Office/Warehouse Building in Park
For Sale
$6,421,666
4447 E Park 30 Dr Columbia, Columbia City, IN 46725
Office and warehouse space on 4.42 acres in Columbia City.
Property Size53,500 SF
Lot Size4.42 Acres
Price / SF$120.03
Days on Market231
Property Features for 4447 E Park 30 Dr Columbia
General Information
Standard status
Active
Size
53,500 SF
Class
C
Lot size
4.42 Acres
Property subtype
Warehouse
Building Details
Building Size
53,500 SF
Year Built
1998
Listing Agency:
NAI Hanning & Bean
Listed By:
Ian Deiser · License ##RB18000493
(260) 452-5153
Source:
Thebrokerlist
Added: Feb 26
Changed: Oct 1
Last Checked: Oct 14 at 7:37PM
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 NAI Hanning & Bean
Investment Insights
Based on property information with market context.
This office and warehouse building is situated on 4.42 acres in Park 30 industrial park. The heated warehouse space measures 43,000 square feet, complemented by 10,500 square feet of office space. Loading is facilitated by three docks with levelers and two overhead doors, one measuring 12'x10' and another measuring 16'x14'. The building is powered by 1200 Amp, 480/277 Volt, 3 Phase electric, with an additional 300 KVA transformer. The total warehouse space is 53,500 square feet with 10,500 square feet of office space. The property is zoned IPM.
Key Highlights
- Large 53,500 SF warehouse with 10,500 SF office space
- Located on a sizable 4.42‑acre lot
- High power capacity: 1200 Amp, 480/277 Volt, 3 Phase electric with 300 KVA transformer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$590,332
Cap Rate
9.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,806,640
$11.8M
Cap Rate 7%
$8,433,314
$8.4M
Cap Rate 9%
$6,559,244
$6.6M
Market Conditions
NOI Build-Up for 53,500 SF
Gross rent
$911.6K $17.04/SF
− Vacancy
−$124.5K −$2.33/SF
EGI
$787.1K $14.71/SF
− OpEx
−$196.8K −$3.68/SF
NOI
$590.3K $11.03/SF
Area
Whitley County, IN
Vacancy
13.66%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,806,640
Cap Rate 7%
$8,433,314
Cap Rate 9%
$6,559,244
Alternative Uses
Best Use
Office B
$8.43M
$7.38M – $9.84M
NOI $590,332 @ 7.0% cap · market cap 9.19%
Second Best
Warehouse
$6.18M
$5.41M – $7.21M
NOI $432,549 @ 7.0% cap · market cap 6.74%
Theoretical Best
Multifamily LT 5
$44.69M
$39.11M – $52.14M
NOI $3,128,498 @ 7.0% cap · market cap 48.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
29
Businesses Nearby
Well-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - Office and warehouse space on 4.42 acres in Columbia City.
Where is this warehouse located?
The property is located at 4447 E Park 30 Dr Columbia Columbia City, IN.
What is the asking price?
The asking price for this property is $6,421,666.
What are key features of this property?
This property features: Large 53,500 SF warehouse with **10,500 SF office space**; Located on a sizable 4.42‑acre lot; High power capacity: 1200 Amp, 480/277 Volt, 3 Phase electric with 300 KVA transformer
