Medical/Office Space on Jefferson
5107 North Bend Drive Fort Wayne, IN 46804
For Sale
Contact for pricing
Medical/Office space with excellent visibility near new developments.
Property Size2,843 SF
Price / SF$181.15
Days on Market76
Property Features for 5107 North Bend Drive
General Information
Standard status
Active
Size
2,843 SF
Property subtype
Office
Building Details
Year Built
1965
Listing Agency:
Sturges Property Group
(260) 424-8448
Listed By:
Neal Bowman · License #IN RB14026402
Source:
Crexi
Added: May 15
Changed: Jul 10
Last Checked: Jul 28 at 12:02PM
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
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 For Healthcare Medical
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 | $57.0k | $20.04 |
| − Vacancy | −$4.6k | −$1.60 |
| EGI | $52.4k | $18.44 |
| − OpEx | −$21.0k | −$7.37 |
| NOI | $31.4k | $11.06 |
2,843 SF · lease $20.04/SF/yr · vacancy 8.00% · expense 40.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Aboite Animal Clinic & House Call Practice — 4142 Covington Rd, Fort Wayne, IN 46804
- Banfield Pet Hospital — 1760 Apple Glen Blvd, Fort Wayne, IN 46804
- Covington Veterinary Hospital, Inc — 6104 Covington Rd, Fort Wayne, IN 46804
- H S Glidewell DVM — 2926 smith rd, fort wayne, in 46804
- Chobot Kathryn I DVM — 6104 Covington Rd, 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
