Office Building with Open
For Sale
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7619 W Jefferson Blvd, Fort Wayne, IN 46804
Established office setting with private offices, two-level parking, and access to nearby trail systems.
Property Size13,224 SF
Price / SF$128.55
Days on Market89
Property Features for 7619 W Jefferson Blvd
General Information
Standard status
Active
Size
13,224 SF
Total Parking Spaces
104
Property subtype
Office
Zoning
C1/ Office and Personal Services
Building Details
Year Built
2000
Year Renovated
2004
Buildings
1
Stories
2
Listing Agency:
The Zacher Company
Listed By:
Joy Neuenschwander, SIOR, CPM · License #IN RB14050456
(260) 750-5268
Source:
Crexi
Added: Jul 28
Changed: Oct 21
Last Checked: Oct 23 at 6:35AM
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.
This office building at 7619 W Jefferson Blvd offers an open floorplan arranged with several private offices. Constructed in 2000, the property is zoned C1 / Office and Personal Services and includes parking across two levels with 104 spaces. The configuration provides a combination of collaborative open area and enclosed workspaces within an established office environment.
The property is located in Jefferson Office Park near the Towpath and Eagle Marsh trails. Lutheran Hospital and IU Health are also in close proximity, adding established healthcare destinations to the surrounding context. The address is in Fort Wayne, Indiana, within the 46804 ZIP code.
The property is located in Jefferson Office Park near the Towpath and Eagle Marsh trails. Lutheran Hospital and IU Health are also in close proximity, adding established healthcare destinations to the surrounding context. The address is in Fort Wayne, Indiana, within the 46804 ZIP code.
Key Highlights
- Open floorplan with several private offices
- 104 parking spaces across 2 levels
- C1 / Office and Personal Services zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$145,917
Cap Rate
8.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,918,340
$2.9M
Cap Rate 7%
$2,084,529
$2.1M
Cap Rate 9%
$1,621,300
$1.6M
Market Conditions
NOI Build-Up for 13,224 SF
Gross rent
$225.3K $17.04/SF
− Vacancy
−$30.8K −$2.33/SF
EGI
$194.6K $14.71/SF
− OpEx
−$48.6K −$3.68/SF
NOI
$145.9K $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%
$2,918,340
Cap Rate 7%
$2,084,529
Cap Rate 9%
$1,621,300
Alternative Uses
Best Use
Office B
$2.08M
$1.82M – $2.43M
NOI $145,917 @ 7.0% cap · market cap 8.58%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$11.05M
$9.67M – $12.89M
NOI $773,295 @ 7.0% cap · market cap 45.49%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
967
Businesses Nearby
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Business Placement
Demographics for 46804, IN
28,800
Population
12,959
Households
2.2
Avg Household Size
40
Median Age
44%
College-Educated
96%
High-School Grad
17.7 sq mi
ZIP Area
1,627
Density / Sq Mi
$84,778
Median Household Income
$49,050
Median Earnings
$1,134
Median Rent
$241,000
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Established office setting with private offices, two-level parking, and access to nearby trail systems.
Where is this office building located?
The property is located at 7619 W Jefferson Blvd Fort Wayne, IN.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Open floorplan with several private offices; 104 parking spaces across 2 levels; C1 / Office and Personal Services zoning
