Clear Span Warehouse with
For Sale
Contact for pricing
4825 Jean Drive, Fort Wayne, IN 46825
Clear span warehouse includes reception, office, break room, and two overhead doors, with a new roof and updated parking lot.
Property Size5,000 SF
Price / SF$105
Days on Market238
Property Features for 4825 Jean Drive
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Industrial
Zoning
I2/General Industrial
Lease Type
NNN
Additional Details
Highway Access
Yes
Building Details
Year Built
1969
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
The Zacher Company
Listed By:
Dan Gabbard · License #RB 18001659
(260) 704-5409
Source:
Crexi
Added: Mar 4
Changed: Oct 26
Last Checked: Oct 28 at 8:06AM
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
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Investment Insights
Based on property information with market context.
This clear span warehouse offers flexible, open interior space supported by two overhead doors for loading and receiving. The layout also includes dedicated reception, office, and break room areas, creating a functional separation between work and administrative space.
The property has a new roof and a newly updated parking lot. It is located in close proximity to I-69 and is zoned I2/General Industrial.
The offering is for sale, with existing warehouse improvements designed to support day-to-day operations within a general industrial zoning framework.
The property has a new roof and a newly updated parking lot. It is located in close proximity to I-69 and is zoned I2/General Industrial.
The offering is for sale, with existing warehouse improvements designed to support day-to-day operations within a general industrial zoning framework.
Key Highlights
- Clear span warehouse space with dedicated reception, office, break room, and warehouse area
- Includes two overhead doors
- New roof and updated parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,425
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$808,500
$808.5K
Cap Rate 7%
$577,500
$577.5K
Cap Rate 9%
$449,167
$449.2K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$49.8K $9.96/SF
− Vacancy
−$2.2K −$0.45/SF
EGI
$47.6K $9.51/SF
− OpEx
−$7.1K −$1.43/SF
NOI
$40.4K $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 Rate 5%
$808,500
Cap Rate 7%
$577,500
Cap Rate 9%
$449,167
Alternative Uses
Best Use
Warehouse
$577.5K
$505.3K – $673.8K
NOI $40,425 @ 7.0% cap · market cap 7.70%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$4.18M
$3.65M – $4.87M
NOI $292,383 @ 7.0% cap · market cap 55.69%
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
Location Intelligence
Trade Area within ½ mile
1,181
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46825, IN
29,062
Population
13,597
Households
2.1
Avg Household Size
38
Median Age
34%
College-Educated
91%
High-School Grad
15.6 sq mi
ZIP Area
1,863
Density / Sq Mi
$68,890
Median Household Income
$44,788
Median Earnings
$1,044
Median Rent
$202,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
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- Self Storage — 801 northcrest shopping center, fort wayne, in 46805
Frequently Asked Questions
What type of property is this?
Warehouse - Clear span warehouse includes reception, office, break room, and two overhead doors, with a new roof and updated parking lot.
Where is this warehouse located?
The property is located at 4825 Jean Drive 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: Clear span warehouse space with dedicated reception, office, break room, and warehouse area; Includes two overhead doors; New roof and updated parking lot
