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    Industrial Building with Office Suite Title is generated by Realmo AI

    7616 Disalle Blvd, Fort Wayne, IN 46825

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    Industrial building with office suite and storage unit available.

    Type:Office, Industrial
    Added:
    May 30, 2024
    Days on Market:
    732
    Last Refresh:
    May 12 at 8:12 pm

    Property Features for 7616 Disalle Blvd

    General Information

    Standard status
    Active
    Property subtype
    Office, Industrial

    Building Details

    Year Built
    1988

    Spaces For Lease

    at 7616 Disalle Blvd Contact us

    Barn 2A $5/Mo

    Size
    560 SF
    Type
    Industrial
    28' x 20' non-climate controlled storage space
    Contact us

    Suite E $7/Mo

    Size
    680 SF
    Type
    Office, Industrial
    Contact us

    Suite D $7/Mo

    Size
    1,366 SF
    Type
    Office, Industrial
    Suite D is 1,366 SF built out as office space and has one 12’ x 12’ overhead...
    show more
    Contact us

    We can help!

    Listing Contact
    Philip Hagee

    Listing agent Philip Hagee License #IN RB18000652

    Listing office Sturges Property Group

    Listing date May 30, 2024

    Source Crexi

    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 Sturges Property Group

    HighLights

    • Excellent Location: Only 1.2 miles from I‑69 with proximity to I‑469, US 30, US 33 and Highway 3.
    • Zoned I1 - Limited Industrial: Suitable for a range of industrial uses.
    • Available Suite and Storage Unit: Suite E (office build‑out) and Barn 2A offer flexible space options.
    • Ample Parking: 32 paved spaces in front with additional parking behind the building.
    • Established Industrial Area: Located near Advanced Systems Group, Havel, and Shambaugh & Son.
    • Benefits from increased traffic on Cook Road due to proximity to Smith Field Airport.

    Overview

    Located at 7616 DiSalle Blvd, this industrial building offers one suite and one storage unit for lease. Suite E, situated on the second floor, is built out as an office space on the northern side of the building. Barn 2A is an outbuilding located behind the main structure. The property is zoned I1 - Limited Industrial. There are 32 paved parking spaces in the front, with additional parking available behind the building. The location is north of Cook Road, between Coldwater Road and Lima Road, and approximately 1.2 miles from I-69. It also offers convenient access to I-469, US 30, US 33, and Highway 3. Situated north of Smith Field Airport, the property benefits from increased traffic on Cook Road. Neighboring tenants within the building include Nox Racing and Sky High Graphics. Nearby businesses include Advanced Systems Group, Havel, and Shambaugh & Son.
    Property Profile Location Intelligence

    Current Use by Public Records

    Reclaimed Barn Supply, ... General Contractor Sky High Graphix ... Marketing & Advertising Nox Racing Auto Repair Shop Prestige Exteriors & Vinyl ... Roofing Company Schindler Elevators & Escalators ... General Contractor

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.1443922
    Latitude
    41.1490182

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    FAQs

    What type of property is this?
    Flex space - Industrial building with office suite and storage unit available.
    Where is this flex space located?
    The property is located at 7616 Disalle Blvd Fort Wayne, IN.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: Excellent Location: Only 1.2 miles from I‑69 with proximity to I‑469, US 30, US 33 and Highway 3.; Zoned I1 - Limited Industrial: Suitable for a range of industrial uses.; Available Suite and Storage Unit: Suite E (office build‑out) and Barn 2A offer flexible space options.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Philip Hagee
    Real Estate License ID: IN RB18000652
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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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