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    Property profile & analytics

    12732 Auburn Rd Fort Wayne, IN 46845

    • Commercial real estate
    • 77,972 SF
    • 1.79 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-0564091
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 12732 Auburn Rd

    Lot size
    1.79 lot acres
    Property size
    77,972 SF
    Property type
    Commercial real estate

    Description

    This exceptional 1.79-acre commercial land parcel at 12732 Auburn Road, Fort Wayne, Indiana, presents a unique development opportunity. Zoned for a variety of uses, this highly accessible property boasts 77,972 square feet and is situated in a high-income area with a median income exceeding $108,000 within a one-mile radius. Its prime location offers unparalleled visibility and convenience, with easy access to I-69 via exit 317 (north and south). The site benefits from exceptionally high traffic volume, exceeding approximately 24,000 vehicles daily on Auburn Road and Union Chapel Road. Furthermore, its proximity to key establishments enhances its appeal. It's within walking distance of the new Trine University building, Parkview Hospital, and DuPont Hospital, as well as newer developments such as Mijers and Vinland Reserve Winery. The property is located within the highly-rated Northwest Allen County Schools (NACS) district, known for its superior educational system. Potential uses include, but are not limited to, shopping centers, restaurants, daycare facilities, liquor stores, office spaces, banks, gas stations, and hotels. The asking price for this prestigious development land is $799,000. This is a rare chance to acquire a strategically located property in a thriving area of Fort Wayne. The property's zip code is 46845, and it is located in Allen County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.1137181
    Latitude
    41.2005728

    Comparable in this City

    • $1,100,000

      Prime Corner Lot Opportunity

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      Fort Wayne Agricultural Land

      32.1 acres of agricultural land for sale.
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      Residential Land in Fort Wayne

      One-acre residential land with shed and trees in Fort Wayne.
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    • $4,200,000
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      Fort Wayne Agricultural Land Opportunity

      14.5+ acres near Parkview Regional Medical Center and I-69.
      12930 Auburn Rd, Fort Wayne, IN 46845
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    • New
      $749,000
      3.71 Acres

      Prime Commercial Land Near Hospital

      3.71 acres of commercial land near Parkview Regional Hospital.
      4321 Norarrow Dr, Fort Wayne, IN 46845
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    Similar Nearby for Sale

    • $1,100,000

      Prime Corner Lot Opportunity

      Nearly 2-acre hard-corner lot with high visibility.
      1901 Hathaway Rd, Fort Wayne, IN 46845
      View Details
    • $289,900
      1.00 Acre

      Residential Land in Magnolia Run

      Almost one acre lot in high-end Magnolia Run neighborhood.
      1071 Sweetbay St, Fort Wayne, IN 46845
      View Details
    • $3,500,000
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      Fort Wayne Agricultural Land

      32.1 acres of agricultural land for sale.
      12700 State Rd 3 Hwy, Fort Wayne, IN 46845
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    • $110,000
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      Residential Land in Fort Wayne

      One-acre residential land with shed and trees in Fort Wayne.
      5100 Hursh Rd, Fort Wayne, IN 46845
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    • $4,200,000
      14.56 Acres

      Fort Wayne Agricultural Land Opportunity

      14.5+ acres near Parkview Regional Medical Center and I-69.
      12930 Auburn Rd, Fort Wayne, IN 46845
      View Details
    • New
      $749,000
      3.71 Acres

      Prime Commercial Land Near Hospital

      3.71 acres of commercial land near Parkview Regional Hospital.
      4321 Norarrow Dr, Fort Wayne, IN 46845
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Development in High-Growth Area

      New retail development with high visibility in growing Huntertown area.
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    • $15 SF/Yr

      Watersong Office Park Space

      Office space for lease in Watersong Office Park.
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    12732 Auburn 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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