Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    533 Line St Columbia City, IN 46725-1229
    Property profile & analytics

    533 Line St Columbia City, IN 46725-1229

    View on Map
    • Retail space
    • 3,304 SF
    • 1.02 lot acres
    Off-Market
    Property ID
    US31-2094938
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 533 Line St

    Year built
    1922
    Construction
    WOOD
    Lot size
    1.02 lot acres
    Property size
    3,304 SF
    Property type
    Retail space
    APN
    92-06-03-000-216.000-004
    APU
    920603000216000004

    Description

    This exceptional investment opportunity presents a 2,372 square foot Class B auto shop/used car dealership located at 533 N Line St, Columbia City, IN 46725. Currently 100% occupied by Superior Auto under a modified lease with a corporate guarantee, the property boasts a strong 10.41% cap rate and a substantial net operating income (NOI) of $34,874. The lease commenced September 1, 2023, and has a remaining term of approximately 1.8 years, expiring August 31, 2026, with lease options available. Situated on a 1.02-acre lot, the property includes 10 parking spaces and benefits from high visibility due to its location just past the US 30 stoplight, connecting to two shopping centers with significant daily traffic (an average of 10,410 vehicles in 2022). The property's strategic location offers excellent exposure and accessibility. Built in 1922, this single-unit building is zoned GB, allowing for a variety of uses including restaurants with drive-throughs and retail stores. Nearby businesses include Little Caesar's, Blue Collar Cuts, and Walgreens. This is a rare chance to acquire a well-performing asset in a thriving commercial area. Contact for rent bump details.

    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
    Columbia City
    County
    Whitley
    State
    Indiana
    Longitude
    -85.4922
    Latitude
    41.1672
    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
    $2,605
    $49,000
    $66,500
    $115,500
    -
    $49,000
    $66,500
    $115,500

    Comparable in this City

    • 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
      View Details
    • 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
      View Details
    • Value Estimation by Request
      980 SF

      302 Main St

      RETAIL STORES (PERSONAL SERVICES) • 980 SF
      302 Main St, Columbia City, IN 46725-2142
      View Details
    • Value Estimation by Request
      1,392 SF

      1051 State Rd 205

      RETAIL STORES (PERSONAL SERVICES) • 1,392 SF
      1051 State Rd 205, Columbia City, IN 46725
      View Details
    • Value Estimation by Request
      4,900 SF

      225 Van Buren St

      RETAIL STORES (PERSONAL SERVICES) • 4,900 SF
      225 Van Buren St, Columbia City, IN 46725-2037
      View Details
    • Value Estimation by Request
      8,516 SF

      7067 500th E

      RETAIL STORES (PERSONAL SERVICES) • 8,516 SF
      7067 500th E, Columbia City, IN 46725-7627
      View Details

    Similar Nearby for Sale

    • $284,900
      Pending

      Remodeled Mixed-Use Commercial Building

      Queen Anne-style building with updated interiors in downtown Columbia City.
      126 N Main St, Columbia City, IN 46725
      View Details
    • Contact for pricing
      7,920 SF

      Former Grocery and Gas Station

      7,920 SF commercial property on 4.72 acres in Columbia City.
      5418 S State Road 109, Columbia City, IN 46725
      View Details
    • Contact for pricing
      22,185 SF

      ALDI Leased Investment Opportunity

      Retail property with long-term lease in a dense retail corridor.
      551 North Line St, Columbia City, IN 46725
      View Details
    • Contact for pricing
      74,139 SF

      Commercial/Industrial Opportunity in Columbia City

      Versatile commercial property suitable for showroom, warehouse, or light industrial.
      665 W Connexion Way, Columbia City, IN 46725
      View Details
    • Contact for pricing
      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
    • New
      $265,000
      Pending

      Adaptable Commercial Building with Infrastructure

      Versatile commercial property with open floor plan and strong infrastructure.
      550 W Old Trail Rd, 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
      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
      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
    • 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
    • $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.
    533 Line St
    Columbia City, IN 46725-1229
    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

    Thank You for Inquiry
    533 Line St, Columbia City, IN, 46725
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!