Storefront Property with Additional
New
For Sale
$110,000
714 Oxford St, Fort Wayne, IN 46806
C2 limited commercial zoning supports continued barbershop use and adaptation for retail, convenience, or restaurant operations.
Property Size520 SF
Price / SF$211.54
Days on Market6
Property Features for 714 Oxford St
General Information
Standard status
Active
Size
520 SF
Zoning
C2
Building Details
Year Built
1951
Listing Agency:
Anthony REALTORS
(260) 750-2818
Listed By:
Monte Stevenson · License #RB20000786
Source:
Anthonyrealtors
Added: Aug 23
Changed: Aug 28
Last Checked: Aug 28 at 1:12PM
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 Anthony REALTORS
Investment Insights
Based on property information with market context.
This storefront property at 714 Oxford St includes a commercial space that previously operated as a barbershop. The layout can continue in that role or be adapted for retail, convenience store, or restaurant use under C2 limited commercial zoning.
On-street parking serves the property, and an additional lot is included for expanded parking or possible future improvements. Recent mechanical updates include a furnace and AC unit that are less than a year old. The building dates to 1951 and is located in Fort Wayne, Indiana.
On-street parking serves the property, and an additional lot is included for expanded parking or possible future improvements. Recent mechanical updates include a furnace and AC unit that are less than a year old. The building dates to 1951 and is located in Fort Wayne, Indiana.
Key Highlights
- C2 limited commercial zoning
- Previously operated as a barbershop
- Retail, convenience store, and restaurant use identified in the property information
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$4,996
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$99,920
$99.9K
Cap Rate 7%
$71,371
$71.4K
Cap Rate 9%
$55,511
$55.5K
Market Conditions
NOI Build-Up for 520 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$7.8K $15.00/SF
− Vacancy
−$663 −$1.28/SF
EGI
$7.1K $13.73/SF
− OpEx
−$2.1K −$4.12/SF
NOI
$5.0K $9.61/SF
Area
Fort Wayne, IN
Vacancy
8.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$99,920
Cap Rate 7%
$71,371
Cap Rate 9%
$55,511
Alternative Uses
Best Use
Retail
$71.4K
$62.5K – $83.3K
NOI $4,996 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$434.4K
$380.1K – $506.8K
NOI $30,408 @ 7.0% cap · market cap 27.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
618
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46806, IN
26,083
Population
10,282
Households
2.5
Avg Household Size
29
Median Age
9%
College-Educated
73%
High-School Grad
8.3 sq mi
ZIP Area
3,143
Density / Sq Mi
$44,601
Median Household Income
$31,472
Median Earnings
$924
Median Rent
$78,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - C2 limited commercial zoning supports continued barbershop use and adaptation for retail, convenience, or restaurant operations.
Where is this storefront property located?
The property is located at 714 Oxford St Fort Wayne, IN.
What is the asking price?
The asking price for this property is $110,000.
What are key features of this property?
This property features: C2 limited commercial zoning; Previously operated as a barbershop; Retail, convenience store, and restaurant use identified in the property information
