Flex Warehouse for
For Sale
$1,650,000
Pending
3930 W 700 N, Columbus, IN 47201
GPS-friendly flex warehouse property offering warehouse and office space for adaptable industrial operations.
Property Size7,824 SF
Days on Market92
Property Features for 3930 W 700 N
General Information
Standard status
Pending
Size
7,824 SF
Zoning
Industrial
Amenities
Central Air
Natural Gas, Radiant Floor
Chain Link, Gate
Concrete, Aggregate, Garage Door Opener, Gated
Building Details
Building Size
7,824 SF
Year Built
2024
Listing Agency:
RE/MAX Real Estate Professionals
(812) 372-2200
Listed By:
Christopher Braun · License #RB21000218
Source:
Evrealestate
Added: Jun 2
Changed: Aug 31
Last Checked: Aug 31 at 1:27PM
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 RE/MAX Real Estate Professionals
Investment Insights
Based on property information with market context.
This for-sale flex warehouse offering combines warehouse space with office units and office spaces, providing a versatile setup for tenants or owner-operators who need functional work areas alongside administrative space. The property is categorized broadly across warehouse, industrial, flex, and office-oriented commercial uses, which can support a range of practical operating needs.
The address is GPS friendly, and the property is located in Bartholomew County. This makes it straightforward to locate for interested buyers, brokers, and service providers during site visits.
From a practical fit standpoint, the flex-style mix is well suited to businesses that benefit from separating production, storage, or distribution from day-to-day office functions. It may also appeal to investors looking for a property type that can serve multiple operational models, including companies that require both warehouse utility and on-site work space for management or coordination.
The address is GPS friendly, and the property is located in Bartholomew County. This makes it straightforward to locate for interested buyers, brokers, and service providers during site visits.
From a practical fit standpoint, the flex-style mix is well suited to businesses that benefit from separating production, storage, or distribution from day-to-day office functions. It may also appeal to investors looking for a property type that can serve multiple operational models, including companies that require both warehouse utility and on-site work space for management or coordination.
Key Highlights
- 2024‑built flex warehouse with warehouse and office space for adaptable industrial operations
- Central air cooling and natural gas heat with radiant floor heating
- Fenced exterior with chain link and gated access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$55,664
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,113,280
$1.1M
Cap Rate 7%
$795,200
$795.2K
Cap Rate 9%
$618,489
$618.5K
Market Conditions
NOI Build-Up for 7,824 SF
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.
Gross rent
$70.4K $9.00/SF
− Vacancy
−$4.9K −$0.63/SF
EGI
$65.5K $8.37/SF
− OpEx
−$9.8K −$1.26/SF
NOI
$55.7K $7.11/SF
Area
Bartholomew County, IN
Vacancy
7.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,113,280
Cap Rate 7%
$795,200
Cap Rate 9%
$618,489
Alternative Uses
Best Use
Warehouse
$795.2K
$695.8K – $927.7K
NOI $55,664 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.51M
$1.32M – $1.76M
NOI $105,877 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
Well-served
Demand for This Use
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 Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - GPS-friendly flex warehouse property offering warehouse and office space for adaptable industrial operations.
Where is this warehouse located?
The property is located at 3930 W 700 N Columbus, IN.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 2024‑built flex warehouse with warehouse and office space for adaptable industrial operations; Central air cooling and natural gas heat with radiant floor heating; Fenced exterior with chain link and gated access
