Office Building For
For Sale
Contact for pricing
6721 Old Trail Road, Fort Wayne, IN 46809
12,310 SF office building available for purchase.
Property Size12,310 SF
Price / SF$146.22
Days on Market221
Property Features for 6721 Old Trail Road
General Information
Standard status
Active
Size
12,310 SF
Class
B
Property subtype
Office
Zoning
C3/General Commercial
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$116,000
Building Details
Year Built
1960
Year Renovated
2007
Buildings
1
Units
2
Tenancy
Multi
Listing Agency:
The Zacher Company
Listed By:
Evan Rubin · License #IN RB16000634
(260) 422-8474
Source:
Crexi
Added: Mar 10
Changed: Oct 10
Last Checked: Oct 16 at 5:54AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a 12,310 square foot office building available for sale.
Key Highlights
- 12,310 SF Office Building for sale
- Office Building
- 12,310 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$135,832
Cap Rate
7.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,716,640
$2.7M
Cap Rate 7%
$1,940,457
$1.9M
Cap Rate 9%
$1,509,244
$1.5M
Market Conditions
NOI Build-Up for 12,310 SF
Gross rent
$209.8K $17.04/SF
− Vacancy
−$28.7K −$2.33/SF
EGI
$181.1K $14.71/SF
− OpEx
−$45.3K −$3.68/SF
NOI
$135.8K $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%
$2,716,640
Cap Rate 7%
$1,940,457
Cap Rate 9%
$1,509,244
Alternative Uses
Best Use
Office B
$1.94M
$1.70M – $2.26M
NOI $135,832 @ 7.0% cap · market cap 7.55%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$10.28M
$9.00M – $12.00M
NOI $719,847 @ 7.0% cap · market cap 39.99%
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
329
Businesses Nearby
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
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - 12,310 SF office building available for purchase.
Where is this office building located?
The property is located at 6721 Old Trail Road Fort Wayne, IN.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 12,310 SF Office Building for sale; Office Building; 12,310 SF
