2720 Culbertson StFort Wayne, IN 46802

  • Industrial properties
  • 17,275 SF

Property Details for 2720 Culbertson St

Year built
1964
Construction
WOOD
Lot size
1.48 AC
Property size (Sq ft)
17,275 SF
Property type
Industrial properties
APN
02-12-09-277-002.000-074
APU
21209277002000074

Description

This updated 260-square-foot traditional office space is available for lease at 2720 Culbertson St, Fort Wayne, IN 46802. Located in a well-connected industrial area, this single-tenant office provides convenient access to downtown Fort Wayne, just a five-minute drive away. The property benefits from a prime location near well-known landmarks, including the World Baseball Academy and Rockhill Park, offering excellent visibility and a refreshing nearby environment. Enjoy easy access to Fort Wayne's Historic District, with its diverse dining and shopping options. This space is perfect for small businesses, startups, or individual professionals seeking a strategic location. The lease includes essential utilities, such as water, sewer, electricity, gas, heat, high-speed internet, and air conditioning, minimizing additional expenses. On-site parking is also available. This all-inclusive offering simplifies your setup and allows you to focus on your business growth within a vibrant and accessible Fort Wayne location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $6,745,950
    6.5%
    $6,227,030
    7%
    $5,782,240
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,182,190
    Geo Method
    $544,232
  • Alternative Use

    Use
    Valuation
    Retail / Commercial
    $3,284,210
    Mixed-Use / Specialty
    $3,344,220
    Hospitality / Lodging
    $2,546,930
    Office
    $3,399,060
    Institutional / Educational
    $3,502,280
    Residential Income
    $4,097,660
    Multifamily
    $4,516,890
    Automotive / Energy
    $3,001,950
    Parking / Income-Based Land
    $965,075
    Restaurant / Food Service
    $1,892,430
    Healthcare / Senior Housing
    $3,355,880

Location Insight

City
Fort Wayne
County
Allen
State
Indiana
Latitude
41.0689
Longitude
-85.1757
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
$5,468
$8,900
$193,900
$202,800
-
$8,900
$193,900
$202,800

FAQs

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