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

    235 Frontage Rd Columbia City, IN 46725-1003

    • Hotels
    • 29,488 SF
    • 2.25 lot acres
    OFF-MARKET
    Value Estimations
    $1,385,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-2086450
    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

    • Hotels

    Property Details for 235 Frontage Rd

    Year built
    1986
    Construction
    WOOD
    Lot size
    2.25 lot acres
    Property size
    29,488 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    92-06-02-000-405.000-004
    APU
    920602000405000004

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,955,000
      WAREHOUSE, STORAGE
      $1,125,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Columbia City
    County
    Whitley
    State
    Indiana
    Longitude
    -85.4876
    Latitude
    41.1695
    CBSA code
    23060
    CBSA name
    FORT WAYNE, 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
    $18,328
    $358,500
    $454,000
    $812,500
    -
    $358,500
    $454,000
    $812,500

    Comparable in this City

    • Value Estimation by Request
      4,160 SF

      154 Walker Way

      HOTEL/MOTEL • 4,160 SF
      154 Walker Way, Columbia City, IN 46725-1334
      View Details
    • Value Estimation
      $1,375,000
      28,338 SF

      701 Connexion Way

      HOTEL/MOTEL • 28,338 SF
      701 Connexion Way, Columbia City, IN 46725-1033
      View Details
    • Value Estimation
      $1,955,000
      40,419 SF

      608 Opportunity Dr

      HOTEL/MOTEL • 40,419 SF
      608 Opportunity Dr, Columbia City, IN 46725-1041
      View Details
    • Value Estimation by Request
      6,148 SF

      500 Business 30

      HOTEL/MOTEL • 6,148 SF
      500 Business 30, Columbia City, IN 46725-8707
      View Details
    • Value Estimation by Request
      24,458 SF

      351 Plz Dr

      HOTEL/MOTEL • 24,458 SF
      351 Plz Dr, Columbia City, IN 46725-1024
      View Details
    • Value Estimation by Request
      10.02 Acres

      2480 800

      Distribution properties • 1,800 SF
      2480 800, Columbia City, IN 46725
      View Details

    Similar Nearby for Sale

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      View Details
    • $875,825
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      Columbia City Agricultural Land Parcel

      51.9 acres of tillable land with wooded area.
      N 450 E, Columbia City, IN 46725
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    • $399,900
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      Versatile Mixed-Use Property

      Mixed-use property in prime location with parking and operational space.
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    • $275,000

      Highway Frontage Commercial Land Parcel

      5.02 acre commercial land with highway visibility.
      3360 E Lincolnway, Columbia City, IN 46725
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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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    • $52,500
      0.37 Acres

      Residential Land in Oakdale Ridge

      Residential lot in Columbia City's desirable Oakdale Ridge subdivision.
      362 W Orchid Ct, Columbia City, IN 46725
      View Details

    Similar Nearby for Lease

    • $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
    • $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
    • $825,000
      8,255 SF

      Columbia City Office Space Available

      8,255 SF office space in the heart of Columbia City.
      119 W Market 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
    • Contact for pricing
      11,319 SF

      Line Street Center Retail Space

      Columbia City, IN retail opportunity.
      531 Line St, Columbia City, IN 46725
      View Details
    • $7 SF/Yr
      30,000 SF

      Columbia City Warehouse - 30,000 SF

      New Industrial Warehouse, 30,000 SF, Columbia City, IN
      1035 Rogers Dr, Columbia City, IN 46725
      View Details

    Property Visit Statistics

    • Visits by month
      853
    • Visitors by month
      424
    • Avg Time on site
      333 min
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    235 Frontage Rd
    Columbia City, IN 46725-1003
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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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