Auburn Professional Village Office
1348 South Grandstaff Drive Auburn, IN
For Sale
Contact for pricing
Office condos for sale in Auburn Professional Village.
Property Size2,304 SF
Lot Size5.07 Acres
Price / SF$97.66
Days on Market644
Property Features for 1348 South Grandstaff Drive
General Information
Standard status
Active
Size
2,304 SF
Lot size
5.07 Acres
Property subtype
OFFICE
Listing Agency:
Sturges Property Group
(260) 424-8448
Listed By:
Ian Smith · License #RB14026402
(260) 424-8448
Source:
Moodyscre
Added: Oct 24, 2024
Changed: Jul 6
Last Checked: Jul 21 at 5:31AM
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 Sturges Property Group
Investment Insights
Based on property information with market context.
Multiple office condos are available for lease at the Auburn Professional Village, offering a variety of floor plans suitable for growing businesses. Units 1340-1350 are contiguous and can be combined to offer a total space of 15,888 square feet. One of the available units is 1348 South Grandstaff Drive, Auburn, IN, featuring 2,304 square feet. The Auburn Professional Village is located one mile off I-69 Exit 329 and 20 miles north of Fort Wayne, providing a location within the city of Auburn. Situated south of US 6, it is also minutes from downtown Auburn. Neighboring businesses include the Auburn BMV Branch, Lassiter Advertising, and Fort Financial Credit Union.
Key Highlights
- Contiguous units (1340‑1350) offer a large, combined space of 15,888 SF.
- Located one mile from I‑69 Exit 329, providing excellent accessibility.
- Suitable for a growing business with a variety of floor plans available.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.2k | $14.40 |
| − Vacancy | −$8.0k | −$3.46 |
| EGI | $25.2k | $10.94 |
| − OpEx | −$6.3k | −$2.74 |
| NOI | $18.9k | $8.21 |
2,304 SF · lease $14.40/SF/yr · vacancy 24.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$270.2K
$236.4K – $315.2K
NOI $18,911 @ 7.0% cap · market cap 8.40%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.89M
$1.65M – $2.20M
NOI $132,293 @ 7.0% cap · market cap 58.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Office condos for sale in Auburn Professional Village.
Where is this office units located?
The property is located at 1348 South Grandstaff Drive Auburn, IN.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Contiguous units (1340‑1350) offer a large, combined space of **15,888 SF**.; Located **one mile from I‑69 Exit 329**, providing excellent accessibility.; Suitable for a growing business with a variety of floor plans available.
