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    Versatile Industrial Space in Fort Wayne Title is generated by Realmo AI

    1205 W Main Street, Fort Wayne, IN 46808

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    Claim this Listing
    For Lease
    $5,000/Mo $7 SF/Yr (calc)

    Warehouse, Office/Showroom - Fort Wayne, IN

    Type:Single Family Residence
    Property size:
    8,360 SF
    Lot size:
    0.22 Acres
    Added:
    Apr 14, 2026
    Days on Market:
    46
    Last Refresh:
    May 29 at 6:06 pm

    Property Features for 1205 W Main Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Single Family Residence
    Interior features
    Block, Other, Three Phase, Overhead Door 1, Delivery Door, Office Space
    Standard status
    Active
    APN
    02-12-03-476-002.000-074
    Size
    8,360 SF
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Expense value
    5000
    Expense
    Security Deposit

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1940
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Block, Brick
    Roof type
    Flat
    Architectural style
    Other

    We can help!

    Listing Contact
    Alyssa Schendel

    Listing agent Alyssa Schendel License #RB18002221

    Listing office North Eastern Group Realty 10808 LaCabreah Lane, Fort Wayne, IN

    Listing date Apr 14, 2026

    MLS# 202612864 Listing URL

    Copyright © 2026 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Over 8,000 sq ft of versatile industrial space in downtown Fort Wayne.
    • Flexible layout suitable for manufacturing, distribution, light assembly, or creative industrial uses.
    • Drive‑In Overhead Door for easy loading/unloading.
    • 14‑foot clear ceilings in large open warehouse area.
    • Ample Power & Utility Access with Three Phase Electrical.
    • Located in the dynamic downtown core with quick access to major thoroughfares.

    Overview

    This industrial space, situated in downtown Fort Wayne, provides a functional and flexible layout suitable for manufacturing, distribution, light assembly, or creative industrial uses. The property features a large, open warehouse area with 14-foot clear ceilings and a drive-in overhead door for loading and unloading. A front reception area is available for welcoming clients and vendors, along with private office space suitable for operations or management. The property also includes a break room/kitchenette. The space is equipped with ample power and utility access. The property is located in the downtown core, providing access to major thoroughfares, a strong labor force, and proximity to Fort Wayne’s growing business and innovation district. The lot size is 0.22 acres, and the property size is 8,360 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Gensic Creative Metals Production Facility Cre8ive Productions, Sales ... Marketing & Advertising

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Law Firm Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.157034
    Latitude
    41.078336

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    FAQs

    What type of property is this?
    Flex space - Functional industrial space in downtown Fort Wayne, ideal for various uses.
    Where is this flex space located?
    The property is located at 1205 W Main Street Fort Wayne, IN.
    What is the lease rate?
    The lease rate is $5,000 /Mo.
    What are key features of this property?
    This property features: Over 8,000 sq ft of versatile industrial space in downtown Fort Wayne.; Flexible layout suitable for manufacturing, distribution, light assembly, or creative industrial uses.; Drive‑In Overhead Door for easy loading/unloading.
    (260) 515-6059
    We can help!
    Listing Contact
    Alyssa Schendel
    Real Estate License ID: RB18002221
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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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    1205 W Main Street, Fort Wayne, IN 46808-3334
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