7230 Engle RdFort Wayne, IN 46804

  • Retail properties
  • 3.23 AC
For Lease

Property Details for 7230 Engle Rd

Year built
1990
Lot size
3.23 AC
Property type
Retail properties
Property subtype
Parking lots & garages
APN
02-11-24-127-002.000-075
APU
21124127002000075

Description

This three-story, 54,535-square-foot Class B office building at 7230 Engle Road in Fort Wayne, Indiana, offers flexible space ideal for businesses of all sizes. Located in Allen County, zip code 46804, the property boasts 7,895 square feet of immediately available space, with suites ranging from 684 to 1,202 contiguous square feet. The building features nine total suites, ample parking (260 spaces), and two elevators. Renovated in 2019, the property offers a modern aesthetic and updated suites in a convenient location, minutes from Lutheran Hospital and I-69 (Exit #302). The 3.74-acre lot is zoned C1/General Commercial, providing excellent visibility and high traffic counts. This is a multi-tenant building with a variety of options for businesses seeking a well-maintained, strategically positioned office space in a serene office park setting. The property's amenities include executive office and coworking spaces, catering to diverse business needs. Built in 1990, this property offers a blend of established infrastructure and modern updates.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $38,852,220
    6.5%
    $35,863,588
    7%
    $33,301,904
  • Comparable approach

    Method
    Valuation
    Relative Method
    $23,297,448
    Geo Method
    $6,972,682
  • Alternative Use

    Use
    Valuation
    Residential
    $30,252,280
    Hospitality
    $27,710,924
    Educational
    $23,055,164
    Medical
    $23,848,066
    Retail
    $35,863,588
7230 Engle Rd, Fort Wayne, Indiana

Location Insight

City
Fort Wayne
County
Allen
State
Indiana
Latitude
41.0451
Longitude
-85.2364
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
$11,359
$421,600
$39,200
$460,800
-
$421,600
$39,200
$460,800

FAQs

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