Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    5200 Illinois Rd Fort Wayne, IN 46804

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Industrial lot with access to major transportation routes.

    Property size:
    100,000 SF
    Lot size:
    20.00 Acres

    Property Features for 5200 Illinois Rd

    General Information

    Size
    100,000 SF
    Lot size
    20.00 Acres

    We can help!

    Listing Contact
    Tyler Binkley
    Source: Moodyscre

    Listing Agent: Tyler Binkley

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

    Learn more

    Overview

    Industrial Lot in Fort Wayne

    This industrial lot is located in Fort Wayne, Indiana. The property is positioned with proximity to I-69, offering access to major transportation routes. The location is suitable for manufacturing, distribution, and logistics facilities. The area's industrial market and skilled workforce may be beneficial.
    Location Intelligence

    Current Use by Public Records

    gmps-dehaven Chevrolet Dealer Chevrolet Oil Change Oil Change Service Chevrolet Tire Shop Tire Shop Chevrolet Service Center Auto Repair Shop DeHaven Chevrolet Body ... Auto Body Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.2088751
    Latitude
    41.0754124

    Nearby Similar for Lease

    • $2,250 /Mo
      8,360 SF

      Versatile Downtown Fort Wayne Warehouse

      Functional industrial space in downtown Fort Wayne, ideal for various uses.
      1205 W Main St, Fort Wayne, IN 46808
      View Details
    • $10 SF/Yr
      3,402 SF

      Fort Wayne Office Space Available

      Two-story office building with modern amenities and convenient location.
      7209 Engle Rd, Fort Wayne, IN 46804
      View Details
    • $1,400 /Mo
      828 SF

      Renovated Office Space Available

      Move-in ready office space with flexible layout in Fort Wayne.
      3109 Oxford St, Fort Wayne, IN 46806
      View Details
    • $15 SF/Yr
      4,015 SF

      Fort Wayne Retail/Office Spaces

      Prime retail/office spaces in southwest professional office park.
      4011 W Jefferson Blvd, Fort Wayne, IN 46804
      View Details
    • $700 /Mo
      570 SF

      Fort Wayne Office/Retail Space

      Office/retail space available on a busy corner in Fort Wayne.
      2325 Spy Run Avenue Ext, Fort Wayne, IN 46805
      View Details
    • $4,000 /Mo
      6,000 SF

      Downtown Fort Wayne Restaurant/Bar Space

      6,000 SF restaurant/bar space in downtown Fort Wayne.
      1407 S Calhoun St, Fort Wayne, IN 46802
      View Details
    • $2,100 /Mo
      1,625 SF

      Versatile Commercial Space For Rent

      Adaptable commercial space suitable for retail, services, or creative enterprises.
      6720 Old Trail Rd, Fort Wayne, IN 46809
      View Details
    • $500 /Mo
      216 SF

      Versatile Space in Fort Wayne

      Customizable space ideal for various business uses in Fort Wayne.
      2429 W Main St, Fort Wayne, IN 46802
      View Details
    • $2,500 /Mo
      1,600 SF

      Updated Bar/Music Venue on Main

      Bar and music venue in Fort Wayne's historic Main Street.
      1201 W Main St, Fort Wayne, IN 46808
      View Details
    • $675 /Mo
      932 SF

      Fort Wayne Mixed-Use Property

      Mixed-use property featuring new interior and ample parking.
      916 W Coliseum Blvd, Fort Wayne, IN 46808
      View Details
    • New
      $750 /Mo
      690 SF

      Creative Office Space Downtown

      Historic carriage house with industrial vibe, ideal for creative business.
      916 Fairfield Ave, Fort Wayne, IN 46802
      View Details
    • New
      $750 /Mo
      700 SF

      Historic Carriage House Office Space

      Charming office space in a historic Fort Wayne carriage house.
      916 Fairfield Ave, Fort Wayne, IN 46802
      View Details

    FAQs

    What type of property is this?
    Industrial land - Industrial lot with access to major transportation routes.
    Where is this industrial land located?
    The property is located at 5200 Illinois Rd Fort Wayne, IN.
    What are key features of this property?
    This property features: - Strategic location in Fort Wayne, IN, ideal for industrial purposes.; - Proximity to I-69, providing convenient access to major transportation routes.; - Suited for manufacturing, distribution, and logistics facilities.
    (260) 377-5002
    Request Owner's contact information
    5200 Illinois Rd Fort Wayne, IN 46804
    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.
    5200 Illinois Rd
    Fort Wayne, IN 46804
    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
    5200 Illinois Rd Fort Wayne, IN 46804
    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

    We can help!
    Listing Contact
    Tyler Binkley
    Real Estate License ID: RB14037279
    (260) 377-5002
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.