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    1013 West Votaw St Portland, IN 47371

    For Sale
    $1,706,960

    Single-story retail building with national and local tenants.

    Property size:
    14,656 SF

    Property Features for 1013 West Votaw St

    General Information

    Size
    14,656 SF

    Building Details

    Year built
    2006

    Source: Brian Bean Agent Brian Bean

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Building Near Walmart

    Portland Commons is a single-story retail building with 14,656 square feet of retail space. Located in Portland, Indiana, approximately 45 miles southeast of Fort Wayne, the property is situated on the south side of West Votaw Street, west of Meridian Street, across from Walmart. The property is 100% leased, generating over $128,000 in net operating income with in-place cash flow. Over 67% of the leases have three or more years remaining. The tenant mix includes a blend of national and local retailers. The property benefits from direct ingress and egress on State Road 67 and provides 60 parking spaces, resulting in a ratio of 4.28 spaces per 1,000 square feet.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Jay
    State
    Indiana
    Longitude
    -84.991797
    Latitude
    40.43859

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    FAQs

    What type of property is this?
    Shopping center - Single-story retail building with national and local tenants.
    Where is this shopping center located?
    The property is located at 1013 West Votaw St Portland, IN.
    What is the asking price?
    The asking price for this property is $1,706,960.
    What are key features of this property?
    This property features: - 100% Leased – over $128K+ NOI with in-place cash flow; - Prime Location – Across from Walmart; - Over 67% of leases have 3+ years remaining
    (260) 417-4397
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    1013 West Votaw St Portland, IN 47371
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    Realmo Value Estimation

    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.

    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.

    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
    1013 West Votaw St Portland, IN 47371
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