Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1161 Washington Ctr Rd Fort Wayne, IN 46825-4140
    Back to Search
    Property profile & analytics

    1161 Washington Ctr Rd, Fort Wayne, IN 46825-4140

    View on Map
    • Hotels
    • 15,048 SF
    • 1.94 lot acres
    Off-Market
    Property ID
    US31-0360143
    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

    • Days Inn by Wyndham Fort Wayne / Hotel & Motel

    Property Details for 1161 Washington Ctr Rd

    Year built
    1989
    Construction
    WOOD
    Lot size
    1.94 lot acres
    Property type
    Hotels
    Property subtype
    Motels
    APN
    02-07-23-101-002.000-073
    APU
    20723101002000073

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 28, 2025 — Shivaarav INC — Deed · related $974k · First Federal Savings Bank
    Dec 12, 2017 $1,100,000 Shivaarav INC Shree Nathji INC Deed $1.1M · Bankunlted NA
    Aug 11, 2017 — Shree Nathji INC — Deed · related $3M · The State Bank & Trust Co
    Nov 14, 2016 — K & D Realty LLC Shree Nath Ji INC Corporation Deed —

    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
    -85.1546
    Latitude
    41.131
    CBSA code
    23060
    CBSA name
    FORT WAYNE, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $13,642
    $292,300
    $225,000
    $517,300
    -
    $292,300
    $225,000
    $517,300

    Comparable in this City

    • Value Estimation
      $1,710,000
      89,428 SF

      4111 Paul Shaffer Dr

      HOTEL/MOTEL
      4111 Paul Shaffer Dr, Fort Wayne, IN 46825-5881
      View Details
    • Value Estimation
      $1,560,000
      95,024 SF

      1313 Washington Ctr Rd

      HOTEL/MOTEL
      1313 Washington Ctr Rd, Fort Wayne, IN 46825-4142
      View Details
    • Value Estimation by Request
      624 SF

      342 Nene Dr

      HOTEL/MOTEL
      342 Nene Dr, Fort Wayne, IN 46825-6317
      View Details
    • Value Estimation by Request
      4,564 SF

      401 Augusta Way

      HOTEL/MOTEL
      401 Augusta Way, Fort Wayne, IN 46825-2173
      View Details
    • Value Estimation by Request
      266 SF

      10020 Dupont Cir Ct, Unit 230

      HOTEL/MOTEL
      10020 Dupont Cir Ct, Fort Wayne, IN 46825-1620
      View Details
    • Value Estimation by Request
      1,006 SF

      402 Wallen Hls Dr, Unit 632

      HOTEL/MOTEL
      402 Wallen Hls Dr, Fort Wayne, IN 46825-7001
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      44,407 SF

      76-Room Best Western Hotel

      Well-located hotel with indoor pool, fitness center, and breakfast area.
      2902 E Dupont Rd, Fort Wayne, IN 46825
      View Details
    • $275,000
      0.97 Acres

      Fort Wayne Retail/Restaurant Opportunity

      Land suitable for restaurant or retail development in Fort Wayne.
      1508 N Hill Dr, 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.
      9022 Wings Pass, Fort Wayne, IN 46825
      View Details
    • Contact for pricing
      35.00 Acres

      35 Acres of Vacant Land

      35-acre parcel ideal for commercial or industrial development.
      W County Line Rd, Ft Wayne, IN 46825
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      58,220 SF

      Prime Fort Wayne Executive Suites

      Class A Office Space, 8,754 SF Available
      2720 Dupont Commerce Ct, Fort Wayne, IN 46825
      View Details
    • Contact for pricing

      Retail Space on Coldwater Road

      Retail space available in high-growth commercial area.
      704 E Dupont Rd, Fort Wayne, IN 46825
      View Details
    • Contact for pricing

      End Cap Space For Lease

      Retail and office spaces available for lease.
      2910 E Dupont Rd, Fort Wayne, IN 46825
      View Details
    • $12 SF/Yr

      Stoney Creek East Office Condos

      Office condo units in Stoney Creek East for lease.
      217 E Washington Center Rd, Fort Wayne, IN 46825
      View Details
    • Contact for pricing
      7,378 SF

      Retail Space on Coldwater Road

      7,378 SF retail space with frontage available for lease.
      10202 Coldwater Rd, Fort Wayne, IN 46825
      View Details
    • Contact for pricing

      Corner Lot on Dupont Road

      0.67 acre corner lot with parking easement rights.
      3800 E Dupont Rd, Fort Wayne, IN 46825
      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.
    1161 Washington Ctr Rd
    Fort Wayne, IN 46825-4140
    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

    Thank You for Inquiry
    1161 Washington Ctr Rd, Fort Wayne, IN, 46825
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!