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

    510 Fairview Blvd Kendallville, IN 46755

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

    High-visibility outlot near major retailers and residential area.

    Type:Land
    Added:
    Mar 6, 2023
    Days on Market:
    1135
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 510 Fairview Blvd

    General Information

    Standard status
    Active
    Property subtype
    Land

    Spaces For Lease

    at 510 Fairview Blvd Contact us

    We can help!

    Listing Contact
    Chad Voglewede

    Listing agent Chad Voglewede License #IN RB21002632

    Listing office Bradley Company Fort Wayne

    Listing date Mar 6, 2023

    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 Bradley Company Fort Wayne

    Overview

    Prime Outlot in Kendallville

    This outlot in Kendallville is positioned near established businesses, including Rural King, Dollar Tree, Label Shopper, Rent-A-Center, Applebee’s, and Burger King. The location benefits from high visibility on State Road 6, which experiences an average daily traffic count of 14,224 vehicles. The surrounding area includes over 1,758 residential rooftops within a one-mile radius. This property is available for purchase, build-to-suit, or lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Kendallville
    County
    Noble
    State
    Indiana
    Longitude
    -85.2449069
    Latitude
    41.4490815

    Nearby Similar for Lease

    • $3/mo

      Move-in Ready Office Space

      1,872 SF office space in a convenient Kendallville location.
      220 W Wayne St, Kendallville, IN
      View Details
    • Contact for pricing

      Modern Retail Space in Kendallville

      Retail space in front of Walmart Super Center.
      2513 E North St, Kendallville, IN
      View Details
    • Contact for pricing

      Kendallville Warehouse Space Available

      129,537 SF warehouse space for rent in Kendallville, IN.
      2500 Marion Dr, Kendallville, IN
      View Details
    • Contact for pricing

      Industrial Single Tenant Warehouse Space

      52,800 SqFt industrial space available for single tenant.
      800 Weston Ave, Kendallville, IN 46755
      View Details
    • Contact for pricing

      Industrial Property Near Major Intersection

      Two buildings for lease near State Road 3 and U.S. Route 6.
      606 Uhl Dr, Kendallville, IN 46755
      View Details
    • Contact for pricing

      Industrial Property in Kendallville, IN

      Manufacturing-ready industrial property with ample space and modern amenities.
      2605 Marion Dr, Kendallville, IN 46755
      View Details
    • $20/mo

      Retail Space in Cornerstone Plaza

      Retail spaces available in Kendallville's Cornerstone Plaza.
      848 N Lima Rd, Kendallville, IN
      View Details
    • Contact for pricing

      Retail/Office Space in Kendallville, IN

      Retail or office space with excellent visibility and parking.
      119 N Main St, Kendallville, IN
      View Details
    • Contact for pricing

      Retail Space in Cornerstone Plaza

      Office and retail spaces available in Kendallville, Indiana.
      848 N Lima Road, Kendallville, IN 46755
      View Details
    • Contact for pricing

      Retail Space in Kendallville Center

      Retail space available in grocery-anchored shopping center on North Street.
      310 W North St, Kendallville, IN
      View Details
    • Contact for pricing

      Kendallville Retail or Office Space

      Retail or office space with high visibility and ample parking.
      119 Main St, Kendallville, IN 46755
      View Details

    FAQs

    What type of property is this?
    Commercial land - High-visibility outlot near major retailers and residential area.
    Where is this commercial land located?
    The property is located at 510 Fairview Blvd Kendallville, IN.
    What are key features of this property?
    This property features: Excellent visibility from State Road 6 with a high average daily traffic count of 14,224.; Anchored by popular businesses including Rural King, Dollar Tree, Applebee’s and Burger King.; Located within a mile of over 1,758 rooftops, providing a large potential customer base.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Chad Voglewede
    Real Estate License ID: IN RB21002632
    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!