76-Room Best Western
2902 E Dupont Rd Fort Wayne, IN 46825
2902 E Dupont Rd, Fort Wayne, IN, 46825
Contact for pricing
For Sale
Contact for pricing
Well-located hotel with indoor pool, fitness center, and breakfast area.
Property Size44,407 SF
Price / SF$137.37
Days on Market643
Property Features for 2902 E Dupont Rd
General Information
- Standard status
- Active
- Size
- 44,407 SF
- Property subtype
- Hospitality
Building Details
- Year Built
- 2001
Listing Agency
BPG Hotels
Listed by
Andrew Post · License #CA 01960611
Source
Crexi
Added: Oct 16, 2024 Checked: Jul 19 at 9:22 am
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 BPG Hotels
Investment Insights
Based on property information with market context.
The 76-room Best Western is located off Interstate 69 in Fort Wayne, Indiana. This interior corridor hotel includes an indoor pool, fitness center, and breakfast area. The property offers potential for hospitality investors, with ample space and modern amenities. Glenbrook Square, the largest shopping destination in Northeast Indiana, is nearby. Dining options include national chains and local eateries. The Foellinger-Freimann Botanical Conservatory and the Fort Wayne Museum of Art are also located in the area. The property has easy access to major roadways and a commercial district. The property size is 44407 square feet.
Key Highlights
- 76‑room Best Western hotel
- Located off Interstate 69 in Fort Wayne, Indiana
- Interior corridor design
Local Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $532.9k | $12.00 |
| − Vacancy | −$63.9k | −$1.44 |
| EGI | $468.9k | $10.56 |
| − OpEx | −$246.2k | −$5.54 |
| NOI | $222.7k | $5.02 |
44,407 SF · lease $12.00/SF/yr · vacancy 12.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$3.18M
$2.78M – $3.71M
NOI $222,746 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$37.10M
$32.46M – $43.28M
NOI $2,596,770 @ 7.0% cap · market cap 42.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Best Western Fort ...
Hotel & Motel
Similar For Sale Nearby
FAQs
What type of property is this?
Hotel - Well-located hotel with indoor pool, fitness center, and breakfast area.
Where is this hotel located?
The property is located at 2902 E Dupont Rd Fort Wayne, IN.
What is the asking price?
The asking price for this property is $6,100,000.
What are key features of this property?
This property features: 76‑room Best Western hotel; Located off Interstate 69 in Fort Wayne, Indiana; Interior corridor design
