Office-Warehouse with Drive-In
For Sale
Contact for pricing
1902 S Harrison St, Fort Wayne, IN 46802
Completely renovated office-warehouse with two drive-in doors, 13' clear height, and a clean dry basement.
Property Size7,150 SF
Price / SF$91.97
Days on Market309
Property Features for 1902 S Harrison St
General Information
Standard status
Active
Size
7,150 SF
Property subtype
INDUSTRIAL
Lease Type
NNN
Site & Location
Neighborhood
Hoagland Masterson Neighborhood Assn
Highway Access
Yes
Warehouse & Industrial
Clear Height
13 ft
Drive-In Doors
2
Building Details
Year Renovated
2025
Listing Agency:
BND Commercial, LLC
(260) 407-0900
Listed By:
Jake Ramsey
(260) 450-2916
Source:
Moodyscre
Added: Dec 23, 2025
Changed: Oct 25
Last Checked: Oct 28 at 5:58AM
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 BND Commercial, LLC
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Investment Insights
Based on property information with market context.
A completely renovated office-warehouse property offering 1,500 SF of office space and 5,650 SF of warehouse space, plus an 816 SF clean, dry basement usable for storage. The main level includes a functional layout and is served by two drive-in doors. Warehouse ceiling height is 13 feet clear, with LED lighting. The building also features roof and new mechanicals completed in 2025.
Additional parking is available on the parcel north of the building. The property has convenient access to US 27 and I-69, and Fort Wayne International Airport.
Zoning allows for a variety of uses. This asset is offered for sale or lease on a triple-net basis.
Additional parking is available on the parcel north of the building. The property has convenient access to US 27 and I-69, and Fort Wayne International Airport.
Zoning allows for a variety of uses. This asset is offered for sale or lease on a triple-net basis.
Key Highlights
- 7,150 SF office‑warehouse with 1,500 SF office and 5,650 SF warehouse space
- 13' clear height ceiling with LED lighting
- Warehouse includes two drive‑in doors for loading and access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,808
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,156,160
$1.2M
Cap Rate 7%
$825,829
$825.8K
Cap Rate 9%
$642,311
$642.3K
Market Conditions
NOI Build-Up for 7,150 SF
Gross rent
$71.2K $9.96/SF
− Vacancy
−$3.2K −$0.45/SF
EGI
$68.0K $9.51/SF
− OpEx
−$10.2K −$1.43/SF
NOI
$57.8K $8.09/SF
Area
Fort Wayne, IN
Vacancy
4.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,156,160
Cap Rate 7%
$825,829
Cap Rate 9%
$642,311
Alternative Uses
Best Use
Office B
$1.13M
$986.2K – $1.31M
NOI $78,895 @ 7.0% cap · market cap 12.00%
Second Best
Warehouse
$825.8K
$722.6K – $963.5K
NOI $57,808 @ 7.0% cap · market cap 8.79%
Theoretical Best
Multifamily LT 5
$5.97M
$5.23M – $6.97M
NOI $418,108 @ 7.0% cap · market cap 63.58%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
13 ft
Clear height
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,098
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46802, IN
10,664
Population
5,831
Households
1.8
Avg Household Size
35
Median Age
23%
College-Educated
83%
High-School Grad
4.2 sq mi
ZIP Area
2,539
Density / Sq Mi
$40,903
Median Household Income
$32,172
Median Earnings
$880
Median Rent
$131,600
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Flex space - Completely renovated office-warehouse with two drive-in doors, 13' clear height, and a clean dry basement.
Where is this flex space located?
The property is located at 1902 S Harrison St Fort Wayne, IN.
What is the asking price?
The asking price for this property is $657,620.
What are key features of this property?
This property features: 7,150 SF office‑warehouse with 1,500 SF office and 5,650 SF warehouse space; 13' clear height ceiling with LED lighting; Warehouse includes two drive‑in doors for loading and access
