Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3131 Pontiac St Fort Wayne, IN 46803
    Back to Search
    Property profile & analytics

    3131 Pontiac St, Fort Wayne, IN 46803

    View on Map
    • Day care centers
    • 1,955 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Day care centers

    Property Details for 3131 Pontiac St

    Year built
    1955
    Property type
    Day care centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional mixed-use property, located at 3131 E Pontiac St, Fort Wayne, IN 46803, presents a unique investment opportunity. The 1,955 square foot building, constructed in 1955, sits on a single story and offers a versatile layout currently configured as an auto shop, daycare/nursery, and a 7-Eleven grocery store. The property boasts a desirable location where a residential neighborhood meets an industrial area, providing a strong customer base for diverse businesses. Two parking lots offer ample space for customers and employees, with potential for expansion or additional development. The building's existing kitchen capabilities add further flexibility for potential tenants or uses. The asking price is $300,000. This property is being offered for sale by owner and represents a compelling chance to acquire a well-situated, multi-faceted commercial asset in a growing area of Fort Wayne, Allen County, Indiana. The property's diverse tenant mix and substantial parking provide a solid foundation for future growth and profitability. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.0971
    Latitude
    41.0615

    Comparable in this City

    • Value Estimation by Request
      2,900 SF

      2510 Coliseum Blvd

      CONVENIENCE STORE
      2510 Coliseum Blvd, Fort Wayne, IN 46803-2942
      View Details
    • Value Estimation
      $655,000
      6,200 SF

      3217 Washington Blvd

      CONVENIENCE STORE
      3217 Washington Blvd, Fort Wayne, IN 46803-1537
      View Details
    • Value Estimation by Request
      2,376 SF

      7535 State Rd 930

      CONVENIENCE STORE
      7535 State Rd 930, Fort Wayne, IN 46803-1765
      View Details
    • Value Estimation by Request
      2,550 SF

      1803 Wayne St

      CONVENIENCE STORE
      1803 Wayne St, Fort Wayne, IN 46803-1330
      View Details
    • Value Estimation by Request
      2,925 SF

      6925 State Rd 930

      CONVENIENCE STORE
      6925 State Rd 930, Fort Wayne, IN 46803-1761
      View Details
    • Value Estimation by Request
      1,357 SF

      1338 Hayden St

      AUTO REPAIR, GARAGE
      1338 Hayden St, Fort Wayne, IN 46803-2044
      View Details

    Similar Nearby for Sale

    • $350,000
      8,335 SF

      Restaurant and Redevelopment Opportunity

      8,335 SF building with restaurant and redevelopment potential.
      2650 S Coliseum Blvd, Fort Wayne, IN 46803
      View Details
    • Contact for pricing
      1,800 SF

      Restaurant and Retail Opportunity

      Restaurant and retail property for sale in Fort Wayne.
      6500 State Road 930, Fort Wayne, IN 46803
      View Details
    • $645,000

      Freestanding Retail Building on SR 930

      1,800 SF retail building on 0.52 acres, high traffic.
      6527 Sr 930, Fort Wayne, IN 46803
      View Details
    • Contact for pricing
      2,215 SF

      Wendy's Restaurant Investment Opportunity

      Wendy's restaurant for sale with corporate guaranteed lease.
      6824 Lincoln Hwy, Fort Wayne, IN 46803
      View Details
    • Contact for pricing
      1,800 SF

      Retail Building on SR 930

      1,800 SF retail building on 0.52 AC for sale.
      6527 In-930, Fort Wayne, IN 46803
      View Details
    • $159,900
      0.05 Acres

      Barbershop with Development Potential

      Commercial space with redevelopment potential, includes adjoining lot.
      1017 E Pontiac St, Fort Wayne, IN 46803
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,264 SF

      Fort Wayne Warehouse Space Available

      Industrial warehouse space for rent in Eastern Fort Wayne.
      2532 Bremer Rd, Fort Wayne, IN 46803
      View Details
    • $2 SF/Yr

      Fort Wayne Industrial Building For Lease

      85,973 SF industrial building with heavy power and easy access.
      1600 Wabash Ave, Fort Wayne, IN 46803
      View Details
    • $4 SF/Yr

      Industrial Space for Lease

      25,530 SF industrial space ideal for warehousing and distribution.
      Ft, Fort Wayne, IN 46803
      View Details
    • Contact for pricing
      582,406 SF

      Industrial Facility with Rail Spur

      Large industrial facility featuring rail access and on-site security.
      2701 S Coliseum Blvd, Fort Wayne, IN 46803
      View Details
    • Contact for pricing

      Fort Wayne Industrial Land Opportunity

      Industrial land available for build-to-suit in east Fort Wayne.
      2808 Adams Center Rd, Fort Wayne, IN 46803
      View Details
    • $7 SF/Yr

      Functional Industrial Space For Lease

      Well-maintained industrial space in Scout Industrial Park with heavy power.
      2230 Meyer Rd, Fort Wayne, IN 46803
      View Details
    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.
    3131 Pontiac St
    Fort Wayne, IN 46803
    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

    Thank You for Inquiry
    3131 Pontiac St, Fort Wayne, IN, 46803
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!