Established Retail Center on
For Sale
Contact for pricing
9105-9187 Lima Road, Fort Wayne, IN 46818
Well-maintained retail center with high visibility and ample parking.
Property Size56,843 SF
Days on Market329
Property Features for 9105-9187 Lima Road
General Information
Standard status
Active
Size
56,843 SF
Property subtype
Retail
Lease Term
NNN
Building Details
Building Size
56,843 SF
Year Built
1965
Properties For Sale
at 9105-9187 Lima Road
Unit 1825
Size
1,558 SF
Type
Warehouse/Distribution
Term
Negotiable
Listed By:
Gary Buschman, SIOR · License #IN #RB16000026
(260) 348-2769
Source:
Naihanningbean
Added: Nov 21, 2025
Changed: Oct 15
Last Checked: Oct 16 at 6:43AM
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 Gary Buschman, SIOR
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Investment Insights
Based on property information with market context.
This established and well-maintained neighborhood center is located in northwest Fort Wayne, 1.5 miles south of Dupont Road and 3 miles north of I-69. The property has over 450' of frontage on Lima Road, providing excellent visibility and direct access. Traffic counts exceed 34,000 vehicles per day. The total square footage is 56,843 SF, accommodating numerous tenants that provide a variety of neighborhood goods and services. The plaza features a large full-color digital pylon sign for business promotion. The property is ideal for office or retail users and offers ample front door parking. The national tenant mix includes Chase Bank, NAPA Auto Parts, and Do It Best. It is located on Lima Road with great visibility and close proximity to Dupont Road.
Key Highlights
- High traffic counts: Over 34,000 vehicles per day.
- Excellent visibility and direct access from Lima Road with over 450' of frontage.
- Established and well‑maintained neighborhood center.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$546,119
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,922,380
$10.9M
Cap Rate 7%
$7,801,700
$7.8M
Cap Rate 9%
$6,067,989
$6.1M
Market Conditions
NOI Build-Up for 56,843 SF
Gross rent
$852.6K $15.00/SF
− Vacancy
−$72.5K −$1.28/SF
EGI
$780.2K $13.73/SF
− OpEx
−$234.1K −$4.12/SF
NOI
$546.1K $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%
$10,922,380
Cap Rate 7%
$7,801,700
Cap Rate 9%
$6,067,989
Alternative Uses
Best Use
Retail
$7.80M
$6.83M – $9.10M
NOI $546,119 @ 7.0% cap · market cap 6,067,988.89%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$47.49M
$41.55M – $55.40M
NOI $3,323,985 @ 7.0% cap · market cap 36,933,166.67%
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
245
Businesses Nearby
Under-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Shopping center - Well-maintained retail center with high visibility and ample parking.
Where is this shopping center located?
The property is located at 9105-9187 Lima Road Fort Wayne, IN.
What are key features of this property?
This property features: High traffic counts: Over 34,000 vehicles per day.; Excellent visibility and direct access from Lima Road with over 450' of frontage.; Established and well‑maintained neighborhood center.
