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    State Road 9 Columbia City, IN 46725

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    State Road 9 Columbia City, IN 46725

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    • Land
    • 4.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 State Road 9

    Lot size
    4.50 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 4.5-acre agricultural land parcel presents a compelling investment opportunity in Whitley County, Indiana. Located on State Road 9 near the intersection of State Road 14, this property enjoys a prime location connecting Columbia City to Fort Wayne. The strategic positioning places it within the trajectory of growth emanating from Fort Wayne's expanding west side, offering significant future development potential. Currently zoned AG (Agricultural), the land is in raw condition, ideal for future development projects. The area shows a mix of zoning types, with nearby parcels exhibiting General Commercial (GC) and Industrial (IN) designations, suggesting potential for rezoning. The property's APN is 92-09-12-000-401.000-013. Its proximity to established businesses like Simmons Equipment Sales and Crossroads Inn underscores the area's commercial viability. This is a rare chance to acquire a sizable tract of land in a high-growth corridor, poised for significant appreciation. The asking price is $40,000. The property's address is S State Road 9, Columbia City, IN 46725. This represents a unique opportunity for investors seeking land with high development potential in a rapidly growing area. The property's location offers excellent visibility and accessibility, making it an attractive prospect for a variety of commercial ventures.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Columbia City
    County
    Whitley
    State
    Indiana
    Longitude
    -85.4702
    Latitude
    41.0723

    Comparable in this City

    • Value Estimation by Request

      4150 Meridian Rd

      Farms
      4150 Meridian Rd, Columbia City, IN 46725
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      63.88 Acres

      Old Trail Rd

      Farms • 63 SF
      0 Old Trail Rd, Columbia City, IN 46725
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    • Value Estimation by Request

      4341 Meridian Rd

      Farms
      4341 Meridian Rd, Columbia City, IN 46725
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    • Value Estimation by Request
      19.30 Acres

      1490 In-205

      Land • 19.30 Acres
      1490 In-205, Columbia City, IN 46725
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    • Value Estimation by Request
      1.10 Acres

      400 North St

      Land • 1 SF
      400 North St, Columbia City, IN 46725
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    • Value Estimation by Request
      0.43 Acres

      Walker Way

      Land • 0.43 Acres
      0 Walker Way, Columbia City, IN 46725
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    Similar Nearby for Sale

    • $875,825
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      Columbia City Agricultural Land Parcel

      51.9 acres of tillable land with wooded area.
      450 N 450 E, Columbia City, IN 46725
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    • $324,900
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      Commercial Land with US-30 Frontage

      5.7+/- acres of commercial property with high visibility.
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    • $1,237,500
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      Columbia City Agricultural Land Parcel

      75-acre agricultural land near Fort Wayne and Columbia City.
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    • New
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      Residential Land with Barn

      Two-acre residential land parcel with barn near Columbia City.
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    • $375,000
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      Agricultural Land in Columbia City

      15 acres of agricultural land for sale in Columbia City.
      S 300 W, Columbia City, IN 46725
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    • Contact for pricing

      19.25 Acres Corner Land Parcel

      Corner land parcel suitable for office or retail development.
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    Similar Nearby for Lease

    • $22 SF/Yr
      14,820 SF

      Retail Space on 1.47 Acres

      14,820 SF retail space for lease until July 2030.
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    • Contact for pricing
      15,261 SF

      Retail Space in Columbia Square

      Retail space available in Columbia City's Columbia Square.
      621 Country Side Dr, Columbia City, IN 46725
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    • $12 SF/Yr

      Retail Space For Lease

      Retail space available in Columbia Plaza strip center off US 30.
      539 N Line St, Columbia City, IN 46725
      View Details
    • $12 SF/Yr
      2,567 SF

      Retail Space Near US-30

      Retail space for lease near US-30 in Columbia City.
      539-541 N Line St, Columbia City, IN 46725
      View Details
    • Contact for pricing

      Retail Space in Columbia City

      Retail space for lease in Columbia Plaza strip center.
      539 N Line St, Columbia City, IN 46725
      View Details
    • Contact for pricing

      New Industrial Facility in Columbia

      New construction industrial facility with customizable space, available Summer 2024.
      1035 Rogers Dr, Columbia City, IN 46725
      View Details
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    State Road 9
    Columbia City, IN 46725
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    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
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