Two-Building Office
For Sale
$5,850,000
7802 7806 W Jefferson Boulevard, Fort Wayne, IN 46804
Two office buildings with existing company tenants and potential for separate acquisition.
Property Size18,740 SF
Price / SF$312.17
Days on Market56
Property Features for 7802 7806 W Jefferson Boulevard
General Information
Standard status
Active
Size
18,740 SF
Building Details
Year Built
1997
Tenancy
Multi
Listing Agency:
CENTURY 21 Bradley Realty, Inc
Listed By:
Dennis Worman · License #RB14042779
(260) 403-8451
Source:
Callcriswell
Added: Aug 20
Changed: Oct 3
Last Checked: Oct 13 at 12:03AM
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 CENTURY 21 Bradley Realty, Inc
Investment Insights
Based on property information with market context.
This office property comprises two buildings totaling 18,740 square feet. Constructed in 1997, the buildings are currently leased to operating companies, providing an established office setting for occupants.
The property is located at 7802 and 7806 W Jefferson Boulevard in Fort Wayne, Indiana. The buildings may be acquired separately if a buyer prefers to divide the offering, subject to the applicable transaction structure.
The property is located at 7802 and 7806 W Jefferson Boulevard in Fort Wayne, Indiana. The buildings may be acquired separately if a buyer prefers to divide the offering, subject to the applicable transaction structure.
Key Highlights
- Two office buildings totaling 18,740 square feet
- Existing company tenants currently leasing the buildings
- Built in 1997
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$206,782
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,135,640
$4.1M
Cap Rate 7%
$2,954,029
$3.0M
Cap Rate 9%
$2,297,578
$2.3M
Market Conditions
NOI Build-Up for 18,740 SF
Gross rent
$319.3K $17.04/SF
− Vacancy
−$43.6K −$2.33/SF
EGI
$275.7K $14.71/SF
− OpEx
−$68.9K −$3.68/SF
NOI
$206.8K $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%
$4,135,640
Cap Rate 7%
$2,954,029
Cap Rate 9%
$2,297,578
Alternative Uses
Best Use
Office B
$2.95M
$2.58M – $3.45M
NOI $206,782 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$15.66M
$13.70M – $18.26M
NOI $1,095,851 @ 7.0% cap · market cap 18.73%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,527
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Two office buildings with existing company tenants and potential for separate acquisition.
Where is this office building located?
The property is located at 7802 7806 W Jefferson Boulevard Fort Wayne, IN.
What is the asking price?
The asking price for this property is $5,850,000.
What are key features of this property?
This property features: Two office buildings totaling 18,740 square feet; Existing company tenants currently leasing the buildings; Built in 1997
