Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    State Road 9 Columbia City, IN 46725

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    State Road 9 Columbia City, IN 46725

    View on Map
    • Land
    • 4.60 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
    4.60 lot acres
    Property type
    Land

    Description

    This exceptional 4.6-acre commercial land parcel presents a remarkable investment opportunity in Columbia City, Indiana. Located on S. State Road 9 and Radio Road, this strategically positioned site boasts excellent visibility and accessibility. The property is zoned GB - General Business, allowing for a wide range of commercial developments. Its proximity to Columbia City High School ensures high traffic volume and visibility. The lot is divisible, offering flexibility for developers seeking smaller parcels. This location is ideal for retail establishments, particularly those seeking a stand-alone drive-thru presence. The significant road frontage maximizes exposure for any business. For developers, the owner is open to build-to-suit options, allowing tenants to design and customize the space to meet their specific needs. The APN is 92-06-14-000-405.000-003. This property represents a rare chance to secure a prime commercial site in a thriving community. Don't miss this opportunity to establish your business in a high-traffic, highly visible location. Contact us today to learn more about this exceptional property.

    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
    -85.4883
    Latitude
    41.1469

    Comparable in this City

    • Value Estimation by Request
      19.30 Acres

      1490 In-205

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

      400 North St

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

      Walker Way

      Land • 0.43 Acres
      0 Walker Way, Columbia City, IN 46725
      View Details
    • Value Estimation by Request
      4.60 Acres

      State Road 9

      Land • 4.60 Acres
      0 State Road 9, Columbia City, IN 46725
      View Details
    • Value Estimation by Request
      0.48 Acres

      US-30 Bus

      Land • 0.48 Acres
      US-30 Bus, Columbia City, IN 46725
      View Details
    • Value Estimation by Request
      4.50 Acres

      State Road 9

      Farms • 4.50 Acres
      0 State Road 9, Columbia City, IN 46725
      View Details

    Similar Nearby for Sale

    • $875,825
      51.90 Acres

      Columbia City Agricultural Land Parcel

      51.9 acres of tillable land with wooded area.
      450 N 450 E, Columbia City, IN 46725
      View Details
    • $375,000
      15.00 Acres

      Agricultural Land in Columbia City

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

      19.25 Acres Corner Land Parcel

      Corner land parcel suitable for office or retail development.
      1490 In-205, Columbia City, IN 46725
      View Details
    • $275,000

      Highway Frontage Commercial Land Parcel

      5.02 acre commercial land with highway visibility.
      3360 E Lincolnway, Columbia City, IN 46725
      View Details
    • Contact for pricing

      Prime Commercial Lot in Columbia

      0.82 AC commercial lot near Hwy 30 & SR 109.
      30 & Sr 109, Columbia City, IN 46725
      View Details
    • $45,900
      0.37 Acres

      Residential Land in Columbia City

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

    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.
      535 N Line St, Columbia City, IN 46725
      View Details
    • 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
      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
    • 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
      5,533 SF

      Retail Space in Columbia City

      Retail space for lease in the heart of Columbia City.
      405 N Line St, Columbia City, IN 46725
      View Details
    • $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
    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.
    State Road 9
    Columbia City, IN 46725
    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!