Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    7710 Ardmore Ave Fort Wayne, IN 46809

    • Land
    • 8.29 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 7710 Ardmore Ave

    Lot size
    8.29 lot acres
    Property type
    Land

    Description

    This exceptional 8.29-acre commercial land parcel in Fort Wayne, Indiana, presents a prime development opportunity. Located at 7710 Ardmore Ave, Allen County, and zoned I-2 (General Industrial), this property boasts an approved site development plan for up to four buildings totaling approximately 95,000 square feet, inclusive of parking and stormwater detention. The asking price is $414,500, translating to $50,000 per acre. The property's convenient location offers excellent ingress/egress from Ardmore Avenue, providing easy access to Interstates 69 and 469, and proximity to the Fort Wayne International Airport (less than two miles). This site is ideal for businesses seeking to construct new facilities or for developers/investors pursuing industrial development projects. The property's APN is 02-12-32-276-001.003-074

    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
    -85.1886
    Latitude
    41.0157

    Comparable in this City

    • Value Estimation by Request
      2.25 Acres

      3231 Engle Rd

      Land • 2.25 Acres
      3231 Engle Rd, Fort Wayne, IN 46809
      View Details
    • Value Estimation by Request
      0.45 Acres

      9720 Bluffton Rd

      Multifamily properties • 0.45 Acres
      9720 Bluffton Rd, Fort Wayne, IN 46809
      View Details
    • Value Estimation by Request
      57.06 Acres

      9700 Coverdale Rd

      Land • 57.06 Acres
      9700 Coverdale Rd, Fort Wayne, IN 46809
      View Details
    • Value Estimation by Request
      37.00 Acres

      3521 Lower Huntington Rd

      Land • 37.00 Acres
      3521 Lower Huntington Rd, Fort Wayne, IN 46809
      View Details
    • Value Estimation by Request
      3.64 Acres

      9390 Yeager Dr

      Land • 3.64 Acres
      9390 Yeager Dr, Fort Wayne, IN 46809
      View Details
    • Value Estimation by Request
      6.60 Acres

      Majic Port Ln

      Land • 6.60 Acres
      0 Majic Port Ln, Fort Wayne, IN 46809
      View Details

    Similar Nearby for Sale

    • $142,702
      3.64 Acres

      Prime Fort Wayne Industrial Land

      3.64 Acres, I2 Zoning, $142,702
      9390 Yeager Dr, Fort Wayne, IN 46809
      View Details
    • $935,000
      6.60 Acres

      Fort Wayne Industrial Land - 6.6 Acres

      6.6-acre industrial land, shovel-ready lots.
      0 Majic Port Ln, Fort Wayne, IN 46809
      View Details
    • Contact for pricing
      37.00 Acres

      Prime Fort Wayne Commercial Land

      37 Acres, I-69 Access, Development Ready
      3521 Lower Huntington Rd, Fort Wayne, IN 46809
      View Details
    • $400,000
      2.25 Acres

      3231 Engle Rd

      Land • 2.25 Acres
      3231 Engle Rd, Fort Wayne, IN 46809
      View Details
    • Contact for pricing
      2.00 Acres

      Fort Wayne Industrial Land Opportunity

      Divisible land near I-69 & airport.
      5117 Lower Huntington Rd, Fort Wayne, IN 46809
      View Details
    • Contact for pricing
      107.91 Acres

      Prime Fort Wayne Industrial Land

      107 Acres, AG Zoning, Development Ready
      11402 Buskirk Rd, Fort Wayne, IN 46809
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      232,780 SF

      Airport Drive Industrial Complex

      Two Warehouses, Abundant Space Available
      9501 Airport Dr, Fort Wayne, IN 46809
      View Details
    • $7,000,000
      120,040 SF

      Versatile Industrial Facility in Fort Wayne

      120,040 SF industrial building with expansion potential.
      2425 American Way, Fort Wayne, IN 46809
      View Details
    • $2,100 /Mo
      1,625 SF

      Versatile Commercial Space For Rent

      Adaptable commercial space suitable for retail, services, or creative enterprises.
      6720 Old Trail Rd, Fort Wayne, IN 46809
      View Details
    • $13,000,000
      150,000 SF

      Fort Wayne Warehouse Ready

      Warehouse in Fort Wayne's Airport Business Center for lease.
      8645 Aviation Dr, Fort Wayne, IN 46809
      View Details
    • $6 SF/Yr
      7,992 SF

      Office Space Near Engle Road

      Office space for lease near Engle Rd. and Ardmore Ave.
      4423 Ardmore Ave, Fort Wayne, IN 46809
      View Details
    • $7 SF/Yr
      10,800 SF

      Earth Drive Industrial Warehouse

      10,800 SF Warehouse, 6,313 SF Vacant
      4211 Earth Dr, Fort Wayne, IN 46809
      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.
    7710 Ardmore Ave
    Fort Wayne, IN 46809
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.