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    11329 Coldwater Rd Fort Wayne, IN 46845
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    11329 Coldwater Rd Fort Wayne, IN 46845

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    • Residential land & home lots
    Off-Market
    Property ID
    US31-3203533
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential land & home lots

    Property Details for 11329 Coldwater Rd

    Property type
    Residential land & home lots

    Description

    Redevelopment Opportunity on 4.11 Acres! Located at 11329 Coldwater Road, Fort Wayne, IN 46845, this residential property is an investor's dream. With its AR/Agricultural Residential zoning, there is incredible potential for development. Sitting on the expansive 4.11-acre lot, the property features a 1,948 square foot 2-story single-family residence and a detached 900 square foot garage. The property boasts an impressive 250 feet of frontage on Coldwater Road, ensuring excellent visibility and accessibility. In addition to its prime location, the property offers significant demographic advantages. Within a 1-mile radius, there is a population of 6,515, and within a 5-mile radius, the population jumps to 89,446. With an average household income of $97,332 within 1 mile and $80,869 within 5 miles, the potential customer base is strong. Priced competitively at $699,000, this is an incredible opportunity for developers and investors alike. Don't miss out on this Redevelopment Opportunity at 11329 Coldwater Road. Contact us today to learn more! - John Adams, CCIM VP of Brokerage Services [email protected] 260.422.8474 x209 www.zacherco.com

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.1332522
    Latitude
    41.1876001

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      Residential land with pond and ravine views in Fort Wayne.
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      Residential Land in Cascata Estates

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    Similar Nearby for Sale

    • $325,000
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      Two Acre Wooded Residential Lot

      Two acre wooded lot in Northwest Fort Wayne neighborhood.
      14570 Magnolia Run Pkwy, Fort Wayne, IN 46845
      View Details
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      Residential Land in Huntertown, IN

      Pond lot in new subdivision near Fort Wayne.
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      View Details
    • $167,900
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      Residential Land in Huntertown, IN

      Pond lot in Cascata Estates, Huntertown, Indiana.
      17786 Monza Pass, Huntertown, IN 46845
      View Details
    • $159,900
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      Residential Land in Fort Wayne

      Residential land with pond and ravine views in Fort Wayne.
      16807 T Tarn Trl Trl, Fort Wayne, IN 46845
      View Details
    • $289,900
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      Residential Land in Magnolia Run

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      Residential Land in Cascata Estates

      Pond lot in Huntertown's Cascata Estates, near Fort Wayne.
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    Similar Nearby for Lease

    • Contact for pricing

      Office Space Available For Rent

      Office space available for rent, approximately 1,495 square feet.
      12912 Coldwater Rd, Fort Wayne, IN 46845
      View Details
    • Contact for pricing

      Watersong Office Park

      Office space available for rent in Watersong Office Park.
      12820-C Coldwater Rd, Fort Wayne, IN 46845
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    11329 Coldwater Rd
    Fort Wayne, IN 46845
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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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