Industrial Office Flex
For Sale
Contact for pricing
4124 Clubview Dr, Fort Wayne, IN 46804
Industrial/office flex property offering 9,430 SF available for sale.
Property Size9,430 SF
Price / SF$100.21
Days on Market181
Property Features for 4124 Clubview Dr
General Information
Standard status
Active
Size
9,430 SF
Class
C
Total Parking Spaces
55
Property subtype
Office, Industrial
Zoning
I-2
Lease Type
NNN
Investment Type
Value Add
Building Details
Year Built
1983
Buildings
1
Stories
1
Units
2
Listing Agency:
Bradley Company Fort Wayne
Listed By:
Carolyn Spake-Leeper, SIOR · License #IN RB14041366
(260) 437-8745
Source:
Crexi
Added: Mar 10
Changed: Aug 22
Last Checked: Sep 2 at 4:16PM
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.
Industrial/office flex property offering 9,430 SF available for sale. The asset is marketed as a combination industrial and office use, providing space that can support operations needing both warehouse functionality and dedicated office areas.
The property is located at 4124 Clubview Dr in Fort Wayne, IN 46804, and is being offered for sale at $945,000.
As presented, the offering covers a total size of 9,430 SF.
The property is located at 4124 Clubview Dr in Fort Wayne, IN 46804, and is being offered for sale at $945,000.
As presented, the offering covers a total size of 9,430 SF.
Key Highlights
- Industrial/office flex property built in 1983
- 9,430 SF available for sale
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
$76,242
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
8.07%
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%
$1,524,840
$1.5M
Cap Rate 7%
$1,089,171
$1.1M
Cap Rate 9%
$847,133
$847.1K
Market Conditions
NOI Build-Up for 9,430 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
$93.9K $9.96/SF
− Vacancy
−$4.2K −$0.45/SF
EGI
$89.7K $9.51/SF
− OpEx
−$13.5K −$1.43/SF
NOI
$76.2K $8.09/SF
Area
Fort Wayne, IN
Vacancy
4.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
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%
$1,524,840
Cap Rate 7%
$1,089,171
Cap Rate 9%
$847,133
Alternative Uses
Best Use
Warehouse
$1.09M
$953.0K – $1.27M
NOI $76,242 @ 7.0% cap · market cap 8.07%
Second Best
Flex RnD
$987.7K
$864.3K – $1.15M
NOI $69,141 @ 7.0% cap · market cap 7.32%
Theoretical Best
Multifamily LT 5
$7.88M
$6.89M – $9.19M
NOI $551,434 @ 7.0% cap · market cap 58.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
130
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46804, IN
28,800
Population
12,959
Households
2.2
Avg Household Size
40
Median Age
44%
College-Educated
96%
High-School Grad
17.7 sq mi
ZIP Area
1,627
Density / Sq Mi
$84,778
Median Household Income
$49,050
Median Earnings
$1,134
Median Rent
$241,000
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.
Frequently Asked Questions
What type of property is this?
Flex space - Industrial/office flex property offering 9,430 SF available for sale.
Where is this flex space located?
The property is located at 4124 Clubview Dr Fort Wayne, IN.
What is the asking price?
The asking price for this property is $945,000.
What are key features of this property?
This property features: Industrial/office flex property built in 1983; 9,430 SF available for sale
