76-Room Best Western
For Sale
Contact for pricing
2902 E Dupont Rd, Fort Wayne, IN 46825
Well-located hotel with indoor pool, fitness center, and breakfast area.
Property Size44,407 SF
Price / SF$137.37
Days on Market734
Property Features for 2902 E Dupont Rd
General Information
Standard status
Active
Size
44,407 SF
Property subtype
Hospitality
Building Details
Year Built
2001
Stories
3
Listing Agency:
BPG Hotels
Listed By:
Andrew Post · License #CA 01960611
Source:
Crexi
Added: Oct 16, 2024
Changed: Oct 16
Last Checked: Oct 16 at 7:31AM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$222,746
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,454,920
$4.5M
Cap Rate 7%
$3,182,086
$3.2M
Cap Rate 9%
$2,474,956
$2.5M
Market Conditions
NOI Build-Up for 44,407 SF
Gross rent
$532.9K $12.00/SF
− Vacancy
−$63.9K −$1.44/SF
EGI
$468.9K $10.56/SF
− OpEx
−$246.2K −$5.54/SF
NOI
$222.7K $5.02/SF
Area
Fort Wayne, IN
Vacancy
12.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,454,920
Cap Rate 7%
$3,182,086
Cap Rate 9%
$2,474,956
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 authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,154
Businesses Nearby
Explore this area
Business Placement
Demographics for 46825, IN
29,062
Population
13,597
Households
2.1
Avg Household Size
38
Median Age
34%
College-Educated
91%
High-School Grad
15.6 sq mi
ZIP Area
1,863
Density / Sq Mi
$68,890
Median Household Income
$44,788
Median Earnings
$1,044
Median Rent
$202,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
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
