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    Flex Space in Kroger-Anchored Center Title is generated by Realmo AI

    6302-6770 E State Boulevard, Fort Wayne, IN 46815

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    For Lease
    $10 SF/Yr $2,700/Mo (calc)

    Endcap flex suite with open front and rear areas plus a rear overhead door for versatile operations.

    Type:Industrial
    Property size:
    3,240 SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 2:42 am

    Property Features for 6302-6770 E State Boulevard

    General Information

    Standard status
    Active
    Size
    3,240 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1970

    Spaces For Lease

    at 6302-6770 E State Boulevard Contact us

    We can help!

    Listing Contact
    Rachel Romary
    Rachel Romary

    Listing agent Rachel Romary License ##RB14043846

    Listing office NAI Hanning & Bean

    Listing date Jun 2, 2026

    Source Naihanningbean

    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 NAI Hanning & Bean

    HighLights

    • 3,240 SF flex space (Unit 21) in a Kroger‑anchored shopping center end cap
    • Open front area plus large generally open rear area for flexible use
    • Rear overhead door: 12' wide x 10'6" high
    • Ceiling heights range from 9'4" to 11'3" throughout the suite
    • Well‑maintained center with on‑site property management

    Overview

    This Georgetown flex space provides 3,240 square feet arranged for flexibility, with an open area at the front of the unit and a larger, generally open area toward the rear. Ceiling height runs from 9'4" to 11'3" throughout the space, supporting a range of light industrial and service-oriented uses. The suite includes one overhead door at the rear measuring 12' wide by 10'6" high, providing straightforward access for deliveries or in-out workflows. The space is described as well-maintained and is offered within a managed center.

    The property is located on an end cap unit of a Kroger-anchored building in the center. It sits in a vibrant shopping hub on Fort Wayne’s northeast side with strong demographics, and the center benefits from high vehicle and foot traffic counts.

    For tenants seeking a managed, retail-oriented environment with functional warehouse capability, this endcap flex layout is likely to fit well. The combination of open interior areas and the rear overhead door supports operations that need both customer-facing space and practical back-of-house access, while the on-site property management can help streamline day-to-day occupancy.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Similar Places Nearby

    • Catering Fort Wayne LLC. — 6338 E State Blvd, Fort Wayne, IN 46815

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.0599019
    Latitude
    41.1001169

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    FAQs

    What type of property is this?
    Flex space - Endcap flex suite with open front and rear areas plus a rear overhead door for versatile operations.
    Where is this flex space located?
    The property is located at 6302-6770 E State Boulevard Fort Wayne, IN.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: 3,240 SF flex space (Unit 21) in a Kroger‑anchored shopping center end cap; Open front area plus large generally open rear area for flexible use; Rear overhead door: 12' wide x 10'6" high
    (260) 341-0230
    We can help!
    Listing Contact
    Rachel Romary
    Rachel Romary
    Real Estate License ID: #RB14043846
    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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