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    Confidential Fort Wayne, IN 46825

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    Confidential Fort Wayne, IN 46825

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    • Warehouses
    • 1,000,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 0 Confidential

    Property size
    1,000,000 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This off-market portfolio comprises a substantial industrial warehouse investment opportunity located in Indiana, Kentucky, Michigan, Illinois, and Tennessee. The portfolio features a mix of Class B properties totaling between 1,000,000 and 2,000,000 square feet, currently operating at 50% occupancy. The asking price is $70,000,000, presenting a compelling 15% cap rate and pro-forma cap rate. The properties are situated on large land parcels and boast strong, established tenants. This redevelopment opportunity is ideal for investors seeking significant returns in the Midwest industrial market. The portfolio is currently off-market, and detailed information, including specific property addresses and tenant details, is available upon execution of a non-disclosure agreement. This offering is exclusively for principals. The primary location listed for this portfolio is Fort Wayne, Allen County, Indiana, zip code 46825. Further details regarding the specific locations of the properties within the portfolio will be provided under a non-disclosure agreement.

    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
    -85.1168
    Latitude
    41.1475

    Comparable in this City

    • Value Estimation by Request

      146 Collins Rd

      Distribution properties
      146 Collins Rd, Fort Wayne, IN 46825
      View Details
    • Value Estimation
      $2,530,000
      123,404 SF

      5517 Distribution Dr

      WAREHOUSE, STORAGE • 123,404 SF
      5517 Distribution Dr, Fort Wayne, IN 46825-5115
      View Details
    • Value Estimation
      $1,355,000
      25,870 SF

      8315 Clinton Park Dr

      WAREHOUSE, STORAGE • 25,870 SF
      8315 Clinton Park Dr, Fort Wayne, IN 46825
      View Details
    • Value Estimation by Request
      360 SF

      7609 Coldwater Rd

      STORAGE YARD, OPEN STORAGE • 360 SF
      7609 Coldwater Rd, Fort Wayne, IN 46825
      View Details
    • Value Estimation by Request
      672 SF

      7220 Red Haw Dr

      STORAGE YARD, OPEN STORAGE • 672 SF
      7220 Red Haw Dr, Fort Wayne, IN 46825
      View Details
    • Value Estimation by Request
      16,980 SF

      7701 Opportunity Dr

      WAREHOUSE, STORAGE • 16,980 SF
      7701 Opportunity Dr, Fort Wayne, IN 46825-3365
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,960 SF

      Wells Street Warehouse/Office Space

      Historic building with warehouse and office space for sale.
      1441 North Wells Street Ext, Fort Wayne, IN 46825
      View Details
    • $675,000
      2.68 Acres

      Commercial Land with High Traffic

      2.68 acre commercial land with high traffic count.
      9163 Auburn Rd, Fort Wayne, IN 46825
      View Details
    • $64,900
      Pending

      Residential Land in Fort Wayne

      Residential land with maintenance-free living package in Majestic Water Villas.
      8992 Wings Pass, Fort Wayne, IN 46825
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      Shovel Ready Commercial Property

      Excellent commercial property ready for development near YMCA.
      10000 Dawsons Creek Blvd, Fort Wayne, IN 46825
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      Development Ground Near Interstate 69

      Commercial land available near Interstate 69.
      9600 N Clinton St, Fort Wayne, IN 46825
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    • Contact for pricing

      Prime Commercial Land Opportunity

      Exceptional commercial land with high visibility and development potential.
      2900 Dupont Commerce Ct, Fort Wayne, IN 46825
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    Similar Nearby for Lease

    • Contact for pricing

      New Construction Flex Buildings Available

      New flex buildings for rent in Keystone Industrial Park.
      5230 Keystone Dr, Fort Wayne, IN 46825
      View Details
    • Contact for pricing
      24,000 SF

      New Construction Warehouse Opportunity

      New construction warehouse with turnkey buildout potential for lease.
      W Essex Ln, Fort Wayne, IN 46825
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    • $8 SF/Yr

      Industrial Sublease Near I-69

      4,000 SF industrial space available for sublease near I-69.
      509 Ley Rd, Fort Wayne, IN 46825
      View Details
    • Contact for pricing
      1,500 SF

      Industrial Warehouse Space Available

      1,500 SF warehouse/small office space for lease.
      3674-3738 North Wells Street Ext, Fort Wayne, IN 46825
      View Details
    • Contact for pricing
      16,321 SF

      Renovated Flex Space Available

      Flex property with renovated office, warehouse, and storage space.
      8310 Clinton Park Dr, Fort Wayne, IN 46825
      View Details
    • Contact for pricing

      Industrial Building with Office Suite

      Industrial building with office suite and storage unit available.
      7616 Disalle Blvd, Fort Wayne, IN 46825
      View Details
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    Confidential
    Fort Wayne, IN 46825
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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.

    More about this property
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