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    30 And Sr 109 Columbia City, IN 46725

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    30 And Sr 109 Columbia City, IN 46725

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    • Retail properties & Spaces
    • 250,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 30 And Sr 109

    Property size
    250,000 SF
    Property type
    Retail properties & Spaces

    Description

    This prime retail space, located at the intersection of US 30 and SR 109 in Columbia City, Indiana, offers an exceptional opportunity for businesses seeking high visibility and convenient access. The Towne & Country Shopping Center boasts a total of 250,000 square feet and features ample parking with 575 spaces. Currently, there is 16,000 square feet of contiguous space available for lease, divisible into units as small as 1,600 square feet, providing flexibility for various business needs. The property is situated in Whitley County and benefits from its strategic location along major thoroughfares, ensuring high traffic volume and excellent exposure to potential customers. The entire shopping center is comprised of a single building, creating a cohesive and attractive retail environment. This is an ideal location for businesses seeking a strong presence in a thriving community. The available space presents a unique chance to establish or expand a retail operation in a well-established shopping center with significant foot traffic. The property's address is conveniently located at US 30 and SR 109, Columbia City, IN 46725.

    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
    -85.4915
    Latitude
    41.169

    Comparable in this City

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      1.10 Acres

      400 North St

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      0.25 Acres

      Ellsworth St

      PARKING LOT • 0.25 Acres
      Ellsworth St, Columbia City, IN 46725
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    • Value Estimation by Request
      0.28 Acres

      Main St

      PARKING LOT • 0.28 Acres
      Main St, Columbia City, IN 46725
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    • Value Estimation by Request
      8,432 SF

      125 Eagle Gln Trl

      RETAIL STORES (PERSONAL SERVICES) • 8,432 SF
      125 Eagle Gln Trl, Columbia City, IN 46725-7516
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    • Value Estimation by Request
      2,520 SF

      124 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,520 SF
      124 Main St, Columbia City, IN 46725-2134
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    • Value Estimation by Request
      6,992 SF

      Main St

      AUTO REPAIR, GARAGE • 6,992 SF
      Main St, Columbia City, IN 46725
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      Remodeled Mixed-Use Commercial Building

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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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      15,261 SF

      Retail Space in Columbia Square

      Retail space available in Columbia City's Columbia Square.
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    • $12 SF/Yr

      Retail Space For Lease

      Retail space available in Columbia Plaza strip center off US 30.
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      Retail Space in Columbia City

      Retail space for lease in Columbia Plaza strip center.
      539 N Line St, Columbia City, IN 46725
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      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
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    • $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
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    30 And Sr 109
    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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