Freestanding Built-Out
1203 Apple Glen Blvd. Fort Wayne, IN 46804
1203 Apple Glen Blvd., Fort Wayne, IN, 46804
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For Sale
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Freestanding built-out restaurant offering 8,076 SF on 1.07 acres with access from multiple major roads.
Property Size8,076 SF
Lot Size1.07 Acres
Price / SF$297.18
Days on Market23
Property Features for 1203 Apple Glen Blvd.
General Information
- Standard status
- Active
- Size
- 8,076 SF
- Lot size
- 1.07 Acres
- Property subtype
- Retail
Listing agency
Veritas Realty
(317) 789-8171
Listed by
Seth Biggerstaff · License #IN RB14049856
Source
Crexi
Added: Jul 1 Updated: Jul 22 at 11:22PM Checked: Jul 22 at 11:22PM
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 Veritas Realty
Investment Insights
Based on property information with market context.
This freestanding restaurant is offered as a built-out space, totaling 8,076 SF on 1.07 acres. The property is positioned for straightforward operations with the improvements already in place.
It is located in a super regional trade area in Fort Wayne, IN with prominent visibility to the stoplight at Illinois and Apple Glen Blvd. Access is available from Illinois Road, Apple Glen Blvd., and Jefferson Blvd, and the property is close to I-69. Additional nearby demand drivers include Lutheran Hospital (396 beds).
The combination of a built-out restaurant configuration, multiple access points, and high-traffic exposure supports a range of restaurant concepts seeking an established site.
It is located in a super regional trade area in Fort Wayne, IN with prominent visibility to the stoplight at Illinois and Apple Glen Blvd. Access is available from Illinois Road, Apple Glen Blvd., and Jefferson Blvd, and the property is close to I-69. Additional nearby demand drivers include Lutheran Hospital (396 beds).
The combination of a built-out restaurant configuration, multiple access points, and high-traffic exposure supports a range of restaurant concepts seeking an established site.
Key Highlights
- Freestanding built‑out restaurant totaling 8,076 SF
- Sits on 1.07 acres
- Outstanding visibility to the stoplight of Illinois Rd & Apple Glen Blvd with 44,000 cars/day
Local Financial Insights For Specialty Retail
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 | $128.9k | $15.96 |
| − Vacancy | −$9.7k | −$1.20 |
| EGI | $119.2k | $14.76 |
| − OpEx | −$29.8k | −$3.69 |
| NOI | $89.4k | $11.07 |
8,076 SF · lease $15.96/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.28M
$1.12M – $1.49M
NOI $89,419 @ 7.0% cap · market cap 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$6.75M
$5.90M – $7.87M
NOI $472,257 @ 7.0% cap · market cap 19.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
The Burger Experience
Restaurant
The Wing Experience
Restaurant
Smokey Bones Fort ...
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- Great Wall Buffet — 3824 W Jefferson Blvd, Fort Wayne, IN 46804
FAQs
What type of property is this?
Conventional restaurant - Freestanding built-out restaurant offering 8,076 SF on 1.07 acres with access from multiple major roads.
Where is this conventional restaurant located?
The property is located at 1203 Apple Glen Blvd. Fort Wayne, IN.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Freestanding built‑out restaurant totaling 8,076 SF; Sits on 1.07 acres; Outstanding visibility to the stoplight of Illinois Rd & Apple Glen Blvd with 44,000 cars/day
