Auburn Professional Village Office
For Sale
Contact for pricing
1348 South Grandstaff Drive, Auburn, IN
Office condos for sale in Auburn Professional Village.
Property Size2,304 SF
Lot Size5.07 Acres
Price / SF$97.66
Days on Market735
Property Features for 1348 South Grandstaff Drive
General Information
Standard status
Active
Size
2,304 SF
Lot size
5.07 Acres
Property subtype
OFFICE
Lease Type
NNN
Properties For Sale
at 1348 South Grandstaff Drive
Auburn Professional Village
AVAILABLE, Now
Floor
Bldg
Size
2,304 SF
Type
OFFICE
Lease Type
NNN
Sublease
No
- Multiple office condos for lease at the Auburn Professional Village. These condos offer a variety of floor plans and are perfect for any growing business. Units 1340 - 1350 are contiguous and can be combined, offering a total space of 15,888 SF.
- Located just one mile off I-69 Exit 329 and just 20 miles north of Fort Wayne, the Auburn Professional Village boasts a fantastic location within the city of Auburn. The property is south of US 6 and just minutes from downtown Auburn. Neighboring businesses include the Auburn BMV Branch, Lassiter Advertising, and Fort Financial Credit Union.
Contact us
Listing Agency:
Sturges Property Group
Listed By:
Ian Smith · License #RB24001137
(260) 424-8448
Source:
Moodyscre
Added: Oct 24, 2024
Changed: Aug 8
Last Checked: Oct 28 at 10:41AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$18,911
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$378,220
$378.2K
Cap Rate 7%
$270,157
$270.2K
Cap Rate 9%
$210,122
$210.1K
Market Conditions
NOI Build-Up for 2,304 SF
Gross rent
$33.2K $14.40/SF
− Vacancy
−$8.0K −$3.46/SF
EGI
$25.2K $10.94/SF
− OpEx
−$6.3K −$2.74/SF
NOI
$18.9K $8.21/SF
Area
DeKalb County, IN
Vacancy
24.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$378,220
Cap Rate 7%
$270,157
Cap Rate 9%
$210,122
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.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
366
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Office condos for sale in Auburn Professional Village.
Where is this office unit 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.
