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Property profile & analytics
FOR SALE
Medical Office Space

11115 Lima Rd Fort Wayne, IN 46818

4,366 SF 1.18 ac lot Built 2004
Entity Owned 13-yr Hold Absentee Owner Free & Clear
Property ID
US31-0347056
Property summary
AI-generated overview

This exceptional 6,875 square foot medical office building, constructed in 2004, is situated on a 1.18-acre lot in Fort Wayne, Indiana, and zoned AR. The property boasts excellent visibility and signage due to its location directly off Lima Road. Currently, one suite of 5,924 square feet is available for immediate occupancy. This move-in ready space features numerous labs and exam rooms, a fully equipped kitchen, a staff break room, administrative office space, and a private provider office complete with a full bathroom including a shower. The building offers ample paved parking and attractive landscaping. The multiple-tenancy building presents a fantastic opportunity for medical professionals seeking a well-appointed and conveniently located practice space. The property's features and location make it an ideal setting for a thriving medical practice. Serious inquiries are encouraged.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2004
Construction WOOD
Total area 4,366 SF
Lot 1.18 ac (51,401 SF)
APN 02-02-32-156-009.000-091
UPID US31-0347056
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dental Consultants-Ne Indiana Dental Office
  • Dr. Matthew D. Haller, DMD Dental Office
  • Dr. Crystal Jencks Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$520k
Owner & transaction history
Scott Investors LLC · 13 yrs held
Scott Investors LLC
since 2013
5 recorded transactions
2022
Price N/A
2013
$415,269
2013
$420,000
2012
$375,000
2006
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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