Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    14033 Illinois Rd Fort Wayne, IN 46814
    Back to Search
    Property profile & analytics

    14033 Illinois Rd Fort Wayne, IN 46814

    View on Map
    • Office properties & Spaces
    • 9,688 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Wendy Bellamy / Real Estate Agency
    • Mike Thomas Associates / Real Estate Agency
    • Federoff Law LLC / Law Firm
    • Sports Insurance Specialists, LLC / Corporate Office
    • Lavin Financial Group / Accounting Firm

    Property Details for 14033 Illinois Rd

    Year built
    2007
    Property size
    9,688 SF
    Property type
    Office properties & Spaces
    Property subtype
    Coworking space

    Description

    This exceptional 3,832 square foot office space is available for immediate lease in a prime Fort Wayne location at 14033 Illinois Road, near Illinois Road. The property, built in 2007 and renovated in 2019, is a single-story, Class B building totaling 9,688 square feet situated on a 1.4-acre lot. The space is perfect for a variety of business types, offering flexible configurations suitable for traditional office setups, coworking arrangements, or executive suites. The building features a single tenancy, ensuring privacy and control. The property's zoning is NC-Neighborhood Center, reflecting its suitability for commercial use within a thriving community. The property's APN is 02-11-07-200-008.005-038. Located in a vibrant business district, this space offers easy access to a range of amenities and networking opportunities. This is a rare opportunity to secure a well-maintained, modern office space in a highly desirable Fort Wayne location. The address is 14033 Illinois Road, Fort Wayne, IN 46814.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.3248
    Latitude
    41.0736

    Comparable in this City

    • Value Estimation
      $875,000
      9,838 SF

      14413 State Rd 14

      OFFICE (GENERAL) • 9,838 SF
      14413 State Rd 14, Fort Wayne, IN 46814-9610
      View Details
    • Value Estimation by Request
      900 SF

      7127 Homestead Rd Ste I

      OFFICE (GENERAL) • 900 SF
      7127 Homestead Rd Ste I, Fort Wayne, IN 46814-4601
      View Details
    • Value Estimation by Request
      900 SF

      7127 Homestead Rd Ste J

      OFFICE (GENERAL) • 900 SF
      7127 Homestead Rd Ste J, Fort Wayne, IN 46814-4601
      View Details
    • Value Estimation
      $13,275,000
      143,900 SF

      4312 Homestead Rd

      OFFICE (GENERAL) • 143,900 SF
      4312 Homestead Rd, Fort Wayne, IN 46814-5400
      View Details
    • Value Estimation by Request
      1,200 SF

      7127 Homestead Rd Ste D

      OFFICE (GENERAL) • 1,200 SF
      7127 Homestead Rd Ste D, Fort Wayne, IN 46814-4601
      View Details
    • Value Estimation by Request
      900 SF

      7127 Homestead Rd Ste H

      OFFICE (GENERAL) • 900 SF
      7127 Homestead Rd Ste H, Fort Wayne, IN 46814-4601
      View Details

    Similar Nearby for Sale

    • $2,500,000
      3,003 SF

      Office Space Near Chestnut Hills

      Premier office space in Southwest Fort Wayne near Chestnut Hills.
      901-991 Chestnut Hills Pkwy, Fort Wayne, IN 46814
      View Details
    • $69,900
      0.36 Acres

      Residential Land in Fort Wayne

      Residential land available in a superb location near Chestnut Hills.
      11130 Kola Crossover, Fort Wayne, IN 46814
      View Details
    • $184,900
      3.00 Acres

      Residential Land in Aboite Township

      Residential land available in Bentley Estates, Fort Wayne, Indiana.
      847 Lagonda Trl, Fort Wayne, IN 46814
      View Details
    • $72,900
      0.31 Acres

      Residential Land in Fort Wayne

      Land available in Chestnut Creek, Fort Wayne, Indiana.
      10215 Chestnut Creek Blvd, Fort Wayne, IN 46814
      View Details
    • $96,900
      0.58 Acres

      Residential Land in Aboite Township

      Residential land available in Bentley Estates, Fort Wayne, Indiana.
      1335 Noyer Rd, Fort Wayne, IN 46814
      View Details
    • Contact for pricing

      Commercial Land in Fort Wayne

      10.46 acre commercial lot in southwest Fort Wayne.
      1102 Chestnut Hills Pkwy, Fort Wayne, IN 46814
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space in Fort Wayne

      Office space available for lease in southwest Fort Wayne, Indiana.
      1111 Chestnut Hills Pkwy, Fort Wayne, IN 46814
      View Details
    • $19 SF/Yr

      Class A Office Space Available

      Class A office building near Chestnut Hills Golf Club.
      1001 Chestnut Hills Pkwy, Fort Wayne, IN 46814
      View Details
    • Contact for pricing

      Retail/Office Space Ready

      Retail and office spaces available for build out.
      10906-10910 Us Highway 24, Fort Wayne, IN 46814
      View Details
    • $16 SF/Yr
      2,100 SF

      Class A Office Space Available

      Office space for sublease in Chestnut Hills Office Park.
      1111 Chestnut Hills Pkwy, Fort Wayne, IN 46814
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Homestead Center

      Retail space available in Homestead retail and office center.
      10910 Us Highway 24, Fort Wayne, IN 46814
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    14033 Illinois Rd
    Fort Wayne, IN 46814
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    14033 Illinois Rd, Fort Wayne, IN, 46814
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!