1919 Cook Rd Fort Wayne, IN 46818
- Office Properties & Spaces
- 248,016 SF
- 50.67 lot acres
Current Use by Public Records
- Parkview Education Center / Medical Clinic
- Tim Hortons / Cafe
- Harris corp ft wayne indianna / Corporate Office
- L3Harris / Corporate Office
- Harris\Parkview Health Center / Aerospace Company
Property Details for 1919 Cook Rd
- Year built
- 1987
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 50.67 lot acres
- Property size
- 248,016 SF
- Property type
- Office Properties & Spaces
- APN
- 02-07-15-126-017.000-073
- APU
- 20715126017000073
Description
This exceptional Class A office property, totaling 120,000 square feet, presents a unique leasing opportunity in a high-growth area of Fort Wayne, Indiana. Located at 1919 W Cook Rd, this three-building complex boasts 1,000 parking spaces and sits on a generous 52.53-acre lot. Built in 1987, the two-story buildings offer flexible space, divisible into units as small as 25,000 square feet, with a maximum contiguous space of 120,000 square feet. Currently, the entire 120,000 square feet is available for lease. The property is zoned C1, allowing for a variety of uses, including executive, medical, and traditional office spaces, as well as research and development, and even light manufacturing and distribution (subject to zoning approval). Its strategic location along Lima Road, a major retail corridor with high traffic volume (over 37,900 cars daily), provides excellent visibility and accessibility. Nearby retail anchors include Lowe's, Home Depot, Costco, Meijer, and more. The property benefits from its position in one of Fort Wayne's fastest-growing areas, exceeding both national and state average projected growth within a 5-mile radius over the next 5 years. The lease rate is $20.00 per square foot (modified gross). Elevators are available.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $5,500,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $5,130,000
- 6.5%
- $5,455,000
- 7%
- $6,040,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $5,055,000
- Geo Method
- $6,360,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $5,975,000
- Retail
- $4,415,000
- Mixed-Use
- $4,670,000
- Hospitality
- $4,795,000
- Educational
- $5,410,000
- Residential Income
- $5,930,000
- Energy
- $5,510,000
- Income-Based Land
- $4,660,000
- Food Service
- $5,210,000
Location Insight
- Map
- Local Demand
- City
- Fort Wayne
- County
- Allen
- State
- Indiana
- Longitude
- -85.1663
- Latitude
- 41.1441
- CBSA code
- 23060
- CBSA name
- FORT WAYNE, IN METROPOLITAN STATISTICAL AREA
