Turnkey Freestanding Retail
For Sale
Contact for pricing
301 W State Blvd, Fort Wayne, IN 46808
Turnkey freestanding retail building on a corner lot with two exterior signs along State Blvd traffic.
Property Size4,380 SF
Price / SF$119.86
Days on Market60
Property Features for 301 W State Blvd
General Information
Standard status
Active
Size
4,380 SF
Property subtype
RETAIL
Listing Agency:
The Zacher Company
(260) 704-5409
Listed By:
Dan Gabbard · License #RB18001659
(260) 704-5409
Source:
Moodyscre
Added: Jun 2
Changed: Jul 30
Last Checked: Jul 31 at 10:10AM
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 The Zacher Company
Investment Insights
Based on property information with market context.
Turnkey freestanding retail building in a corner-lot setting at the intersection of State Blvd and Cass St. The 4,380 SF facility is laid out with a large open showroom, two individual offices, a reception area, two contiguous garage bays, one ADA accessible restroom, and extra storage. Additional plumbing fixtures and hookups are available in the restroom area.
The building fronts heavily-trafficked State Blvd with reported 16,406 VPD and has two exterior signs in place. The property is close to Pizza King and Walgreens, with development activity along Wells St and Downtown.
Recent improvements include new overhead doors, a TPO roof, showroom floors, a furnace, ADA accessible restroom buildout, concrete in the parking lot, and LED lighting. Parking is supported by the on-site concrete improvements, and the garage-bay configuration supports showroom and light-service needs.
The building fronts heavily-trafficked State Blvd with reported 16,406 VPD and has two exterior signs in place. The property is close to Pizza King and Walgreens, with development activity along Wells St and Downtown.
Recent improvements include new overhead doors, a TPO roof, showroom floors, a furnace, ADA accessible restroom buildout, concrete in the parking lot, and LED lighting. Parking is supported by the on-site concrete improvements, and the garage-bay configuration supports showroom and light-service needs.
Key Highlights
- 4,380 SF freestanding retail building in turnkey condition
- Corner lot at State Blvd and Cass St
- Frontage on State Blvd with 16,406 VPD and two exterior signs
Financial Insights For Retail
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 | $65.7k | $15.00 |
| − Vacancy | −$5.6k | −$1.28 |
| EGI | $60.1k | $13.73 |
| − OpEx | −$18.0k | −$4.12 |
| NOI | $42.1k | $9.61 |
4,380 SF · lease $15.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$601.2K
$526.0K – $701.4K
NOI $42,081 @ 7.0% cap · market cap 8.02%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$3.66M
$3.20M – $4.27M
NOI $256,128 @ 7.0% cap · market cap 48.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
482
Businesses Nearby
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Turnkey freestanding retail building on a corner lot with two exterior signs along State Blvd traffic.
Where is this retail space located?
The property is located at 301 W State Blvd Fort Wayne, IN.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 4,380 SF freestanding retail building in turnkey condition; Corner lot at State Blvd and Cass St; Frontage on State Blvd with 16,406 VPD and two exterior signs
