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Property profile & analytics
FOR SALE
Parking lots & garages

10510 Maysville Rd Fort Wayne, IN 46835

10,359 SF 1.75 ac lot Built 2004
Entity Owned 5-yr Hold Absentee Owner Free & Clear
Property ID
US31-0785866
Property summary
AI-generated overview

This exceptional 1.75-acre commercial land parcel presents a prime opportunity in the thriving Chapel Ridge Shopping Center in Fort Wayne, Indiana. Located at 10510 Maysville Rd, zip code 46835, this property boasts a highly desirable SC/Shopping Center zoning designation, making it ideal for a variety of retail developments. The site is strategically positioned within a busy shopping center anchored by major retailers including Walmart, Kohl's, and Marshalls, ensuring high visibility and significant foot traffic. The previous building has been demolished, leaving the site fully prepared for immediate development. With 105 existing parking spaces already in place, this property offers unparalleled convenience for both customers and employees. The asking price for this exceptional retail opportunity is $1,100,000. The Allen County property is identified by APN 02-08-24-426-002.008-072. This is a rare chance to acquire a ready-to-build site in a premier retail location, offering substantial potential for growth and return on investment. The property's location offers excellent access and visibility, making it an attractive proposition for businesses seeking a strong presence in a high-traffic area. Don't miss this chance to secure a prime piece of commercial real estate in a flourishing Fort Wayne neighborhood.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING LOT
Year built 2004
Construction WOOD
Total area 10,359 SF
Lot 1.75 ac (76,230 SF)
APN 02-08-24-426-002.008-072
UPID US31-0785866
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$550k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$515k
Owner & transaction history
M Jones Properties LLC · 5 yrs held
M Jones Properties LLC
since 2020
Last sale
$475,000
1 recorded transaction
2020
$475,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $760,000 +10.5%
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More about this property
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