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$115
Days on Market193
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: Sep 11
Last Checked: Sep 12 at 4:24AM
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 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 = 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
$40,425
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
7.03%
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%
$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
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
$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 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%
$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 7.03%
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 50.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
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- Record Nations — 705 Northcrest Shopping Center, Fort Wayne, IN 46805
- 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 $575,000.
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
