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Property profile & analytics
OFF-MARKET
Estimated value
$2,890,000
Warehouses
15202 Edgerton Rd New Haven, IN 46774-9368
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US31-2425961
Property summary
AI-generated overview
This exceptional industrial property, located at 15202 Edgerton Rd in New Haven, Indiana, offers a substantial 550,000 square feet of warehouse space. Currently, 43,200 contiguous square feet is immediately available for lease. The building, constructed in 1942, sits on a generous 77.68-acre lot and features a 14-foot ceiling height. Multiple tenants are currently occupying portions of the building. The property boasts several loading docks and overhead doors, along with a convenient on-site truck scale. A significant advantage is the 100% dry sprinkler system, ensuring optimal fire protection. The zoning is I-3, allowing for a variety of industrial uses. The property's location in New Haven, Allen County, offers easy access to I-469, providing excellent connectivity to Fort Wayne and beyond. The potential for office build-out is also available, adding to the property's versatility. This is an exceptional opportunity for businesses seeking a large, well-equipped warehouse space in a strategic location. The Allen County APN is 02-14-09-200-003.000-046. The property's size allows for flexibility, with the potential to lease up to 120,000 square feet (divisible).
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1942
Construction
WOOD
Total area
172,800 SF
Lot
77.68 ac (3,383,741 SF)
APN
02-14-09-200-003.000-047
UPID
US31-2425961
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.61M
Blend (final)
Blend
$2.89M
Owner & transaction history
Wafu LLC · 8 yrs held
Wafu LLC
since 2018
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 New Haven submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Haven 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.89M
Range $2.60M – $3.18M · ±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
$17 / 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
$53,706
Tax year 2023
Assessed value
$2,150,200
Assessed 2023
Previous assessed
$2,150,200
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$582,600
Assessed improvement
$1,567,600
Land market value
$582,600
Improvement market value
$1,567,600
Total market value
$2,150,200
Applied tax rate
52.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1942
Construction
WOOD
Heating
NONE
Buildings
5
Stories
1
Total area
172,800 SF
Lot
77.68 ac (3,383,741 SF)
APN
02-14-09-200-003.000-047
UPID
US31-2425961
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
Building & site characteristics
From public records
Year built
1942
Construction
WOOD
Heating
NONE
Stories
1
Buildings
5
Lot
77.68 ac
Current owner
From public records · entity-resolved
Wafu LLC
Entity
Mailing address
7108 COVINGTON RD, FORT WAYNE, IN 46804-1506
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2022
—
Wafu LLC
—
Deed
related
$5,000,000 · Teachers Cu
Jan 4, 2018
—
Wafu LLC
Betty Fientuch
Special Warranty Deed
$15,800,000 · Teachers Cu
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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