Dupont Office
For Sale
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9910 Dupont Circle Drive East, Fort Wayne, IN 46825
Large office property within a Fort Wayne mixed-use business and medical park.
Property Size67,451 SF
Price / SF$123.27
Days on Market75
Property Features for 9910 Dupont Circle Drive East
General Information
Standard status
Active
Size
67,451 SF
Property subtype
OFFICE
Listing Agency:
Sturges Property Group
Listed By:
Brad Sturges · License #RB14041363
(260) 424-8448
Source:
Moodyscre
Added: Aug 11
Changed: Oct 16
Last Checked: Oct 23 at 9:14AM
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 Sturges Property Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 67,451-square-foot office building is located at 9910 Dupont Circle Drive East in Fort Wayne. Recent leasing activity totals 18,729 RSF, adding current occupancy momentum to the property.
The building is part of Dupont Business & Medical Park, a mixed-use business destination that combines office and medical-oriented surroundings. Landlord-funded tenant improvements are associated with the 2024-2026 period, supporting continued leasing activity across the property.
The building is part of Dupont Business & Medical Park, a mixed-use business destination that combines office and medical-oriented surroundings. Landlord-funded tenant improvements are associated with the 2024-2026 period, supporting continued leasing activity across the property.
Key Highlights
- 67,451‑square‑foot office building
- Recent leases total 18,729 RSF
- Located within Dupont Business & Medical Park
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$744,271
Cap Rate
8.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,885,420
$14.9M
Cap Rate 7%
$10,632,443
$10.6M
Cap Rate 9%
$8,269,678
$8.3M
Market Conditions
NOI Build-Up for 67,451 SF
Gross rent
$1.15M $17.04/SF
− Vacancy
−$157.0K −$2.33/SF
EGI
$992.4K $14.71/SF
− OpEx
−$248.1K −$3.68/SF
NOI
$744.3K $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%
$14,885,420
Cap Rate 7%
$10,632,443
Cap Rate 9%
$8,269,678
Alternative Uses
Best Use
Office B
$10.63M
$9.30M – $12.40M
NOI $744,271 @ 7.0% cap · market cap 8.95%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$56.35M
$49.30M – $65.74M
NOI $3,944,305 @ 7.0% cap · market cap 47.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,053
Businesses Nearby
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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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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Large office property within a Fort Wayne mixed-use business and medical park.
Where is this office building located?
The property is located at 9910 Dupont Circle Drive East Fort Wayne, IN.
What is the asking price?
The asking price for this property is $8,315,000.
What are key features of this property?
This property features: 67,451‑square‑foot office building; Recent leases total 18,729 RSF; Located within Dupont Business & Medical Park
