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    Adams Ctr Rd & Seiler Rd Fort Wayne, IN 46806
    Property profile & analytics

    Adams Ctr Rd & Seiler Rd, Fort Wayne, IN 46806

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    • Warehouses
    • 1,074,625 SF
    • 24.67 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 0 Adams Ctr Rd & Seiler Rd

    Lot size
    24.67 lot acres
    Property type
    Warehouses
    Property subtype
    Land

    Description

    This exceptional 24.67-acre industrial land parcel is ideally situated at the northeast corner of Adams Center Road and Seiler Road in Fort Wayne, Indiana, just south of New Haven. Zoned I2 - General Industrial, this property offers significant development potential. The seller is willing to divide the land to accommodate various project sizes. Utilities are available on-site, providing immediate infrastructure access. The location benefits from high traffic counts, approximately 22,900 vehicles per day, and enjoys excellent accessibility to State Road 930 and Interstate 469, ensuring seamless transportation links. This prime location is within a thriving industrial area of Fort Wayne, close to established businesses such as Mills Auto Parts, FedEx Freight, Costco Distribution, and WM - Fort Wayne Hauling. The property's size and strategic location make it an attractive investment opportunity for various industrial uses. The Allen County parcel number is 02-13-15-300-008.000-041. The asking price for this expansive property is $675,000. The property is currently vacant and offers 1,074,625 square feet of land, with a price per square foot of $0.63. This is a rare opportunity to acquire a large, divisible industrial land parcel in a high-demand location.

    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
    -85.0552
    Latitude
    41.0478

    Comparable in this City

    • Value Estimation by Request
      67.67 Acres

      3800 Meyer Rd

      Land
      3800 Meyer Rd, Fort Wayne, IN 46806
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      4,856 SF

      4925 Avondale Dr

      STORAGE YARD, OPEN STORAGE
      4925 Avondale Dr, Fort Wayne, IN 46806-3104
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      6,600 SF

      225 Dalman Ave

      STORAGE YARD, OPEN STORAGE
      225 Dalman Ave, Fort Wayne, IN 46806-4085
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      9,600 SF

      4524 Ellenwood Dr

      WAREHOUSE, STORAGE
      4524 Ellenwood Dr, Fort Wayne, IN 46806-2850
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    • Value Estimation by Request
      6,296 SF

      620 Southview Ave

      STORAGE YARD, OPEN STORAGE
      620 Southview Ave, Fort Wayne, IN 46806-3034
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    • Value Estimation by Request
      16,606 SF

      517 Southview Ave

      STORAGE YARD, OPEN STORAGE
      517 Southview Ave, Fort Wayne, IN 46806-3031
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Fort Wayne Commercial Land Available

      Land available for development with urban corridor zoning.
      1115 E Pontiac St, Fort Wayne, IN 46806
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      Industrial Land Parcel For Sale

      67.67 acre divisible industrial land parcel for sale.
      3800 Meyer Rd, Fort Wayne, IN 46806
      View Details
    • $31,250
      0.16 Acres

      Residential Lots in Fort Wayne

      Six vacant residential lots for development or investment.
      3912 Senate Ave, Fort Wayne, IN 46806
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    • Contact for pricing
      Pending

      Commercial Land on Pontiac Street

      Land available for development with urban corridor zoning.
      1117 E Pontiac St, Fort Wayne, IN 46806
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    • $31,250
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      Fort Wayne Residential Land Package

      Six vacant lots for residential development near amenities and roadways.
      3824 Senate Ave, Fort Wayne, IN 46806
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    • $31,250
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      Residential Land in Fort Wayne

      Vacant lots ideal for residential development or investment.
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    Fort Wayne, IN 46806
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    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.

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