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    Commercial Land with Road Frontage Title is generated by Realmo AI

    7828 Aboite Center Road, Fort Wayne, IN 46804

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    For Sale
    $750,000

    Other/Unknown - Fort Wayne, IN

    Lot size:
    0.33 Acres
    Added:
    Mar 30, 2026
    Days on Market:
    47
    Last Refresh:
    May 15 at 5:06 pm

    Property Features for 7828 Aboite Center Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Interior features
    None, Other
    Exterior features
    Other
    Standard status
    Active
    APN
    02-11-13-351-009.000-075
    Lot size
    0.33 Acres

    Taxes and HOA fees

    Tax Annual Amount
    980

    Utilities

    Heating system
    None (Heating)

    Building Details

    Year built
    1950
    Floors in Building
    1
    Building materials
    Cedar, Stone
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Angela Harouff
    Angela Harouff

    Listing agent Angela Harouff License #RB15000728

    Listing office North Eastern Group Realty 10808 LaCabreah Lane, Fort Wayne, IN

    Listing date Mar 30, 2026

    MLS# 202610612 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

    • Commercial Potential: Suited for re‑zoning to C1 or C2.
    • Prime Location: Benefit from 415ft of frontage on Aboite Center Rd with access to Dicke Rd.
    • High‑Traffic Area: Close to US 24 / West Jefferson Blvd (31,000+ VPD).
    • Adjacent to IU Surgical Center: Located near medical facilities.
    • Affluent Demographics: Situated in an area with high household income.
    • Over 2 acres.

    Overview

    This commercial land opportunity includes 7828, 7820, and 7730 Aboite Center Rd, being sold together. The combined properties offer over 2 acres with 415 feet of frontage on Aboite Center Rd and access to Dicke Rd via a cul-de-sac. The property is ideally suited for rezoning to C1 or C2, making it perfect for converting existing houses into office buildings or for new construction. The properties are adjacent to the IU Surgical Center on Dickie Rd and Aboite Center, and across the street from Woman's Health Advantage and the Lutheran Hospital Entrance. The location offers close proximity to US 24 / West Jefferson Blvd, a major east/west corridor with over 31,000 vehicles per day. The area features affluent demographics with high household income. The properties are being sold in combination with MLS: 202610608.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.245795
    Latitude
    41.045482

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    FAQs

    What type of property is this?
    Commercial land - Prime commercial land opportunity with high traffic and development potential.
    Where is this commercial land located?
    The property is located at 7828 Aboite Center Road Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Commercial Potential: Suited for re‑zoning to C1 or C2.; Prime Location: Benefit from 415ft of frontage on Aboite Center Rd with access to Dicke Rd.; High‑Traffic Area: Close to US 24 / West Jefferson Blvd (31,000+ VPD).
    (260) 602-1535
    We can help!
    Listing Contact
    Angela Harouff
    Angela Harouff
    Real Estate License ID: RB15000728
    Learn More
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    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
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