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    Downtown Fort Wayne Mixed-Use Space Title is generated by Realmo AI

    529 W Jefferson Boulevard, Fort Wayne, IN 46802

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    For Lease
    $17 SF/Yr $3,873/Mo (calc)

    Mixed Use - Fort Wayne, IN

    Type:Mixed Use
    Property size:
    2,734 SF
    Lot size:
    0.71 Acres
    Added:
    May 19, 2026
    Days on Market:
    3
    Last Refresh:
    May 21 at 12:06 pm

    Property Features for 529 W Jefferson Boulevard

    General Information

    Property type
    Commercial Lease
    Property subtype
    Mixed Use
    Parking features
    Off Street
    Interior features
    Drywall, Living Space, Basement, Office Space, Reception Area
    Standard status
    Active
    APN
    02-12-11-129-001.000-074
    Size
    2,734 SF
    Lot size
    0.71 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1890
    Floors in Building
    2
    Flooring type
    Wood
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Brian Schaper

    Listing agent Brian Schaper License #RB14051560

    Listing office Metro Realty 2042 Broadway, Fort Wayne, IN

    Listing date May 19, 2026

    MLS# 202618970 Listing URL

    Copyright © 2026 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime downtown location with high visibility on West Jefferson Corridor, next to McDonald's and across from Starbucks.
    • Abundant dedicated parking with curb cut on W Jefferson.
    • Ideal live/work space potential with custom kitchens and baths on both levels.
    • Close proximity to Electric Works, Tincaps Baseball stadium, and other downtown amenities.
    • Private outdoor seating/relaxation area.
    • Optional 2800 sq ft warehouse/garage with shop, storage, HVAC, and full bath available.

    Overview

    Located in downtown Fort Wayne, this mixed-use property offers a prime location with high visibility on the West Jefferson Corridor. Situated near McDonald's, across from Starbucks, and between Electric Works and Downtown, the property benefits from its proximity to the Tincaps Baseball stadium. The property offers potential as a live/work space. Custom kitchens and baths are present on both levels. The layout features large rooms. A concrete parking lot provides abundant dedicated parking with a curb cut on W Jefferson. An outdoor seating/relaxation area offers privacy. The entire building is available, presenting a professional space opportunity in downtown Fort Wayne. The property includes a 2734 square feet space. Additionally, a 2800 sq ft warehouse/garage is attached via a breezeway, containing a shop, storage room, HVAC, and full bath, which is also available. The property sits on a 0.71-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Golden Law PC Law Firm Tandra S. Johnson, ... Law Firm

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Law Firm Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.146221
    Latitude
    41.074708

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    FAQs

    What type of property is this?
    Mixed-use property - Prime downtown location suitable for office, retail, or live/work.
    Where is this mixed-use property located?
    The property is located at 529 W Jefferson Boulevard Fort Wayne, IN.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Prime downtown location with high visibility on West Jefferson Corridor, next to McDonald's and across from Starbucks.; Abundant dedicated parking with curb cut on W Jefferson.; **Ideal live/work space potential with custom kitchens and baths on both levels.**
    (260) 710-4074
    We can help!
    Listing Contact
    Brian Schaper
    Real Estate License ID: RB14051560
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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