Historic Office
For Sale
Contact for pricing
916 Fairfield Avenue Unit 2, Fort Wayne, IN 46802
Ground-floor workspace offers an open layout with utilities included.
Property Size700 SF
Price / SF$13.71
Days on Market10
Property Features for 916 Fairfield Avenue Unit 2
General Information
Standard status
Active
Size
700 SF
Property subtype
Commercial
Site & Location
Neighborhood
West Central Neighborhood Assn
Additional Details
Floor
Ground Floor
Property Use
Office
Building Details
Year Built
1886
Listing Agency:
The Burnell Group
Listed By:
Bradley Gump · License #RB25001172
(260) 452-5207
Source:
Jmrealtyonline
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 3:08PM
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 The Burnell Group
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Investment Insights
Based on property information with market context.
This office suite occupies the ground floor of a historic carriage house built in 1886. Its open-concept interior measures 35' x 20', providing a flexible configuration for office use. Utilities are included, and the property features landscaped grounds.
Key Highlights
- 35' x 20' open‑concept floor plan
- Ground‑floor office suite in an 1886 carriage house
- Utilities included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,724
Suggested Prices Based on Cap Rates
Cap Rate 5%
$154,480
$154.5K
Cap Rate 7%
$110,343
$110.3K
Cap Rate 9%
$85,822
$85.8K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$11.9K $17.04/SF
− Vacancy
−$1.6K −$2.33/SF
EGI
$10.3K $14.71/SF
− OpEx
−$2.6K −$3.68/SF
NOI
$7.7K $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%
$154,480
Cap Rate 7%
$110,343
Cap Rate 9%
$85,822
Alternative Uses
Best Use
Office B
$110.3K
$96.6K – $128.7K
NOI $7,724 @ 7.0% cap · market cap 80.46%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$584.8K
$511.7K – $682.2K
NOI $40,934 @ 7.0% cap · market cap 426.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,655
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46802, IN
10,664
Population
5,831
Households
1.8
Avg Household Size
35
Median Age
23%
College-Educated
83%
High-School Grad
4.2 sq mi
ZIP Area
2,539
Density / Sq Mi
$40,903
Median Household Income
$32,172
Median Earnings
$880
Median Rent
$131,600
Median Home Value
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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 space - Ground-floor workspace offers an open layout with utilities included.
Where is this office space located?
The property is located at 916 Fairfield Avenue Unit 2 Fort Wayne, IN.
What are key features of this property?
This property features: 35' x 20' open‑concept floor plan; Ground‑floor office suite in an 1886 carriage house; Utilities included
