Auto Service Building Near Highway

7811 N Southtown Crossing, Fort Wayne, IN

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For Sale

Contact for pricing

7,740 SF auto service building on 1.4 acres.

Type:RETAIL

Property size:

7,740 SF

Lot size:

1.40 Acres

Price / SF:

$174/SF

HighLights

10 bay fully equipped auto service building
Located along Hwy 27 (7,400+ VPD)
Pad site to Super Walmart & Menards
1.40+/- acre site
4.5 miles south of Downtown Fort Wayne
4 miles from Fort Wayne International Airport

We can help!

Listing Contact

John Packwood

For Sale

Contact for pricing

7,740 SF auto service building on 1.4 acres.

Type:RETAIL

Property size:

7,740 SF

Lot size:

1.40 Acres

Price / SF:

$174/SF

Added:: Dec 11, 2024
Days on Market:: 550
Last Refresh:: May 20 at 9:06 pm

Property Features for 7811 N Southtown Crossing

General Information

Standard status: Active
Size: 7,740 SF
Lot size: 1.40 Acres
Property subtype: RETAIL

We can help!

Listing Contact

John Packwood

Listing agent John Packwood

Listing office Secure Net Lease - Dallas

Listing date Dec 11, 2024

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Secure Net Lease - Dallas

HighLights

10 bay fully equipped auto service building
Located along Hwy 27 (7,400+ VPD)
Pad site to Super Walmart & Menards
1.40+/- acre site
4.5 miles south of Downtown Fort Wayne
4 miles from Fort Wayne International Airport

Overview

This is a 7,740 square foot auto service building constructed in 2005, situated on a 1.4 acre site. The building features 10 bays and is fully equipped for auto service. Previously occupied by Firestone Complete Auto Care, the property is located along Highway 27, a main north-south thoroughfare connecting South Fort Wayne with downtown, with a traffic volume of over 7,400 vehicles per day. It is a pad site to a Super Walmart and Menards, and is located across from Planet Fitness and near many recent commercial developments. The property is located approximately 4.5 miles south of downtown Fort Wayne, with a population of 103,021 within a 5-mile radius. It is also located 4 miles from Fort Wayne International Airport, a transportation hub for northeastern Indiana. Fort Wayne is the economic hub of Northeast Indiana, with a population of 269,994.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$116.1k	$15.00
− Vacancy	−$9.9k	−$1.28
EGI	$106.2k	$13.73
− OpEx	−$31.9k	−$4.12
NOI	$74.4k	$9.61

7,740 SF · lease $15.00/SF/yr · vacancy 8.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$1.06M

$929.5K – $1.24M (±1% cap)

NOI $74,362 @ 7.0% cap · market cap 5.51%

Second Best

Industrial

$661.8K

$579.1K – $772.1K (±1% cap)

NOI $46,324 @ 7.0% cap · market cap 3.43%

Theoretical Best

Multifamily LT 5

$6.47M

$5.66M – $7.54M (±1% cap)

NOI $452,609 @ 7.0% cap · market cap 33.53%

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

Property Profile Location Intelligence

Current Use by Public Records

Auto shops

Suggested Use

Similar Places Nearby

ANTHONY TIRE SHOP — Woodside Ave, Fort Wayne, IN 46816
KMH Auto Repair — 1715 E Tillman Rd, Fort Wayne, IN 46816
Walmart Auto Care Centers — 7502 N Southtown Crossing, Fort Wayne, IN 46816
Caliber Collision — 7851 N Southtown Crossing, Fort Wayne, IN 46816
HT AUTO REPAIR & SERVICE — 1715 E Tillman Rd, Fort Wayne, IN 46816

Location Insight

Map
Local Demand

City: Fort Wayne
County: Allen
State: Indiana
Longitude: -85.115
Latitude: 41.0139

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For sale
Auto shops
IN
Fort Wayne
7811 N Southtown Crossing

What type of property is this?

Auto shop - 7,740 SF auto service building on 1.4 acres.

Where is this auto shop located?

The property is located at 7811 N Southtown Crossing Fort Wayne, IN.

What is the asking price?

The asking price for this property is $1,350,000.

What are key features of this property?

This property features: 10 bay fully equipped auto service building; Located along Hwy 27 (7,400+ VPD); Pad site to Super Walmart & Menards

7811 N Southtown Crossing, Fort Wayne, IN

7,740 SF auto service building on 1.4 acres.

Property Features for 7811 N Southtown Crossing

General Information

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Mixed-Use Motel and Apartment Property

Renovated Triplex with Short-Term Units

Aboite Township Mixed-Use Opportunity

Modern Manufacturing Facility in Centennial Park

Historic Landmark Ready for Renovation

Immaculate Church Building on Corner Lot

Downtown Fort Wayne Bar Property

Multi-Use Building in Fort Wayne

Five-Unit Brick Apartment Building

Mixed-Use Property Near Google Center

Restaurant and Redevelopment Opportunity

Fully Rented Eight-Unit Building

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