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Property profile & analytics

1980 National Rd Columbus, IN 47201-4505

  • Medical offices
  • 1,518 SF
  • 0.46 lot acres
OFF-MARKET
Value Estimation
Last Sale
Nov 09, 2022
Location Intelligence
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.

Current Use by Public Records

  • Sleep Number / Furniture Store / Home Goods Store

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 offices
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 Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

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
More about this property
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