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    Industrial Property on Corner Location Title is generated by Realmo AI

    4211 Engle Road, Fort Wayne, IN

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    16,936 SF industrial property with excellent visibility and accessibility.

    Type:INDUSTRIAL
    Property size:
    16,936 SF
    Lot size:
    1.58 Acres
    Added:
    Nov 24, 2025
    Days on Market:
    188
    Last Refresh:
    May 19 at 10:47 pm

    Property Features for 4211 Engle Road

    General Information

    Standard status
    Active
    Size
    16,936 SF
    Lot size
    1.58 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 4211 Engle Road Contact us

    We can help!

    Listing Contact
    Kienan O'Rourke
    Kienan O'Rourke

    Listing agent Kienan O'Rourke

    Listing office Xplor Commercial Real Estate

    Listing date Nov 24, 2025

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Xplor Commercial Real Estate

    HighLights

    • Prime corner location with excellent visibility on Engle Road
    • Large open layout ideal for warehousing
    • Convenient access to I‑69, US 24 (3.3 miles), and Fort Wayne International Airport (4.3 miles)
    • Features two dock‑height doors and a 12' x 14' overhead door
    • Updated LED lighting and 400 Amp 3‑phase power
    • Recent exterior renovations completed in 2023

    Overview

    This 16,936 SF industrial property is located on a corner lot and offers visibility on Engle Road. The building features a large, open layout suitable for warehousing. It includes two dock-height doors and one 12' x 14' overhead door. The interior has 16' ceilings and updated LED lighting. Electrical capacity is supported by 400 Amp 3-phase power. Exterior renovations were completed in 2023. The property is 3.3 miles from I-69 and US 24, and 4.3 miles from Fort Wayne International Airport.
    Property Profile Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Gym & Fitness Center Department Store Food Market Grocery & Convenience Store

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

    Similar Places Nearby

    • Superior Self Storage by Graber — 4530 Ardmore Ave, Fort Wayne, IN 46809
    • All Seasons Climate Controlled Storage — 4307 Arden Dr, Fort Wayne, IN 46804
    • North American Van Lines — 4705 Clubview Dr #100, Fort Wayne, IN 46804

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.1947284
    Latitude
    41.0454469

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    FAQs

    What type of property is this?
    Warehouse - 16,936 SF industrial property with excellent visibility and accessibility.
    Where is this warehouse located?
    The property is located at 4211 Engle Road Fort Wayne, IN.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: Prime corner location with excellent visibility on Engle Road; Large open layout ideal for warehousing; Convenient access to I‑69, US 24 (3.3 miles), and Fort Wayne International Airport (4.3 miles)
    (260) 450-8443 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kienan O'Rourke
    Kienan O'Rourke
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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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