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    Industrial Facility with High Clearances Title is generated by Realmo AI

    9501 Airport Drive, Fort Wayne, IN 46809

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    For Lease
    $5 SF/Yr $14,437/Mo (calc)

    Well-maintained 31,500 SF industrial space with strong clear heights, power, and loading for storage, manufacturing, or distribution.

    Type:Industrial
    Property size:
    31,500 SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 3:03 am

    Property Features for 9501 Airport Drive

    General Information

    Standard status
    Active
    Size
    31,500 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    2000

    Spaces For Lease

    at 9501 Airport Drive Contact us

    We can help!

    Listing Contact
    Gary Buschman, SIOR
    Gary Buschman, SIOR

    Listing agent Gary Buschman, SIOR License ##RB14043846

    Listing office NAI Hanning & Bean

    Listing date Jun 2, 2026

    Source Naihanningbean

    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 NAI Hanning & Bean

    HighLights

    • 31,500 SF industrial facility built in 2000, available for lease
    • Clear heights: 16' to eave, 18' to center, and 20' at the peak
    • 480 amp, 277V, 3‑phase power plus LED lighting
    • Loading includes 2 dock doors and one 14' x 24' overhead door
    • Fully fenced site with alarm system; dry sprinkler system
    • Located in a TIF (Tax Increment Financing) district for potential incentives

    Overview

    This 31,500-square-foot industrial facility is built for operational flexibility, with clear heights of 16 feet to the eave, 18 feet to the center, and 20 feet at the peak. The space is described as well-maintained and functional, supported by a practical loading arrangement that includes two dock doors and a 14-foot by 24-foot overhead door. Interior improvements noted include new restroom and breakroom, LED lighting, and Cambridge heating.

    The property includes 480 amp, 277V, 3-phase power, and it is positioned on a secure, fully fenced site with an alarm system and a dry sprinkler system. Located within a Tax Increment Financing (TIF) district, the facility may offer potential incentive opportunities for qualifying tenants. The building is available for lease, and the amenities and site security are designed to support consistent day-to-day operations.

    Given the combination of substantial clear heights, modern lighting, and loading versatility, this property is a strong fit for companies that need room for storage and throughput as well as facilities supporting light manufacturing or distribution activities. The upgraded support spaces and dedicated power capacity can help streamline tenant setup for a range of industrial uses.
    Location Intelligence

    Current Use by Public Records

    Genova Products Plumbing Service

    Suggested Use

    Restaurant Law Firm Building Supply Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Department Store Kitchen & Bath Showroom HVAC Service Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • The Storage Place — 2930 W Ferguson Rd, Fort Wayne, IN 46809
    • AirX - Clarios Fort Wayne Warehouse — 3925 Airport Expy, Fort Wayne, IN 46809

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.1830241
    Latitude
    40.998032

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    FAQs

    What type of property is this?
    Warehouse - Well-maintained 31,500 SF industrial space with strong clear heights, power, and loading for storage, manufacturing, or distribution.
    Where is this warehouse located?
    The property is located at 9501 Airport Drive Fort Wayne, IN.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: 31,500 SF industrial facility built in 2000, available for lease; Clear heights: 16' to eave, 18' to center, and 20' at the peak; 480 amp, 277V, 3‑phase power plus LED lighting
    (260) 348-2769
    We can help!
    Listing Contact
    Gary Buschman, SIOR
    Gary Buschman, SIOR
    Real Estate License ID: #RB14043846
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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