Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    510 Fairview Blvd Kendallville, IN 46755

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    High-traffic, 0.82-acre lot

    Property Features for 510 Fairview Blvd

    General Information

    Property type
    Land
    Lot Size
    35,719 SF

    We can help!

    Listing Contact
    Chad Voglewede
    Chad Voglewede

    Listing Agency: Bradley Company | Fort Wayne Listing Agent: Chad Voglewede

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

    Learn more

    Property Insight Report

    Overview

    This 0.82-acre commercial outlot in Kendallville, Indiana, presents a unique investment opportunity. Located on State Road 6, a major thoroughfare with an average daily traffic count of 14,224 vehicles, this property boasts exceptional visibility. Anchored by prominent businesses including Rural King, Dollar Tree, Label Shopper, Rent-A-Center, Applebee's, and Burger King, this location benefits from strong existing retail presence and high consumer traffic. The property is ideally suited for a variety of uses, including sale, build-to-suit development, or ground lease. With over 1,758 homes within a one-mile radius, a substantial customer base is readily accessible. The asking price is $350,000. This prime outlot offers unparalleled exposure and potential for significant return on investment in a thriving Kendallville commercial area. The property's address is 510 Fairview Blvd, Kendallville, IN 46755, and is conveniently located in Noble County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -85.2449162
    Latitude
    41.4490036

    Nearby Similar for Sale

    • $289,900
      0.62 Acres

      Kendallville Worship Center on US 6

      Worship center with unique A-frame construction and new roof.
      307 E North St, Kendallville, IN 46755
      View Details
    • $420,000
      0.53 Acres

      Kendallville Industrial Building on State Road

      5,461 sq ft commercial/industrial building on 0.53 acres.
      701 Krueger St, Kendallville, IN 46755
      View Details
    • New
      $70,000
      0.80 Acres

      Versatile Commercial Property in Kendallville

      Commercial property with pole barn and office space in Kendallville.
      307 N Park Ave, Kendallville, IN 46755
      View Details
    • $240,000
      0.14 Acres

      Historic Downtown Kendallville Mixed-Use Property

      Over 6,000 sq ft commercial property with endless potential.
      211/213 S Main St, Kendallville, IN 46755
      View Details
    • $230,000
      0.31 Acres

      Kendallville House of Worship For Sale

      House of worship with seating, classrooms, kitchen, and dining.
      321 E Mitchell St, Kendallville, IN 46755
      View Details
    • New
      $210,000
      3,696 SF

      Kendallville Mixed-Use Brick Building

      Free-standing brick building with retail and residential opportunity.
      111 E Rush St, Kendallville, IN 46755
      View Details
    • $364,000
      Pending

      Historic Theater in Downtown Kendallville

      Well-known commercial building in high-visibility downtown location.
      221 S Main St, Kendallville, IN 46755
      View Details
    • $214,900
      6,663 SF

      Downtown Kendallville Commercial Retail Property

      Prime commercial building in downtown Kendallville, ideal for various business ventures.
      104 S Main St, Kendallville, IN 46755
      View Details
    • $1,325,000

      Kendallville Commercial Site For Sale

      Prime commercial site with retail and warehouse space available.
      904 W North St, Kendallville, IN 46755
      View Details
    • Contact for pricing
      684 SF

      Scooter’s Coffee NNN Investment Opportunity

      Absolute NNN lease with corporate guaranty and rental increases.
      621 E St N, Kendallville, IN
      View Details
    • $319,500
      0.53 Acres

      Kendallville Commercial Building For Sale

      Spacious Shop & Office Space - High Visibility
      548 Lincoln St, Kendallville, IN 46755
      View Details
    • Contact for pricing
      179,160 SF

      Kendallville Industrial Manufacturing Facility

      Premier industrial property ideal for manufacturing with expansion potential.
      2605 Marion Dr, Kendallville, IN 46755
      View Details

    FAQs

    What type of property is this?
    Land - High-traffic, 0.82-acre lot
    Where is this land located?
    The property is located at 510 Fairview Blvd Kendallville, IN.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: 1,758 households within one mile.; 0.82-acre outparcel available on State Road 6, Kendallville.; Sale, build-to-suit, or ground lease options available.
    (260) 755-7816 Call to check price and availability
    Request Owner's contact information
    510 Fairview Blvd Kendallville, IN 46755
    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.
    510 Fairview Blvd
    Kendallville, IN 46755
    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
    510 Fairview Blvd Kendallville, IN 46755
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chad Voglewede
    Chad Voglewede
    Real Estate License ID: RB21002632
    (260) 755-7816 (260) 639-3377 (260) 423-4311
    Learn more
    Google sign-in failed. Please try again or use another login method.