms, kitchenette, and open work areas
- Lower level includes a full kitchen, seminar area, exercise room, and shower bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,782
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$895,640
$895.6K
Cap Rate 7%
$639,743
$639.7K
Cap Rate 9%
$497,578
$497.6K
Market Conditions
NOI Build-Up for 6,630 SF
Gross rent
$75.6K $11.40/SF
− Vacancy
−$15.9K −$2.39/SF
EGI
$59.7K $9.01/SF
− OpEx
−$14.9K −$2.25/SF
NOI
$44.8K $6.75/SF
Area
Bartholomew County, IN
Vacancy
21.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$895,640
Cap Rate 7%
$639,743
Cap Rate 9%
$497,578
Alternative Uses
Best Use
Office B
$639.7K
$559.8K – $746.4K
NOI $44,782 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.28M
$1.12M – $1.50M
NOI $89,720 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
216
Businesses Nearby
Explore this area
Business Placement
Demographics for 47201, IN
45,969
Population
20,924
Households
2.2
Avg Household Size
36
Median Age
36%
College-Educated
92%
High-School Grad
201.2 sq mi
ZIP Area
228
Density / Sq Mi
$82,667
Median Household Income
$46,243
Median Earnings
$1,159
Median Rent
$217,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Private offices, shared work areas, and meeting rooms provide a flexible workplace layout.
Where is this office unit located?
The property is located at 380 PLAZA DR Columbus, IN.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: 6,630‑square‑foot office condominium with finished lower level; Private offices, conference rooms, kitchenette, and open work areas; Lower level includes a full kitchen, seminar area, exercise room, and shower bathroom
