Class A Office
402-416 S Scott Road Fort Wayne, IN 46814
402-416 S Scott Road, Fort Wayne, IN, 46814
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For Sale
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Stabilized two-building office park with five professional suites and 100% occupancy.
Property Size17,065 SF
Lot Size1.68 Acres
Price / SF$146.21
Days on Market34
Property Features for 402-416 S Scott Road
General Information
- Standard status
- Active
- Size
- 17,065 SF
- Lot size
- 1.68 Acres
- Property subtype
- Office
Building Details
- Year Built
- 2005
Listing agency
Bradley Company Fort Wayne
(260) 755-7816
Listed by
Carolyn Spake-Leeper, SIOR · License #IN RB14041366
Source
Crexi
Added: Jun 18 Updated: Jul 20 at 6:22PM Checked: Jul 20 at 6:22PM
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 Bradley Company Fort Wayne
Investment Insights
Based on property information with market context.
Sycamore Pointe is a stabilized, income-producing Class A office park comprising two office buildings on a 1.68-acre parcel near the Illinois Road / Scott Road intersection. Building 2, constructed in 2016, features five professional suites totaling 12,060 SF. Building 1, built in 2005, is occupied by Premiere Dance Company across 6,171 SF.
The property is 100% occupied, with tenant occupancy maintained for 6 to 18 years. Improvements are reported in excellent overall condition and include abundant surface parking, mature landscaping, and strong street identity.
As a for-sale offering, Sycamore Pointe presents a fully leased office park configuration across both buildings, with the ability to review operating details in the complete Offering Memorandum provided by brokers.
The property is 100% occupied, with tenant occupancy maintained for 6 to 18 years. Improvements are reported in excellent overall condition and include abundant surface parking, mature landscaping, and strong street identity.
As a for-sale offering, Sycamore Pointe presents a fully leased office park configuration across both buildings, with the ability to review operating details in the complete Offering Memorandum provided by brokers.
Key Highlights
- Stabilized two‑building Class A office park on a 1.68‑acre parcel near Illinois Road and Scott Road
- Building 1 (2005) includes 6,171 SF and is occupied by Premiere Dance Company
- Building 2 includes five professional suites totaling 12,060 SF and was built in 2016
Local Financial Insights For Office B
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 | $290.8k | $17.04 |
| − Vacancy | −$39.7k | −$2.33 |
| EGI | $251.1k | $14.71 |
| − OpEx | −$62.8k | −$3.68 |
| NOI | $188.3k | $11.03 |
17,065 SF · lease $17.04/SF/yr · vacancy 13.66% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.69M
$2.35M – $3.14M
NOI $188,300 @ 7.0% cap · market cap 7.55%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$14.26M
$12.47M – $16.63M
NOI $997,903 @ 7.0% cap · market cap 40.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Stabilized two-building office park with five professional suites and 100% occupancy.
Where is this office building located?
The property is located at 402-416 S Scott Road Fort Wayne, IN.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: Stabilized two‑building Class A office park on a 1.68‑acre parcel near Illinois Road and Scott Road; Building 1 (2005) includes 6,171 SF and is occupied by Premiere Dance Company; Building 2 includes five professional suites totaling 12,060 SF and was built in 2016
