Flex Office and Warehouse
2014 S Calhoun St Fort Wayne, IN 46802
For Sale
Contact for pricing
A flex office and heated warehouse building with 2,145 SF of office space and 2,912 SF warehouse with two overhead doors.
Property Size5,057 SF
Price / SF$98.87
Days on Market46
Property Features for 2014 S Calhoun St
General Information
Standard status
Active
Size
5,057 SF
Property subtype
FLEX_R_AND_D
Listing Agency:
Acadia Commercial
(260) 487-3653
Listed By:
Charlotte Tompkins · License #(IN)RB20002160
(260) 487-3653
Source:
Moodyscre
Added: Jun 15
Changed: Jul 29
Last Checked: Jul 29 at 2:40PM
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 Acadia Commercial
Investment Insights
Based on property information with market context.
This flex office and warehouse building totals 5,057 SF and combines professional office space with a functional warehouse area. The office portion includes 6 large private offices, a conference room, and a formal reception area. The warehouse portion is 2,912 SF and includes two overhead doors, restroom facilities, heated space, and unique storage rooms.
Built in 1954, the property is zoned C-3 (Commercial). The building is described as suitable for multiple uses, including professional office, medical or dental office, creative space, or flex use.
The warehouse is noted as having high power capability, supporting a range of light industrial or operational needs that pair with dedicated office support.
Built in 1954, the property is zoned C-3 (Commercial). The building is described as suitable for multiple uses, including professional office, medical or dental office, creative space, or flex use.
The warehouse is noted as having high power capability, supporting a range of light industrial or operational needs that pair with dedicated office support.
Key Highlights
- 5,057 SF flex office/warehouse building at 2014 S Calhoun St, Fort Wayne, IN
- 2,145 SF office includes 6 private offices, a large conference room, and a formal reception area
- 2,912 SF heated warehouse with 2 overhead doors
Financial Insights For Warehouse
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 | $50.4k | $9.96 |
| − Vacancy | −$2.3k | −$0.45 |
| EGI | $48.1k | $9.51 |
| − OpEx | −$7.2k | −$1.43 |
| NOI | $40.9k | $8.09 |
5,057 SF · lease $9.96/SF/yr · vacancy 4.50% · expense 15.00%
Alternative Uses
Best Use
Office B
$797.1K
$697.5K – $930.0K
NOI $55,800 @ 7.0% cap · market cap 11.16%
Second Best
Warehouse
$584.1K
$511.1K – $681.4K
NOI $40,886 @ 7.0% cap · market cap 8.18%
Theoretical Best
Multifamily LT 5
$4.22M
$3.70M – $4.93M
NOI $295,716 @ 7.0% cap · market cap 59.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Yard Bones BBQ/ YB2 BBQ & Catering — 705 E Lewis St, Fort Wayne, IN 46802
- A & S Catering Service — 705 E Lewis St, Fort Wayne, IN 46802
Frequently Asked Questions
What type of property is this?
Flex space - A flex office and heated warehouse building with 2,145 SF of office space and 2,912 SF warehouse with two overhead doors.
Where is this flex space located?
The property is located at 2014 S Calhoun St Fort Wayne, IN.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 5,057 SF flex office/warehouse building at 2014 S Calhoun St, Fort Wayne, IN; 2,145 SF office includes 6 private offices, a large conference room, and a formal reception area; 2,912 SF heated warehouse with 2 overhead doors
