Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land I-269 & US-27 Title is generated by Realmo AI

    4011 Bostic Road, Fort Wayne, IN 46816

    View on Map
    Claim this Listing
    Picture of Land at 4011 Bostic Road, Fort Wayne, IN
    For Sale
    $1,100,000

    Commercial Land - Fort Wayne, IN

    Lot size:
    22.00 Acres
    Added:
    Dec 30, 2024
    Days on Market:
    513
    Last Refresh:
    May 27 at 5:06 pm

    Property Features for 4011 Bostic Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    22.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    500

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Gary Gerardot

    Listing agent Gary Gerardot License #RB14005226

    Listing office Gerardot Realty, Inc. 6129 US 30 E, Fort Wayne, IN

    Listing date Dec 30, 2024

    MLS# 202448226 Listing URL

    Copyright © 2026 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 22 Acres + or - of Land
    • Located on I‑269 and US Highway 27 Exit Ramp
    • Great Potential for Commercial Development
    • Assemblage of 4 Parcels
    • Land Split May Be Possible
    • Part of Parcel is Broker Owned

    Overview

    This commercial land listing features approximately 22 acres situated on the southwest corner of the I-269 exit ramp and US Highway 27. The assemblage comprises four parcels, offering potential for commercial development. A land split may be possible. The parcel numbers are 021808300002000051, 021808300003000051, 021808300007000051, and 021808300006000051. Part of the parcel is broker owned. The property is located in Fort Wayne, Indiana, in Allen County.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.0868174
    Latitude
    40.9803232

    Nearby Similar for Sale

    • $450,000

      High Visibility Commercial Property

      Commercial property with high visibility and traffic flow.
      3112 N Clinton Street, Fort Wayne, IN 46805
      View Details
    • $379,999

      Retail Ready Commercial Property

      High-visibility corner lot suitable for retail or convenience operations.
      2915 S Calhoun Street, Fort Wayne, IN 46807
      View Details
    • $2,000,000

      Aboite Township Mixed-Use Opportunity

      Open concept building in medical office community with flexible layout.
      7619 W Jefferson Boulevard, Fort Wayne, IN 46804
      View Details
    • $750,000

      Commercial Land with Road Frontage

      Prime commercial land opportunity with high traffic and development potential.
      7828 Aboite Center Road, Fort Wayne, IN 46804
      View Details
    • $625,000
      2,553 SF

      Tudor Triplex Investment Opportunity

      Turnkey triplex with short-term rental potential near Purdue Fort Wayne.
      3025 N Anthony Boulevard, Fort Wayne, IN 46805-2723
      View Details
    • $750,000

      Commercial Land on Aboite Center

      Commercial land with frontage on Aboite Center Road in Fort Wayne.
      7820 Aboite Center Road, Fort Wayne, IN 46804-4112
      View Details
    • $300,000

      Immaculate Church Building on Corner Lot

      Well-maintained church building with finished basement and great visibility.
      639 Putnam Street, Fort Wayne, IN 46808
      View Details
    • $319,999

      West Main Street Development Opportunity

      Versatile property on West Main Street, ideal for various developments.
      1327 W Main Street, Fort Wayne, IN 46808
      View Details
    • $319,999

      West Main Street Development Opportunity

      Versatile property on West Main Street, ideal for various developments.
      1327 W Main Street, Fort Wayne, IN 46808
      View Details
    • $349,900
      1,508 SF

      Fort Wayne Acreage with Potential

      3.57 acre lot with commercial and development potential.
      2605 W Dupont Road, Fort Wayne, IN 46818-8917
      View Details
    • $349,900

      3.57 Acre Fort Wayne Lot

      3.57 acre lot with commercial and development potential.
      2605 W Dupont Road, Fort Wayne, IN 46818-8917
      View Details
    • $499,900

      Commercial Land on Major Corridor

      2.05 acre commercial land with high traffic frontage.
      3878-3912 W Washington Center Road, Fort Wayne, IN 46818
      View Details

    FAQs

    What type of property is this?
    Land - 22 acres of commercial land at I-269 and US-27.
    Where is this land located?
    The property is located at 4011 Bostic Road Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: 22 Acres + or - of Land; Located on I‑269 and US Highway 27 Exit Ramp; Great Potential for Commercial Development
    (260) 402-2505
    We can help!
    Listing Contact
    Gary Gerardot
    Real Estate License ID: RB14005226
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4011 Bostic Road, Fort Wayne, IN 46816
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!