Professional Office Building Investment
12820 Coldwater Rd, Fort Wayne, IN 46845
Call to check price and availability
Well-maintained office building in desirable location with income potential.
Type:Office
Property size:
6,205 SFLot size:
0.57 AcresPrice / SF:
$174/SF- Added:
- Sep 30, 2025
- Days on Market:
- 246
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 12820 Coldwater Rd
General Information
- Standard status
- Active
- Size
- 6,205 SF
- Lot size
- 0.57 Acres
- Property subtype
- Office
Building Details
- Year Built
- 2006
Listing agent Carolyn Spake-Leeper, SIOR License #IN RB14041366
Listing office Bradley Company Fort Wayne (260) 437-8745
Listing date Sep 30, 2025
Source Crexi
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 Bradley Company Fort Wayne
HighLights
- Prime location in a desirable professional corridor with excellent accessibility.
- Modern, well‑maintained building constructed in 2006 with 6,205 square feet across four suites.
- Immediate income generation with 67% occupancy and potential for increased revenue.
- Flexible C‑1 zoning suitable for a wide range of professional office and personal service uses.
- Located within the highly regarded Northwest Allen County School district and near established residential subdivisions.
- Ideal for owner‑occupant with 2,070 square feet available, offering flexibility and control.
Overview
This professional office building, constructed in 2006, offers 6,205 square feet across four suites and is zoned C-1 for professional office and personal services. Currently 67% occupied, the property generates income with potential for growth. A 2,070-square-foot space is available, offering flexibility for an owner-occupant or lease-up potential. Situated on a 0.57-acre lot in Watersong Office Park, the building provides accessibility in a growing professional corridor. Its location near Dupont and Parkview North Hospitals, Union Chapel Road, and major interstates I-69 and I-469 ensures connectivity for clients and employees. Located within the Northwest Allen County School district and near established residential subdivisions, the building benefits from a strong demographic base. The property is suitable for medical, legal, financial, or other professional service firms looking to expand or relocate.
Local 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 | $105.7k | $17.04 |
| − Vacancy | −$14.4k | −$2.33 |
| EGI | $91.3k | $14.71 |
| − OpEx | −$22.8k | −$3.68 |
| NOI | $68.5k | $11.03 |
6,205 SF · lease $17.04/SF/yr · vacancy 13.66% · expense 25.00%
Alternative Uses
Best Use
Office B
$978.1K
$855.9K – $1.14M
NOI $68,468 @ 7.0% cap · market cap 6.31%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$5.18M
$4.54M – $6.05M
NOI $362,847 @ 7.0% cap · market cap 33.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Creditmax
Credit Union
Frisco Lender Services, ...
Real Estate Agency
Liberty Title and Escrow ...
Title Company
Fort Wayne Wildlife ...
Garden Center
Location Insight
- Map
- Local Demand
- City
- Fort Wayne
- County
- Allen
- State
- Indiana
- Longitude
- -85.131815
- Latitude
- 41.2010516
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FAQs
What type of property is this?
Office building - Well-maintained office building in desirable location with income potential.
Where is this office building located?
The property is located at 12820 Coldwater Rd Fort Wayne, IN.
What is the asking price?
The asking price for this property is $1,085,000.
What are key features of this property?
This property features: Prime location in a desirable professional corridor with excellent accessibility.; Modern, well‑maintained building constructed in 2006 with 6,205 square feet across four suites.; Immediate income generation with 67% occupancy and potential for increased revenue.
