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Property profile & analytics
FOR LEASE
Office Spaces
1690 Broadway Fort Wayne, IN 46802
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US31-2522075
For Lease
1 / 3
$29.85 SF/Yr
1690 Broadway, Fort Wayne, IN 46802
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1917
Construction
CONCRETE
Total area
73,350 SF
Lot
9.45 ac (411,772 SF)
APN
02-12-11-151-001.000-074
UPID
US31-2522075
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
$2.81M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.51M
Owner & transaction history
Ew East Campus Landlord LLC · 6 yrs held
Ew East Campus Landlord LLC
since 2020
Last sale
$2.9M
4 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 Fort Wayne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Wayne 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
$3,805,000
ML approach
$2,805,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,440,000
Current use
Blend value · Realmo final
$3.51M
Range $3.15M – $3.86M · ±10% · vs last sale $2.89M (Feb 7 2020)
Last sale anchor
$2.89M
Feb 7 2020
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
$48 / 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
$43,598
Tax year 2023
Assessed value
$47,215,400
Assessed 2023
Previous assessed
$47,215,400
+0.0% YoY
Effective rate
0.09%
On assessed value
Assessed land
$102,900
Assessed improvement
$47,112,500
Land market value
$102,900
Improvement market value
$47,112,500
Total market value
$47,215,400
Applied tax rate
91.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1917
Construction
CONCRETE
Heating
GEO-THERMAL
Buildings
8
Stories
6
Total area
73,350 SF
Lot
9.45 ac (411,772 SF)
APN
02-12-11-151-001.000-074
UPID
US31-2522075
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$5.4M
COMMERCIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1917
Construction
CONCRETE
Heating
GEO-THERMAL
Stories
6
Buildings
8
Lot
9.45 ac
Current owner
From public records · entity-resolved
Ew East Campus Landlord LLC
Entity
Mailing address
701 W MAIN ST STE #200, DURHAM, NC 27701-5012
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2021
—
Ew West Campus Landlord LLC
—
Deed
related
$14,710,950 · Figures Capital LLC
Feb 7, 2020
—
Ew East Campus Landlord LLC
Ew West Campus Landlord LLC
Quit Claim Deed
related
—
Dec 28, 2017
—
Ew West Campus Landlord LLC
Broadway Development Partners LLC
Quit Claim Deed
related
—
Sep 21, 2017
$2,892,600
Broadway Redevelopment Partners LLC
General Electric Company
Special Warranty Deed
$540,000 · Arg Capital LLC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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