930 E Coliseum Blvd Fort Wayne, IN 46805
8,830 SF building on 1.45 acres for sale.
Property Features for 930 E Coliseum Blvd
General Information
- Standard status
- Active
- Size
- 8,830 SF
- Lot size
- 1.45 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1979
Listing office Sturges Property Group (260) 424-8448
Listing date Oct 11, 2024
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- Prime location in a major regional trade area of Northeast Indiana, across from Northcrest Shopping Center and near Kroger.
- Large 1.45‑acre lot with an 8,830 SF building suitable for repurposing or development.
- C4 zoning allows for flexible commercial uses.
Local Financial Insights For Retail
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 | $132.5k | $15.00 |
| − Vacancy | −$11.3k | −$1.28 |
| EGI | $121.2k | $13.73 |
| − OpEx | −$36.4k | −$4.12 |
| NOI | $84.8k | $9.61 |