Restaurant and Airbnb
For Sale
Contact for pricing
5700 Bluffton Road, Fort Wayne, IN 46809
Profitable restaurant and updated Airbnb on 1.01 acres.
Property Size4,756 SF
Lot Size1.01 Acres
Price / SF$262.83
Days on Market941
Property Features for 5700 Bluffton Road
General Information
Standard status
Active
Size
4,756 SF
Class
B
Lot size
1.01 Acres
Property subtype
Retail
Zoning
C2/Limited Commercial
Net Operating Income
$222,816
Building Details
Year Built
1949
Year Renovated
2023
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
The Zacher Company
Listed By:
Evan Rubin · License #IN RB16000634
(260) 422-8474
Source:
Crexi
Added: Mar 20, 2024
Changed: Oct 13
Last Checked: Oct 16 at 7:34AM
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 The Zacher Company
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Investment Insights
Based on property information with market context.
Located at 5700 Bluffton Road in Fort Wayne, Indiana, this property offers a 4,756 square-foot building constructed in 1949. Zoned C2/Limited Commercial, the property is situated in the Southwest area. The sale includes both the real estate and the business. The property features a 3,156 square-foot restaurant with strong sales, along with a recently updated 1,600 square-foot Airbnb. The restaurant includes a spacious kitchen area equipped with two 8-foot exhaust hood systems, furniture, equipment, and fixtures. The property also includes a detached garage and is set on 1.01 acres of land. The intended use of the property is for commercial purposes, including restaurant and short-term rental operations.
Key Highlights
- Profitable restaurant business with strong sales included in the sale
- Prime location in the thriving Southwest area of Fort Wayne
- Versatile property featuring a 3,156 SF restaurant and a recently updated 1,600 SF Airbnb
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,660
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,053,200
$1.1M
Cap Rate 7%
$752,286
$752.3K
Cap Rate 9%
$585,111
$585.1K
Market Conditions
NOI Build-Up for 4,756 SF
Gross rent
$75.9K $15.96/SF
− Vacancy
−$5.7K −$1.20/SF
EGI
$70.2K $14.76/SF
− OpEx
−$17.6K −$3.69/SF
NOI
$52.7K $11.07/SF
Area
Fort Wayne, IN
Vacancy
7.50%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,053,200
Cap Rate 7%
$752,286
Cap Rate 9%
$585,111
Alternative Uses
Best Use
Apartment 5plus
$3.56M
$3.12M – $4.16M
NOI $249,521 @ 7.0% cap · market cap 19.96%
Second Best
Specialty Retail
$752.3K
$658.3K – $877.7K
NOI $52,660 @ 7.0% cap · market cap 4.21%
Theoretical Best
Multifamily LT 5
$3.97M
$3.48M – $4.64M
NOI $278,115 @ 7.0% cap · market cap 22.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
145
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46809, IN
8,946
Population
4,116
Households
2.2
Avg Household Size
40
Median Age
14%
College-Educated
90%
High-School Grad
24.7 sq mi
ZIP Area
362
Density / Sq Mi
$54,362
Median Household Income
$37,988
Median Earnings
$804
Median Rent
$122,800
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 Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Profitable restaurant and updated Airbnb on 1.01 acres.
Where is this conventional restaurant located?
The property is located at 5700 Bluffton Road Fort Wayne, IN.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Profitable restaurant business with strong sales included in the sale; Prime location in the thriving Southwest area of Fort Wayne; Versatile property featuring a **3,156 SF restaurant** and a **recently updated 1,600 SF Airbnb**
