7230 Engle RdFort Wayne, IN 46804

Property Details for 7230 Engle Rd

Year built

1990

Lot size

3.23 AC

Property type

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.

• 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

FAQs

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