16-Room Motel
For Sale
$1,188,000
5634 W Jefferson Boulevard, Fort Wayne, IN 46804
Current professional business and apartment uses occupy a flexible hospitality-oriented building.
Property Size7,920 SF
Price / SF$150
Days on Market59
Property Features for 5634 W Jefferson Boulevard
General Information
Standard status
Active
Size
7,920 SF
Building Details
Year Built
1964
Listing Agency:
CENTURY 21 Bradley Realty, Inc
Listed By:
Dennis Worman · License #RB14042779
(260) 403-8451
Source:
Callcriswell
Added: Aug 17
Changed: Oct 13
Last Checked: Oct 7 at 2:58PM
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 CENTURY 21 Bradley Realty, Inc
Investment Insights
Based on property information with market context.
This motel-oriented property is configured for 16 rooms and currently accommodates professional business and apartment uses. The existing layout includes separate upper- and lower-floor bathroom counts, with 4 bathrooms upstairs and 9 bathrooms downstairs.
Access is provided from both the front and back lots. Constructed in 1964, the property is located at 5634 W Jefferson Boulevard in Fort Wayne, Indiana.
Access is provided from both the front and back lots. Constructed in 1964, the property is located at 5634 W Jefferson Boulevard in Fort Wayne, Indiana.
Key Highlights
- Configured for 16 motel rooms
- Currently used for professional business and apartment purposes
- Upper floor includes 4 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,391
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,747,820
$1.7M
Cap Rate 7%
$1,248,443
$1.2M
Cap Rate 9%
$971,011
$971.0K
Market Conditions
NOI Build-Up for 7,920 SF
Gross rent
$135.0K $17.04/SF
− Vacancy
−$18.4K −$2.33/SF
EGI
$116.5K $14.71/SF
− OpEx
−$29.1K −$3.68/SF
NOI
$87.4K $11.03/SF
Area
Fort Wayne, IN
Vacancy
13.66%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,747,820
Cap Rate 7%
$1,248,443
Cap Rate 9%
$971,011
Alternative Uses
Best Use
Apartment 5plus
$5.94M
$5.19M – $6.93M
NOI $415,518 @ 7.0% cap · market cap 34.98%
Second Best
Office B
$1.25M
$1.09M – $1.46M
NOI $87,391 @ 7.0% cap · market cap 7.36%
Theoretical Best
Multifamily LT 5
$6.62M
$5.79M – $7.72M
NOI $463,135 @ 7.0% cap · market cap 38.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
836
Businesses Nearby
Balanced
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Painting with a Twist — 6425 W Jefferson Blvd, Fort Wayne, IN 46804
- Leverage Event Center — 6179 W Jefferson Blvd, Fort Wayne, IN 46804
- Mitchell's Sideline — 6107 W Jefferson Blvd, Fort Wayne, IN 46804
Frequently Asked Questions
What type of property is this?
Motel - Current professional business and apartment uses occupy a flexible hospitality-oriented building.
Where is this motel located?
The property is located at 5634 W Jefferson Boulevard Fort Wayne, IN.
What is the asking price?
The asking price for this property is $1,188,000.
What are key features of this property?
This property features: Configured for 16 motel rooms; Currently used for professional business and apartment purposes; Upper floor includes 4 bathrooms
