Bar Property with Rear
New
For Sale
$379,900
2145 N Taylor St, Fort Wayne, IN 46802
Updated bar space with included equipment and an occupied rental component positioned near downtown Fort Wayne.
Property Size1,576 SF
Price / SF$241.05
Days on Market4
Property Features for 2145 N Taylor St
General Information
Standard status
Active
Size
1,576 SF
Restaurant
Equipment Included
Yes
Liquor License
No
Building Details
Year Built
1927
Listing Agency:
Triad Real Estate Services
(904) 716-6181
Listed By:
Tiffany Fries · License #RB14050557
Source:
Spencerchildersgroup
Added: Aug 25
Changed: Aug 28
Last Checked: Aug 28 at 12:38PM
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 Triad Real Estate Services
Investment Insights
Based on property information with market context.
Built in 1927, this 1,576-square-foot bar property combines an established commercial setting with recent updates and original character. Bar equipment is included, providing a functional starting point for a new concept or refreshed operation. A fully occupied rental property is located at the rear, adding an income-producing component to the offering.
The property is situated on N Taylor Street near downtown Fort Wayne and Electric Works. A 3-way liquor license is available through a separate purchase, allowing the transaction to be evaluated independently from the real estate and included equipment.
The property is situated on N Taylor Street near downtown Fort Wayne and Electric Works. A 3-way liquor license is available through a separate purchase, allowing the transaction to be evaluated independently from the real estate and included equipment.
Key Highlights
- 1,576‑square‑foot bar property built in 1927
- Bar equipment included in the offering
- Fully occupied rental property at the rear
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,450
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$349,000
$349.0K
Cap Rate 7%
$249,286
$249.3K
Cap Rate 9%
$193,889
$193.9K
Market Conditions
NOI Build-Up for 1,576 SF
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.
Gross rent
$25.2K $15.96/SF
− Vacancy
−$1.9K −$1.20/SF
EGI
$23.3K $14.76/SF
− OpEx
−$5.8K −$3.69/SF
NOI
$17.4K $11.07/SF
Area
Fort Wayne, IN
Vacancy
7.50%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$349,000
Cap Rate 7%
$249,286
Cap Rate 9%
$193,889
Alternative Uses
Best Use
Specialty Retail
$249.3K
$218.1K – $290.8K
NOI $17,450 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.32M
$1.15M – $1.54M
NOI $92,159 @ 7.0% cap · market cap 24.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
Well-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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Double Down Sports Bar — 2145 Taylor St, Fort Wayne, IN 46802
- Bootleggers Saloon and Galley — 2809 W Main St, Fort Wayne, IN 46808
- Shangri La West — 2440 W Jefferson Blvd, Fort Wayne, IN 46802
Frequently Asked Questions
What type of property is this?
Bar & Pub - Updated bar space with included equipment and an occupied rental component positioned near downtown Fort Wayne.
Where is this bar & pub located?
The property is located at 2145 N Taylor St Fort Wayne, IN.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: 1,576‑square‑foot bar property built in 1927; Bar equipment included in the offering; Fully occupied rental property at the rear
