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    Automotive Repair Shop with Lifts Title is generated by Realmo AI

    7709 Lima Road, Fort Wayne, IN 46818

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    For Sale
    $760,000

    Retail, Garage,Service Station - Fort Wayne, IN

    Type:Retail
    Lot size:
    0.90 Acres
    Added:
    Dec 1, 2025
    Days on Market:
    185
    Last Refresh:
    Jun 4 at 2:06 am

    Property Features for 7709 Lima Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    Commercial
    Bathrooms
    1
    Rooms
    Bathroom 1, Office
    Parking features
    Off Street, Paved or Surfaced
    Interior features
    Block, Wood, 110 Volts, 220 Volts, Overhead Door 1, Compressed Air Lines, Delivery Door, Office Space
    Exterior features
    Fence, 110 Volts, 220 Volts, Fenced, Overhead Door 1, Compressed Air Lines, Delivery Door, Office Space
    Fencing
    Fenced
    Standard status
    Active
    APN
    02-07-10-377-007.000-073
    Lot size
    0.90 Acres

    Taxes and HOA fees

    Tax Annual Amount
    5688

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1940
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Brick, Concrete
    Roof type
    Rubber
    Architectural style
    Other

    We can help!

    Listing Contact
    Edward Judkins

    Listing agent Edward Judkins License #RB14039636

    Listing office Realty ONE Group Envision 10729 Coldwater Rd Suite 220, Fort Wayne, IN

    Listing date Dec 1, 2025

    MLS# 202547701 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

    • Established Automotive Repair Business: Operates successfully for 25 years with $400,000 annual gross sales.
    • High‑Traffic Location: Situated on a heavily traveled road with over 42,000 cars passing daily.
    • Owner Transition Assistance: Seller willing to provide support and sign a non‑compete agreement.
    • Sale includes auto lifts and tools.
    • Ample Land and Frontage: Property features approximately 0.9 acres with 320 feet of road frontage.
    • Underground tanks removed with environmental documents available.

    Overview

    This offering is an automotive repair shop business for sale, with the current owner operating the shop for 25 years and maintaining a full or near full operating rate. The sale includes the business and the on-site auto lifts and tools. The seller is retiring and is willing to sign a non-compete agreement, and also indicates willingness to support a smooth transition for a new owner after the sale.

    The property is located at 7709 Lima Road in Fort Wayne, Indiana on a 0.9-acre parcel with approximately 320 feet of frontage along one of the most heavily traveled roads in Allen County. As of 8/2023, MS/2 Transportation Data Management System (TDMS) recorded an average of over 42,000 cars driven per day at this location.

    Recent site improvements include a new roof installed approximately 6 years ago. All underground tanks have been removed since the 1990s, and environmental documents are available. With demonstrated gross sales reported by the seller at $400,000 annually, this is a practical fit for an operator seeking to step into an established repair shop setup supported by the existing equipment, along with documented environmental history.
    Property Profile Location Intelligence

    Current Use by Public Records

    Morts Wayside Garage Auto Repair Shop

    Suggested Use

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

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

    Similar Places Nearby

    • Mutton Powersports — 7734 Lima Rd, Fort Wayne, IN 46818
    • Morts Wayside Garage — 7709 Lima Rd, Fort Wayne, IN 46818
    • TRULAND Equipment — 7734 Lima Rd, Fort Wayne, IN 46825
    • Xtreme Automotive Detailing — 1520 W Wallen Rd, Fort Wayne, IN 46825

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.165656
    Latitude
    41.150407

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    FAQs

    What type of property is this?
    Auto shop - Automotive repair shop business and site with road frontage, existing auto lifts and tools, and a 0.9-acre parcel.
    Where is this auto shop located?
    The property is located at 7709 Lima Road Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $760,000.
    What are key features of this property?
    This property features: Established Automotive Repair Business: Operates successfully for 25 years with $400,000 annual gross sales.; High‑Traffic Location: Situated on a heavily traveled road with over 42,000 cars passing daily.; Owner Transition Assistance: Seller willing to provide support and sign a non‑compete agreement.
    (260) 267-6014
    We can help!
    Listing Contact
    Edward Judkins
    Real Estate License ID: RB14039636
    Request Owner's contact information
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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.

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