Two-Floor Flex
2230 W Coliseum Blvd, Fort Wayne, IN 46808
For Sale
$925,000
Office, basement, and attached warehouse areas create a mixed-use commercial layout.
Property Size6,145 SF
Price / SF$150.53
Days on Market94
Property Features for 2230 W Coliseum Blvd
General Information
Standard status
Size
Class
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Additional Details
Warehouse Space
Building Details
Building Size
Year Built
Year Renovated
Buildings
Stories
Listing Agency:
SVN | Parke Group
Listed By:
Diana L. Parent · License IN RB14025581
(260) 489-8500
Source:
Commercialcafe
Added: Aug 10
Changed: Oct 31
Last Checked: Nov 10 at 5:38AM
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 SVN | Parke Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 2230 W Coliseum Blvd in Fort Wayne, this flex-space property includes 6,145 SF across two floors of office space, a finished basement, and an attached warehouse of approximately 1,300 SF. The building was constructed in 1965 and occupies nearly half an acre within Zone I2. Its configuration combines finished administrative areas with dedicated space for warehouse or storage functions.
The property sits on West Coliseum Boulevard in an industrial area, with major retail centers to the east. Access to I-69, I-469, U.S. 30, U.S. 33, and U.S. 24 connects the site with major routes throughout the area. The layout is suited to businesses requiring both office and warehouse components, including the trade contractor, equipment sales and service, and professional service uses identified in the property information.
The property sits on West Coliseum Boulevard in an industrial area, with major retail centers to the east. Access to I-69, I-469, U.S. 30, U.S. 33, and U.S. 24 connects the site with major routes throughout the area. The layout is suited to businesses requiring both office and warehouse components, including the trade contractor, equipment sales and service, and professional service uses identified in the property information.
Key Highlights
- 6,145 SF flex building with two floors of office space
- Attached warehouse measures approximately 1,300 SF
- Finished basement adds usable interior space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,805
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,356,100
$1.4M
Cap Rate 7%
$968,643
$968.6K
Cap Rate 9%
$753,389
$753.4K
Market Conditions
NOI Build-Up for 6,145 SF
Gross rent
$104.7K $17.04/SF
− Vacancy
−$14.3K −$2.33/SF
EGI
$90.4K $14.71/SF
− OpEx
−$22.6K −$3.68/SF
NOI
$67.8K $11.03/SF
Area
Fort Wayne, IN
Vacancy
13.66%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,356,100
Cap Rate 7%
$968,643
Cap Rate 9%
$753,389
Alternative Uses
Best Use
Office B
$968.6K
$847.6K – $1.13M
NOI $67,805 @ 7.0% cap · market cap 7.33%
Second Best
Warehouse
$709.8K
$621.0K – $828.1K
NOI $49,683 @ 7.0% cap · market cap 5.37%
Theoretical Best
Apartment 5plus
$4.61M
$4.03M – $5.37M
NOI $322,394 @ 7.0% cap
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
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
341
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 46808, IN
19,894
Population
9,298
Households
2.1
Avg Household Size
35
Median Age
19%
College-Educated
88%
High-School Grad
10.6 sq mi
ZIP Area
1,877
Density / Sq Mi
$53,632
Median Household Income
$35,123
Median Earnings
$939
Median Rent
$127,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Flex space in Fort Wayne
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Office, basement, and attached warehouse areas create a mixed-use commercial layout.
Where is this flex space located?
The property is located at 2230 W Coliseum Blvd Fort Wayne, IN.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 6,145 SF flex building with two floors of office space; Attached warehouse measures approximately 1,300 SF; Finished basement adds usable interior space
