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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Medical Office Space
10216 Dupont Cir E Dr Fort Wayne, IN 46825-1611
Entity Owned
~
Est. High Equity
Property ID
US31-0785867
Property summary
AI-generated overview
This exceptional Class A office building, located at 10216 Dupont Circle Dr E, Fort Wayne, IN 46825 (cross streets: Dupont Circle Drive E & Dupont Rd), offers 3,750 square feet of versatile space. Built in 2006 and renovated in 2010, the single-story building features two suites, currently entirely vacant, providing a unique opportunity for a single tenant or multiple occupants. The property is ideally suited for a variety of uses, including traditional office, executive office, coworking, or medical office space. The minimum divisible space is 2,817 square feet, with a maximum contiguous space of 3,750 square feet. This property boasts a prime location in the North Fort Wayne submarket, offering excellent accessibility and visibility. The property's APN is 02-08-06-200-013.000-072. This is a rare opportunity to secure a fully vacant, modern, and well-maintained office building in a desirable location. The building's single-story design provides convenient access and ample parking. Contact us today to learn more about this exceptional property and schedule a viewing.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Construction
TYPE NOT SPECIFIED
Total area
8,173 SF
Lot
1.41 ac (61,420 SF)
APN
02-08-06-200-013.000-072
UPID
US31-0785867
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
SLC HI-Tech & Cosmetic Dentistry Dental Office
-
Dr. Samuel L. Corey, DDS Dental Office
-
SLC Learning Center Training Center Tutoring Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$415k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$597k
Blend (final)
Blend
$505k
Owner & transaction history
COREY PROPERTIES LLC
COREY PROPERTIES LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$690,000
+49.6%
Apartment house (5+ units)
$600,000
+29.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fort Wayne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Wayne submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$415,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$460,000
Current use
RESTAURANT
$690,000
Change: +50% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$600,000
Change: +30% · Conversion: Moderate
RETAIL STORES
$395,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$62 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$31,178
Tax year 2023
Assessed value
$1,180,300
Assessed 2023
Previous assessed
$1,180,300
+0.0% YoY
Effective rate
2.64%
On assessed value
Assessed land
$307,100
Assessed improvement
$873,200
Land market value
$307,100
Improvement market value
$873,200
Total market value
$1,180,300
Applied tax rate
75.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2006
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
8,173 SF
Lot
1.41 ac (61,420 SF)
APN
02-08-06-200-013.000-072
UPID
US31-0785867
Jurisdiction
ALLEN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$460,000
RESTAURANT
Est. value
$690,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$600,000
RETAIL STORES
Est. value
$395,000
MEDICAL BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
1.41 ac
Current owner
From public records · entity-resolved
COREY PROPERTIES LLC
Entity
Mailing address
10216 DUPONT CIR DR E, FORT WAYNE, IN 46825-1611
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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