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    2980 Coliseum Blvd Fort Wayne, IN 46805

    Sponsored
    For Sale
    $7,000,000

    Prime location, 60,040 SF, NNN lease.

    Property size:
    60,040 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a fully leased, 60,040 square foot Class A executive office building located at 2980-2990 E. Coliseum Blvd, Fort Wayne, Indiana. The property boasts a single, credit-rated tenant (ITI) under a Net Lease (NNN) agreement with 4 years remaining on a 15.1-year lease (commencing November 1, 2013, expiring November 30, 2028). The building, constructed in 1959 and renovated in 2018, sits on a 5.51-acre lot (APN: 02-08-30-428-001.000.072 02-08-30-428-003.004.072) and is zoned BTI (Business, Technology & Industrial Park). The asking price is $7,000,000, representing a price per square foot of $117 and a compelling 9.40% cap rate. The property generates a Net Operating Income (NOI) of $660,440. This two-story building offers 100% occupancy and presents a secure, long-term investment opportunity in a desirable Fort Wayne location, near amenities and Purdue Fort Wayne Business School. All information is deemed reliable but not guaranteed

    Property Features for 2980 Coliseum Blvd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    60,040 SF
    Class
    A
    Lot Size
    240,016 SF

    Building Details

    Year Built/Renovated
    1959/2018
    Buildings
    1
    Stories
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Intellectual Technology Inc Software Company Former GTE Office ... Corporate Office

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.103930883617
    Latitude
    41.109975972722

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    FAQs

    What type of property is this?
    Office Property / Space - Prime location, 60,040 SF, NNN lease.
    Where is this office property / space located?
    The property is located at 2980 Coliseum Blvd Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $7,000,000.
    (260) 422-8474
    Request Owner's contact information
    2980 Coliseum Blvd Fort Wayne, IN 46805
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    Fort Wayne, IN 46805
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    2980 Coliseum Blvd Fort Wayne, IN 46805
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