Vacant Industrial Warehouse with
For Sale
Contact for pricing
5220 New Haven Ave, Fort Wayne, IN 46803
Fully vacant 13,820 SF industrial building on 6.84 acres with seven grade-level doors and outdoor expansion space.
Property Size13,820 SF
Lot Size6.84 Acres
Price / SF$86.76
Days on Market109
Property Features for 5220 New Haven Ave
General Information
Standard status
Active
Size
13,820 SF
Lot size
6.84 Acres
Property subtype
INDUSTRIAL
Zoning
C4
Site & Location
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Additional Details
Drive-In Doors
7
Listing Agency:
Bradley Company | Fort Wayne
(260) 423-4311
Listed By:
Conner Call · License #23002351
(260) 241-6892
Source:
Moodyscre
Added: May 28
Changed: Aug 31
Last Checked: Sep 12 at 4:12AM
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.
This fully vacant industrial facility offers 13,820 SF of total space with a practical mix of industrial, office, and warehouse areas. The property is supported by seven grade-level doors and includes gas heaters, along with public utilities.
The building is positioned for regional and interstate connectivity, with access to US-930, I-469, and Coliseum Blvd. An available yard area of approximately 4.8 usable acres sits behind the building, providing room for expansion or outdoor storage.
Zoned C4, the site supports a wide range of industrial and commercial uses as permitted under local regulations. With its building configuration and available acreage, it can serve as a straightforward option for operators looking to combine indoor capacity with outdoor flexibility.
The building is positioned for regional and interstate connectivity, with access to US-930, I-469, and Coliseum Blvd. An available yard area of approximately 4.8 usable acres sits behind the building, providing room for expansion or outdoor storage.
Zoned C4, the site supports a wide range of industrial and commercial uses as permitted under local regulations. With its building configuration and available acreage, it can serve as a straightforward option for operators looking to combine indoor capacity with outdoor flexibility.
Key Highlights
- Fully vacant 13,820 SF industrial building available in its entirety
- 6.84‑acre site with ~4.8 usable acres behind the building for expansion or outdoor storage
- Seven grade‑level doors plus gas heaters and public utilities
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
$101,328
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
8.45%
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%
$2,026,560
$2.0M
Cap Rate 7%
$1,447,543
$1.4M
Cap Rate 9%
$1,125,867
$1.1M
Market Conditions
NOI Build-Up for 13,820 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
$165.8K $12.00/SF
− Vacancy
−$10.0K −$0.72/SF
EGI
$155.9K $11.28/SF
− OpEx
−$54.6K −$3.95/SF
NOI
$101.3K $7.33/SF
Area
Fort Wayne, IN
Vacancy
6.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
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%
$2,026,560
Cap Rate 7%
$1,447,543
Cap Rate 9%
$1,125,867
Alternative Uses
Best Use
Warehouse
$1.60M
$1.40M – $1.86M
NOI $111,735 @ 7.0% cap · market cap 9.32%
Second Best
Flex RnD
$1.45M
$1.27M – $1.69M
NOI $101,328 @ 7.0% cap · market cap 8.45%
Theoretical Best
Multifamily LT 5
$11.54M
$10.10M – $13.47M
NOI $808,147 @ 7.0% cap · market cap 67.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
7
Drive-in doors
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
185
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 46803, IN
9,686
Population
4,634
Households
2.1
Avg Household Size
30
Median Age
9%
College-Educated
71%
High-School Grad
7.5 sq mi
ZIP Area
1,291
Density / Sq Mi
$31,797
Median Household Income
$25,248
Median Earnings
$878
Median Rent
$78,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Fully vacant 13,820 SF industrial building on 6.84 acres with seven grade-level doors and outdoor expansion space.
Where is this flex space located?
The property is located at 5220 New Haven Ave Fort Wayne, IN.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Fully vacant 13,820 SF industrial building available in its entirety; 6.84‑acre site with ~4.8 usable acres behind the building for expansion or outdoor storage; Seven grade‑level doors plus gas heaters and public utilities
