Medical/Office Space on Jefferson
For Sale
Contact for pricing
5107 North Bend Drive, Fort Wayne, IN 46804
Medical/Office space with excellent visibility near new developments.
Property Size2,843 SF
Price / SF$181.15
Days on Market156
Property Features for 5107 North Bend Drive
General Information
Standard status
Active
Size
2,843 SF
Property subtype
Office
Zoning
C1 - General Commercial
Lease Type
NNN
Building Details
Year Built
1965
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
Sturges Property Group
Listed By:
Neal Bowman · License #IN RB14026402
(260) 424-8448
Source:
Crexi
Added: May 15
Changed: Oct 14
Last Checked: Oct 16 at 7:36AM
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 Sturges Property Group
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Investment Insights
Based on property information with market context.
This commercial property offers excellent visibility on W Jefferson Blvd and is surrounded by several new developments. The property is suitable for medical or office use and contains five exam rooms. The property size is 2843 square feet.
Key Highlights
- Excellent visibility on W Jefferson Blvd
- Surrounded by several new developments
- Five exam rooms provide ample space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,449
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,980
$629.0K
Cap Rate 7%
$449,271
$449.3K
Cap Rate 9%
$349,433
$349.4K
Market Conditions
NOI Build-Up for 2,843 SF
Gross rent
$57.0K $20.04/SF
− Vacancy
−$4.6K −$1.60/SF
EGI
$52.4K $18.44/SF
− OpEx
−$21.0K −$7.37/SF
NOI
$31.4K $11.06/SF
Area
Fort Wayne, IN
Vacancy
8.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,980
Cap Rate 7%
$449,271
Cap Rate 9%
$349,433
Alternative Uses
Best Use
Healthcare Medical
$449.3K
$393.1K – $524.2K
NOI $31,449 @ 7.0% cap · market cap 6.11%
Second Best
Office B
$448.1K
$392.1K – $522.8K
NOI $31,370 @ 7.0% cap · market cap 6.09%
Theoretical Best
Multifamily LT 5
$2.37M
$2.08M – $2.77M
NOI $166,249 @ 7.0% cap · market cap 32.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
602
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- H S Glidewell DVM — 2926 smith rd, fort wayne, in 46804
- Chobot Kathryn I DVM — 6104 Covington Rd, Fort Wayne, IN 46804
- Covington Veterinary Hospital, Inc — 6104 Covington Rd, Fort Wayne, IN 46804
- Aboite Animal Clinic & House Call Practice — 4142 Covington Rd, Fort Wayne, IN 46804
- Banfield Pet Hospital — 1760 Apple Glen Blvd, Fort Wayne, IN 46804
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical/Office space with excellent visibility near new developments.
Where is this medical office space located?
The property is located at 5107 North Bend Drive Fort Wayne, IN.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Excellent visibility on W Jefferson Blvd; Surrounded by several new developments; Five exam rooms provide ample space
