7230 Engle RdFort Wayne, IN 46804
- Retail properties
- 3.23 AC
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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- Please email our support team at [email protected] and they will add the team member.
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