Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    9000 Stellhorn Crossing Pkwy Fort Wayne, IN 46815

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land for sale in Stellhorn Crossing Office Park.

    Type:Land, Office
    Lot size:
    3.74 Acres
    Added:
    Jul 27, 2020
    Days on Market:
    2095
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 9000 Stellhorn Crossing Pkwy

    General Information

    Standard status
    Active
    Lot size
    3.74 Acres
    Property subtype
    Land, Office

    We can help!

    Listing Contact
    Tyler Kellerman

    Listing agent Tyler Kellerman License #IN RB20001057

    Listing office BND Commercial Real Estate

    Listing date Jul 27, 2020

    Source Crexi

    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 BND Commercial Real Estate

    Overview

    Stellhorn Crossing Land For Sale

    Available land for sale in Stellhorn Crossing Office Park, with only two lots remaining: Lots 5 and 6. The available area ranges from 1.67 acres up to 3.74 acres and is divisible. The property is located near I-469 and Chapel Ridge, providing easy access in and out of the office park, which features a traffic light on Stellhorn Road. Adjacent neighboring businesses include 3 Rivers FCU, Midwest America FCU, Coldwell Banker, and Fort Wayne Storage. Each lot can be purchased separately. Lot 5 consists of 1.67 acres, and Lot 6 consists of 2.07 acres.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.024127
    Latitude
    41.1181208

    Nearby Similar for Sale

    • $450,000

      High Visibility Commercial Property

      Commercial property with high visibility and traffic flow.
      3112 N Clinton Street, Fort Wayne, IN 46805
      View Details
    • $379,999

      Retail Ready Commercial Property

      High-visibility corner lot suitable for retail or convenience operations.
      2915 S Calhoun Street, Fort Wayne, IN 46807
      View Details
    • $450,000

      Iconic Restaurant Opportunity in Fort Wayne

      Turnkey restaurant for sale in a prime Fort Wayne location.
      1820 Bluffton Road, Fort Wayne, IN 46809-1306
      View Details
    • $750,000

      Commercial Land with Road Frontage

      Prime commercial land opportunity with high traffic and development potential.
      7828 Aboite Center Road, Fort Wayne, IN 46804
      View Details
    • $750,000

      Commercial Land on Aboite Center

      Commercial land with frontage on Aboite Center Road in Fort Wayne.
      7820 Aboite Center Road, Fort Wayne, IN 46804-4112
      View Details
    • $319,999

      West Main Street Development Opportunity

      Versatile property on West Main Street, ideal for various developments.
      1327 W Main Street, Fort Wayne, IN 46808
      View Details
    • $319,999

      West Main Street Development Opportunity

      Versatile property on West Main Street, ideal for various developments.
      1327 W Main Street, Fort Wayne, IN 46808
      View Details
    • $349,900

      3.57 Acre Fort Wayne Lot

      3.57 acre lot with commercial and development potential.
      2605 W Dupont Road, Fort Wayne, IN 46818-8917
      View Details
    • $350,000

      Restaurant and Redevelopment Opportunity

      8,335 SF building with restaurant and redevelopment potential.
      2650 S Coliseum Boulevard, Fort Wayne, IN 46803
      View Details
    • $649,900
      4,585 SF

      Fourplex on 5 Acres

      Investment property with rental income and storage revenue potential.
      14034 Lima Road, Fort Wayne, IN 46818-8900
      View Details
    • $349,900
      1,508 SF

      Fort Wayne Commercial Development Lot

      3.57 acre lot with commercial and development potential.
      2605 W Dupont Road, Fort Wayne, IN 46818-8917
      View Details
    • $650,000

      Historic Landmark Ready for Renovation

      Five-story mixed-use building in downtown Fort Wayne, ready for renovation.
      812 S Calhoun Street, Fort Wayne, IN 46802-2302
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land for sale in Stellhorn Crossing Office Park.
    Where is this commercial land located?
    The property is located at 9000 Stellhorn Crossing Pkwy Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $480,031.
    What are key features of this property?
    This property features: Located in Stellhorn Crossing Office Park with easy access to I‑469.; Divisible lots available, from 1.67 acres up to 3.74 acres.; Two lots remaining: Lot 5 (1.67 Acres) and Lot 6 (2.07 Acres).
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tyler Kellerman
    Real Estate License ID: IN RB20001057
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!