Mixed-Use Property with Shop
For Sale
$799,000
Pending
6317 Maplecrest Road, Fort Wayne, IN 46835
COMMERCIAL, Fort Wayne, IN
Property Size2,600 SF
Lot Size3.38 Acres
Days on Market52
Property Features for 6317 Maplecrest Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
R1 with Commercial Variance
Rooms
Basement
Lot features
City
Directions
Located in Northeast Fort Wayne 2.5 Blocks South of I-69 located between Evard and St. Joe Center Streets.
Subdivision
Allen County
Standard status
Pending
APN
02-08-16-429-011.000-072
Lot size
3.38 Acres
Taxes and HOA fees
Tax Description
S 240 of E 544.5ft Ne1/4 Se1/4 Ex Pt To County Sec 16 & W 149.12 of E 544.5 of N 160.19 SE 1/4 SE 1/4 Sec 16 & 7.58 x 380ft Strip adj on W
Tax Annual Amount
18841
Legal Description
S 240 of E 544.5ft Ne1/4 Se1/4 Ex Pt To County Sec 16 & W 149.12 of E 544.5 of N 160.19 SE 1/4 SE 1/4 Sec 16 & 7.58 x 380ft Strip adj on W
Utilities
Cooling system
Central Air
Building Details
Year built
1952
Flooring type
Vinyl, Carpet
Roof type
Metal, Asphalt
Listing Agency:
Shawver Auctioneering & Real Estate
(260) 726-9621
Listed By:
Nathaniel Scalf · License #RB15000145
(317) 374-2881
Added: Jul 13
Changed: Sep 2
Last Checked: Sep 2 at 7:06PM
MLS# 202628095
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.
Investment Insights
Based on property information with market context.
This mixed-use property comprises approximately 3.38 acres with a 2,600+/- SF structure that can serve as a home or office. The building includes a full basement, vinyl and carpet flooring, central air, and a roof system combining metal and asphalt materials. Two additional shop buildings and an outdoor pavilion expand the property's functional improvements.
The fenced lot includes a gate and mature trees. Located 2.5 blocks south of I-69 in northeast Fort Wayne, the property sits just off Maplecrest Road and offers a combination of enclosed improvements, accessory buildings, and open site area.
The fenced lot includes a gate and mature trees. Located 2.5 blocks south of I-69 in northeast Fort Wayne, the property sits just off Maplecrest Road and offers a combination of enclosed improvements, accessory buildings, and open site area.
Key Highlights
- 3.38+/- acres with fenced perimeter, secured gate, and mature trees
- 2,600+/- SF home or office structure with a full basement
- Two shop buildings and an outdoor pavilion
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,689
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$573,780
$573.8K
Cap Rate 7%
$409,843
$409.8K
Cap Rate 9%
$318,767
$318.8K
Market Conditions
NOI Build-Up for 2,600 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$44.3K $17.04/SF
− Vacancy
−$6.1K −$2.33/SF
EGI
$38.3K $14.71/SF
− OpEx
−$9.6K −$3.68/SF
NOI
$28.7K $11.03/SF
Area
Fort Wayne, IN
Vacancy
13.66%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$573,780
Cap Rate 7%
$409,843
Cap Rate 9%
$318,767
Alternative Uses
Best Use
Office B
$409.8K
$358.6K – $478.2K
NOI $28,689 @ 7.0% cap · market cap 3.59%
Second Best
Mixed Use
$380.3K
$332.7K – $443.6K
NOI $26,618 @ 7.0% cap · market cap 3.33%
Theoretical Best
Multifamily LT 5
$2.17M
$1.90M – $2.53M
NOI $152,039 @ 7.0% cap · market cap 19.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
224
Businesses Nearby
Explore this area
Business Placement
Demographics for 46835, IN
36,653
Population
15,945
Households
2.3
Avg Household Size
37
Median Age
37%
College-Educated
96%
High-School Grad
21.6 sq mi
ZIP Area
1,697
Density / Sq Mi
$75,595
Median Household Income
$42,118
Median Earnings
$1,101
Median Rent
$194,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible improvements include an office or residential structure, two shops, a basement, and a secured, tree-lined site.
Where is this mixed-use property located?
The property is located at 6317 Maplecrest Road Fort Wayne, IN.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 3.38+/- acres with fenced perimeter, secured gate, and mature trees; 2,600+/- SF home or office structure with a full basement; Two shop buildings and an outdoor pavilion
