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    4421 Norarrow Dr Fort Wayne, IN 46845

    For Sale
    $658,000

    3-Acre Commercial Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Exceptional commercial development opportunity in Fort Wayne, Indiana. This 3-acre parcel, located at 4421 Norarrow Drive, offers unparalleled visibility and accessibility. Situated directly across from Parkview Regional Hospital and its medical complex, this property benefits from high traffic volume and proximity to major thoroughfares. Convenient access to I-69 via Union Chapel and Dupont Roads ensures easy commuting for employees and customers. The area is experiencing significant commercial and medical growth, presenting a strong investment potential. All utilities are readily available, and the site features excellent drainage, simplifying the development process. This property is also available for sale in conjunction with adjacent parcels (4121 and 4321 Norarrow Dr.) for a combined total of 10.71 acres, priced at $2,350,000. This prime location, coupled with its infrastructure and strategic positioning, makes it ideal for a variety of commercial or multi-family developments. The property is zoned for both commercial and residential use. This is a rare opportunity to capitalize on the thriving Fort Wayne market. Allen County, zip code 46845.

    Property Features for 4421 Norarrow Dr

    General Information

    Property type
    Land
    Lot Size
    130,680 SF

    HighLights

    • 3‑acre commercial development site in Fort Wayne, IN at 4421 Norarrow Dr.
    • High visibility and accessibility across from Parkview Regional Hospital.
    • Excellent access to I‑69 via Union Chapel and Dupont Roads.
    • All utilities available, excellent drainage, simplifying development.
    • Zoned for commercial and residential use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.0897113
    Latitude
    41.1923281

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    FAQs

    What type of property is this?
    Land - 3-Acre Commercial Development Site
    Where is this land located?
    The property is located at 4421 Norarrow Dr Fort Wayne, IN.
    What is the asking price?
    The asking price for this property is $658,000.
    What are key features of this property?
    This property features: 3-acre commercial development site in Fort Wayne, IN at 4421 Norarrow Dr.; High visibility and accessibility across from Parkview Regional Hospital.; Excellent access to I-69 via Union Chapel and Dupont Roads.
    Request Owner's contact information
    4421 Norarrow Dr Fort Wayne, IN 46845
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    Fort Wayne, IN 46845
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    Realmo Value Estimation

    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.

    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.

    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
    4421 Norarrow Dr Fort Wayne, IN 46845
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