Class A Medical Office
For Sale
Contact for pricing
7920 West Jefferson Boulevard, Fort Wayne, IN 46804
Medical office building on Lutheran Hospital Campus, visible from I-69.
Property Size48,858 SF
Price / SF$0.00
Days on Market341
Property Features for 7920 West Jefferson Boulevard
General Information
Standard status
Active
Size
48,858 SF
Class
A
Property subtype
Office
Lease Term
NNN
Building Details
Building Size
48,858 SF
Year Built
2001
Properties For Sale
at 7920 West Jefferson Boulevard Contact usSuite 110
Size
3,719 SF
Type
Medical
Term
Negotiable
Suite 120
Size
3,816 SF
Type
Medical
Term
Negotiable
Listing Agency:
SVN | Parke Group
Listed By:
Diana Parent, CCIM · License #RB14025581
(260) 489-8500
Source:
Svn
Added: Nov 21, 2025
Changed: Oct 25
Last Checked: Oct 28 at 5:17AM
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 SVN | Parke Group
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Investment Insights
Based on property information with market context.
This Class A medical office building is situated on the Lutheran Hospital Campus and is visible from I-69. The property provides convenient access and ample parking. Key tenants include Summit Surgical Suites and Ortho NorthEast. Located off West Jefferson Blvd. and I-69 in southwest Fort Wayne, the campus spans 58 acres and includes specialty medical and dental facilities. The hospital on the campus serves over 240,000 patients annually and features an Emergency Room, Surgical Center, Children's Hospital, diagnostic and lab services, and other services. The location offers easy access to restaurants, banks, retail centers, and residential developments. The property's size is 48858 square feet.
Key Highlights
- Located on the highly desirable Lutheran Hospital Campus.
- Class A medical office suites suitable for medical professionals.
- High visibility from I‑69.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$539,111
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,782,220
$10.8M
Cap Rate 7%
$7,701,586
$7.7M
Cap Rate 9%
$5,990,122
$6.0M
Market Conditions
NOI Build-Up for 48,858 SF
Gross rent
$832.5K $17.04/SF
− Vacancy
−$113.7K −$2.33/SF
EGI
$718.8K $14.71/SF
− OpEx
−$179.7K −$3.68/SF
NOI
$539.1K $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%
$10,782,220
Cap Rate 7%
$7,701,586
Cap Rate 9%
$5,990,122
Alternative Uses
Best Use
Healthcare Medical
$7.72M
$6.76M – $9.01M
NOI $540,471 @ 7.0% cap · market cap 2,573,671.43%
Second Best
Office B
$7.70M
$6.74M – $8.99M
NOI $539,111 @ 7.0% cap · market cap 2,567,195.24%
Theoretical Best
Multifamily LT 5
$40.81M
$35.71M – $47.62M
NOI $2,857,050 @ 7.0% cap · market cap 13,605,000.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,358
Businesses Nearby
Under-served
Demand for This Use
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office building on Lutheran Hospital Campus, visible from I-69.
Where is this medical office space located?
The property is located at 7920 West Jefferson Boulevard Fort Wayne, IN.
What are key features of this property?
This property features: Located on the highly desirable Lutheran Hospital Campus.; Class A medical office suites suitable for medical professionals.; High visibility from I‑69.
