Industrial Building with
For Sale
Contact for pricing
3805 East Pontiac Street, Fort Wayne, IN 46803
Industrial building includes four drive-in doors, 3,700 SF of office space, and LED lighting throughout.
Property Size18,100 SF
Lot Size1.50 Acres
Price / SF$70
Days on Market50
Property Features for 3805 East Pontiac Street
General Information
Standard status
Active
Size
18,100 SF
Total Parking Spaces
25
Lot size
1.50 Acres
Property subtype
Industrial
Zoning
I/1/Limited Industrial
Additional Details
Drive-In Doors
4
Building Details
Year Built
1955
Listing Agency:
The Zacher Company
(219) 422-8474
Listed By:
John Adams, CCIM · License #IN RB14049734
Source:
Crexi
Added: Jul 8
Changed: Aug 14
Last Checked: Aug 24 at 10:49PM
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.
This 18,100 SF industrial building offers a combination of warehouse and office space with four drive-in doors and LED lighting throughout. The property includes 3,700 SF of office area with AC, and is equipped with suspended gas heat, compressed air lines, and wall fans and vents. Constructed in 1955 with an addition completed in 2008, the building features wood and pre-engineered steel construction and a coated metal roof that was re-coated in 2021.
The facility sits on 1.5 acres and provides 25 parking spaces with asphalt, concrete, and gravel surface areas.
For users seeking an industrial building with on-site office support and multiple drive-in access points, this configuration supports flexible operational needs within a single facility.
The facility sits on 1.5 acres and provides 25 parking spaces with asphalt, concrete, and gravel surface areas.
For users seeking an industrial building with on-site office support and multiple drive-in access points, this configuration supports flexible operational needs within a single facility.
Key Highlights
- 18,100 SF industrial building on 1.5 acres at 3805 East Pontiac Street, Fort Wayne, IN
- 4 drive‑in doors plus compressed air lines for industrial operations
- 3,700 SF office space with AC in the office area
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
$108,329
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
8.55%
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%
$2,166,580
$2.2M
Cap Rate 7%
$1,547,557
$1.5M
Cap Rate 9%
$1,203,656
$1.2M
Market Conditions
NOI Build-Up for 18,100 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
$162.9K $9.00/SF
− Vacancy
−$8.1K −$0.45/SF
EGI
$154.8K $8.55/SF
− OpEx
−$46.4K −$2.56/SF
NOI
$108.3K $5.98/SF
Area
Fort Wayne, IN
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
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%
$2,166,580
Cap Rate 7%
$1,547,557
Cap Rate 9%
$1,203,656
Alternative Uses
Best Use
Warehouse
$2.09M
$1.83M – $2.44M
NOI $146,339 @ 7.0% cap · market cap 11.55%
Second Best
Flex RnD
$1.90M
$1.66M – $2.21M
NOI $132,709 @ 7.0% cap · market cap 10.47%
Theoretical Best
Multifamily LT 5
$15.12M
$13.23M – $17.64M
NOI $1,058,426 @ 7.0% cap · market cap 83.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Drive-in doors
Location Intelligence
Trade Area within ½ mile
263
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46803, IN
9,686
Population
4,634
Households
2.1
Avg Household Size
30
Median Age
9%
College-Educated
71%
High-School Grad
7.5 sq mi
ZIP Area
1,291
Density / Sq Mi
$31,797
Median Household Income
$25,248
Median Earnings
$878
Median Rent
$78,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Store Here Self Storage — 2701 Coliseum Blvd S, Fort Wayne, IN 46803
- R&R Warehouse — 2701 Coliseum Blvd S, Fort Wayne, IN 46803
- Polar King — 4424 New Haven Ave, Fort Wayne, IN 46803
- Interstate Cold Storage — 4410 New Haven Ave, Fort Wayne, IN 46803
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial building includes four drive-in doors, 3,700 SF of office space, and LED lighting throughout.
Where is this warehouse located?
The property is located at 3805 East Pontiac Street Fort Wayne, IN.
What is the asking price?
The asking price for this property is $1,267,000.
What are key features of this property?
This property features: 18,100 SF industrial building on 1.5 acres at 3805 East Pontiac Street, Fort Wayne, IN; 4 drive‑in doors plus compressed air lines for industrial operations; 3,700 SF office space with AC in the office area
