1980 National Rd Columbus, IN 47201-4505
Property Lookup
Property profile & analytics
1980 National Rd Columbus, IN 47201-4505
- Medical Office Space
- 1,518 SF
- 0.46 lot acres
Property ID
US31-1753348
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Sleep Number / Furniture & Home Goods
Property Details for 1980 National Rd
- Year built
- 1957
- Construction
- WOOD
- Lot size
- 0.46 lot acres
- Property size
- 1,518 SF
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 03-96-17-340-000.800-005
- APU
- 39617340000800005
Description
This exceptional investment opportunity presents a brand-new, Class A, 5,300 square foot shopping center in Columbus, Indiana. Located at 1980 N National Rd, this 100% occupied property boasts three tenants: Sleep Number, Cricket Wireless, and Stanton Optical, all under long-term leases. The center features a desirable NNN lease structure with a corporate guarantee, providing strong financial stability. Leases commenced January 18, 2024, and extend for a total of 10 years, with a remaining term of 9.2 years. Rent increases are built in, with 3% annual bumps and a 10% increase every five years, offering excellent inflation protection. The property sits on a 0.46-acre lot and benefits from high visibility and traffic counts (47,261 vehicles per day). The strong tenant mix, including a nationally recognized brand like Sleep Number, contributes to a robust net operating income (NOI) of $246,650, resulting in a compelling 6.55% cap rate. The asking price is $3,765,500, translating to a price per square foot of $710.47. This fee-simple ownership opportunity is ideal for 1031 exchange investors or those seeking passive income. The property's location within a thriving retail corridor, near a Target-anchored shopping center, further enhances its investment appeal. Columbus, Indiana, itself offers a strong economic environment, ranking highly in various national economic indicators. This property represents a secure and profitable investment in a prime retail location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Bartholomew
- State
- Indiana
- Longitude
- -85.8867
- Latitude
- 39.2187
- CBSA code
- 18020
- CBSA name
- COLUMBUS, IN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$18,208
$357,700
$337,700
$695,400
-
$357,700
$337,700
$695,400
