1721 Magnavox Way Fort Wayne, IN 46804-1537
Property profile & analytics
1721 Magnavox Way, Fort Wayne, IN 46804-1537
- Medical Office Space
- 13,992 SF
- 2.38 lot acres
Property ID
US31-3404463
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Breanna Haglund / Physician
- Kara Hoover / Physician
- Dr. Anthony Feher / Physician
- Dr. Daniel Roth / Physician
- Zachary Weaver / Physician
Property Details for 1721 Magnavox Way
- Year built
- 1979
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 2.38 lot acres
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 02-12-07-178-004.000-074
- APU
- 21207178004000074
Description
This exceptional 20,000-square-foot Class B medical office building, located at 1721 Magnavox Way in Fort Wayne, Indiana, presents a compelling investment opportunity. Currently 100% occupied by a well-established surgery center specializing in spine, total joint, and pain procedures, the property boasts a strong 7.27% cap rate and a projected net operating income (NOI) of $799,700. Built in 1979, this facility is strategically situated on a 2.38-acre lot within a thriving commercial park on Fort Wayne's southwest side, benefiting from high traffic counts and proximity to major shopping centers like Apple Glen, Jefferson Pointe, and Orchard Crossing. Its convenient location is also less than half a mile from the I-69 exit, and near Lutheran Hospital and the VA Northern Indiana Health Care System, ensuring strong patient access. The property includes extensive on-site equipment, including MRI and CT scanners, and is specifically designed for orthopedic surgery, encompassing preoperative areas, fully equipped operating rooms, post-surgery recovery areas, and medical office suites. A 15-year leaseback is included upon sale, providing investors with a long-term, recession-resistant asset and a stabilized NOI. The asking price is $11,000,000, representing a price per square foot of $550. This turnkey investment offers significant potential for long-term growth and stable returns. The property is zoned for medical use within Allen County, zip code 46804.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Fort Wayne
- County
- Allen
- State
- Indiana
- Longitude
- -85.2211
- Latitude
- 41.0692
- CBSA code
- 23060
- CBSA name
- FORT WAYNE, IN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$62,311
$311,000
$1,890,000
$2,201,000
-
$311,000
$1,890,000
$2,201,000
