Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    400 East S Road Columbia City, IN 46725

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    230 acres of cropland for sale via auction.

    Type:Lots & Lands / Agricultural Land
    Property size:
    3,855,060 SF
    Lot size:
    230.00 Acres
    Added:
    Mar 21, 2026
    Days on Market:
    27
    Last Refresh:
    Mar 21 at 8:10 pm

    Property Features for 400 East S Road

    General Information

    Standard status
    Active
    Size
    3,855,060 SF
    Lot size
    230.00 Acres
    Property subtype
    Lots & Lands / Agricultural Land

    We can help!

    Listing Contact
    Chad Metzger

    Listing agent Chad Metzger License #RB14045939

    Listing office Metzger Property Services, LLC

    Listing date Mar 21, 2026

    Source Compass

    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 Metzger Property Services, LLC

    Overview

    230 Acres Cropland Auction

    This property features 230 acres of land to be sold at auction. The land includes approximately 88.5 acres of tillable cropland with a soil index of 128.2. The property is identified as Tract 3 and offers potential building sites. The land can be bid on individually, in combination with other tracts, or as an entirety.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Columbia City
    County
    Whitley
    State
    Indiana
    Longitude
    -85.4827885
    Latitude
    41.1038549

    Nearby Similar for Sale

    • $485,000

      Versatile Commercial Building in Columbia City

      Two-story commercial building with income potential in downtown Columbia City.
      215 E Van Buren Street, Columbia City, IN 46725
      View Details
    • $1,999,000

      Columbia City Mixed-Use Opportunity

      Versatile property suitable for showroom, warehouse, or light industrial use.
      665 W Connexion Way, Columbia City, IN 46725
      View Details
    • $399,900

      Versatile Mixed-Use Property

      Mixed-use property in prime location with parking and operational space.
      505 W Business 30, Columbia City, IN 46725
      View Details
    • $249,900
      3,754 SF

      Fully Occupied Columbia City Sixplex

      Six-unit apartment building near downtown Columbia City, Indiana.
      208 E Van Buren Street, Columbia City, IN 46725
      View Details
    • $265,000

      Adaptable Commercial Building with Infrastructure

      Versatile commercial property with open floor plan and strong infrastructure.
      550 W Old Trail Road, Columbia City, IN 46725
      View Details
    • $284,900

      Remodeled Mixed-Use Commercial Building

      Queen Anne-style building with updated interiors in downtown Columbia City.
      126 N Main Street, Columbia City, IN 46725-2134
      View Details
    • $379,000
      4,312 SF

      Columbia City Sixplex Investment Opportunity

      Six-unit multifamily property with proven rental history on 1.21 acres.
      4865 W US 30 Highway, Columbia City, IN 46725-8100
      View Details
    • $54,900

      Residential Land in Golf Community

      Build-ready lot in a desirable golf course community.
      2341 E Whispering Trail, Columbia City, IN 46725
      View Details
    • $175,000

      Armstrong Park Build-Ready Land

      0.80-acre lot in Armstrong Park with development potential.
      0 W Connexion Way, Columbia City, IN 46725
      View Details
    • $34,900

      Residential Land in Golf Community

      Residential land in a premier golf course community.
      342 S Cross Creek Way, Columbia City, IN 46725
      View Details
    • $54,900

      Residential Land in Golf Community

      Build-ready lot in established golf course community.
      2317 E Whispering Trail, Columbia City, IN 46725
      View Details
    • $45,900

      Residential Land in Columbia City

      Residential lot in a desirable Columbia City subdivision.
      362 W Orchid Court, Columbia City, IN 46725
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 230 acres of cropland for sale via auction.
    Where is this agricultural land / farmland located?
    The property is located at 400 East S Road Columbia City, IN.
    What are key features of this property?
    This property features: 88.5+\/- Acres of Tillable Cropland; High Soil Index of 128.2; 230± Acres Total Property Size
    (260) 982-0238
    We can help!
    Listing Contact
    Chad Metzger
    Real Estate License ID: RB14045939
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!