Auto Repair Shop with
New
For Sale
$760,000
7709 Lima Rd, Fort Wayne, IN 46818
The operating repair business includes lifts, tools, and repeat customers, with commercial zoning.
Property Size2,228 SF
Lot Size0.90 Acres
Price / SF$341.11
Days on Market5
Property Features for 7709 Lima Rd
General Information
Standard status
Active
Size
2,228 SF
Lot size
0.90 Acres
Site & Location
Neighborhood
Northwest Lima Woods
Traffic Count
42,000 vehicles/day
Road Access
Yes
Additional Details
Business Included
Yes
Automotive Uses
auto repair
Building Details
Year Built
1940
Listing Agency:
Realty ONE Group Envision
Listed By:
Edward Judkins · License #RB14039636
(260) 450-2204
Source:
Theferrellgroupkw
Added: Oct 20
Changed: Oct 23
Last Checked: Sep 11 at 6:15AM
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 Realty ONE Group Envision
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Investment Insights
Based on property information with market context.
An operating auto repair business occupies a 0.9-acre commercial property. The shop comes with automotive lifts and tools, and the existing customer base includes repeat clients. The owner is retiring and is willing to assist with the transition and sign a non-compete agreement. The building dates to 1940, and the business currently has a secretary, one full-time mechanic, and one part-time mechanic.
Located on Lima Road, the property has 320 feet of frontage and two curb cuts. The reported daily traffic count is 42,000 vehicles. Underground tanks have been removed, and environmental documentation is available.
Located on Lima Road, the property has 320 feet of frontage and two curb cuts. The reported daily traffic count is 42,000 vehicles. Underground tanks have been removed, and environmental documentation is available.
Key Highlights
- Operating auto repair business with lifts, tools, and repeat customers
- 0.9‑acre site with 320 feet of frontage on Lima Road
- Two curb cuts provide access from Lima Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,406
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,120
$428.1K
Cap Rate 7%
$305,800
$305.8K
Cap Rate 9%
$237,844
$237.8K
Market Conditions
NOI Build-Up for 2,228 SF
Gross rent
$33.4K $15.00/SF
− Vacancy
−$2.8K −$1.28/SF
EGI
$30.6K $13.73/SF
− OpEx
−$9.2K −$4.12/SF
NOI
$21.4K $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 Rate 5%
$428,120
Cap Rate 7%
$305,800
Cap Rate 9%
$237,844
Alternative Uses
Best Use
Retail
$305.8K
$267.6K – $356.8K
NOI $21,406 @ 7.0% cap · market cap 2.82%
Second Best
Industrial
$190.5K
$166.7K – $222.3K
NOI $13,335 @ 7.0% cap · market cap 1.75%
Theoretical Best
Multifamily LT 5
$1.86M
$1.63M – $2.17M
NOI $130,286 @ 7.0% cap · market cap 17.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
42,000 VPD
Traffic count
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
302
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46818, IN
22,071
Population
8,512
Households
2.6
Avg Household Size
37
Median Age
31%
College-Educated
92%
High-School Grad
66.8 sq mi
ZIP Area
330
Density / Sq Mi
$86,583
Median Household Income
$45,481
Median Earnings
$1,274
Median Rent
$221,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Morts Wayside Garage — 7709 Lima Rd, Fort Wayne, IN 46818
- TRULAND Equipment — 7734 Lima Rd, Fort Wayne, IN 46825
- Mutton Powersports — 7734 Lima Rd, Fort Wayne, IN 46818
- Xtreme Automotive Detailing — 1520 W Wallen Rd, Fort Wayne, IN 46825
Frequently Asked Questions
What type of property is this?
Auto shop - The operating repair business includes lifts, tools, and repeat customers, with commercial zoning.
Where is this auto shop located?
The property is located at 7709 Lima Rd Fort Wayne, IN.
What is the asking price?
The asking price for this property is $760,000.
What are key features of this property?
This property features: Operating auto repair business with lifts, tools, and repeat customers; 0.9‑acre site with 320 feet of frontage on Lima Road; Two curb cuts provide access from Lima Road
