Multi-Tenant Industrial
New
For Sale
$625,000
1429 Dubois St, Fort Wayne, IN 46803
The property combines multiple tenant spaces with in-place rental income.
Property Size7,322 SF
Price / SF$85.36
Days on Market5
Property Features for 1429 Dubois St
General Information
Standard status
Active
Size
7,322 SF
Property subtype
Industrial
Site & Location
Neighborhood
Memorial Park Neighborhood Assn
Additional Details
Tenant in Place
Yes
Building Details
Building Size
7,322 SF
Year Built
1989
Tenancy
Multi
Listing Agency:
NAI Hanning & Bean
Listed By:
Rachel Romary · License #IN #RB14043846
(260) 341-0230
Source:
Naihanningbean
Added: Oct 24
Changed: Oct 26
Last Checked: Oct 28 at 6:08AM
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 NAI Hanning & Bean
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Investment Insights
Based on property information with market context.
Built in 1989, this industrial property at 1429 Dubois St in Fort Wayne contains 7,322 square feet and is configured for multiple tenants. Approximately 4,596 square feet is leased, with rental income in place.
Key Highlights
- 7,322‑square‑foot industrial property
- Multi‑tenant configuration
- Approximately 4,596 square feet leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,822
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$876,440
$876.4K
Cap Rate 7%
$626,029
$626.0K
Cap Rate 9%
$486,911
$486.9K
Market Conditions
NOI Build-Up for 7,322 SF
Gross rent
$65.9K $9.00/SF
− Vacancy
−$3.3K −$0.45/SF
EGI
$62.6K $8.55/SF
− OpEx
−$18.8K −$2.56/SF
NOI
$43.8K $5.98/SF
Area
Fort Wayne, IN
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$876,440
Cap Rate 7%
$626,029
Cap Rate 9%
$486,911
Alternative Uses
Best Use
Industrial
$626.0K
$547.8K – $730.4K
NOI $43,822 @ 7.0% cap · market cap 7.01%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$6.12M
$5.35M – $7.14M
NOI $428,166 @ 7.0% cap · market cap 68.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
360
Businesses Nearby
Explore this area
Business Placement
Demographics for 46803, IN
9,686
Population
4,634
Households
2.1
Avg Household Size
30
Median Age
9%
College-Educated
71%
High-School Grad
7.5 sq mi
ZIP Area
1,291
Density / Sq Mi
$31,797
Median Household Income
$25,248
Median Earnings
$878
Median Rent
$78,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Industrial property - The property combines multiple tenant spaces with in-place rental income.
Where is this industrial property located?
The property is located at 1429 Dubois St Fort Wayne, IN.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 7,322‑square‑foot industrial property; Multi‑tenant configuration; Approximately 4,596 square feet leased
