Technical
Financial
Distress signals
Property profile

1201 W State Blvd Fort Wayne, IN 46808

FOR LEASE
Grocery and convenience stores
Property ID
US31-0242745
90,613 SF 8.3 ac lot Built 1988
Entity Owned 16-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional medical office space, located within the thriving West State Plaza shopping center, offers a unique opportunity for healthcare professionals. Situated in Allen County, this 90,613 square foot multi-tenant building boasts a prime location along W State Blvd, anchored by Kroger and surrounded by other established businesses including Dollar Tree, Rent-A-Center, Chase Bank, and Pizza Hut. The available suite, totaling 3,000-8,000 contiguous square feet, is currently configured as a 3,000 square foot medical office. This well-appointed space features seven exam rooms, three private offices, three restrooms, a dedicated file room, a lab area, and a spacious waiting/reception area. Built in 1987 and zoned C-2 (Commercial), the property sits on an 8.3-acre lot (APN: 02-07-34-426-001.000-074) and provides ample parking with a separate rear parking lot and entrance for added convenience. The minimum divisible space is 3,000 square feet, making it ideal for a variety of medical practices. This is a rare opportunity to establish or expand your practice in a high-traffic, well-established commercial center. Contact us today to schedule a viewing.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1988
Construction TYPE NOT SPECIFIED
Total area 90,613 SF
Lot 8.3 ac (361,461 SF)
APN 02-07-34-426-001.000-074
UPID US31-0242745

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1201 W State Blvd Fort Wayne, IN 46808
Fort Wayne metro Census 800 FORT WAYNE, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$13.40M
Comparable Approach Comparable
$9.92M
Blend (final) Blend
$10.48M

Owner & transaction history

since 2009
1 recorded transaction
2009
$5.1M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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