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Property profile & analytics
FOR LEASE
Office Spaces
1700 Magnavox Way Fort Wayne, IN 46804
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US31-1197285
For Lease
1 / 14
$16.50 SF/Yr
1700 Magnavox Way, Fort Wayne, IN 46804
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1969
Construction
TYPE NOT SPECIFIED
Total area
350,858 SF
Lot
14.21 ac (618,988 SF)
APN
02-11-12-279-001.000-075
UPID
US31-1197285
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
Current use
Occupant on record · Public records
-
General Dynamics Industrial Manufacturer Production Facility
-
General Dynamics Mission Systems (GDMS) (Bike/Boat/Book/etc) Store Corporate Office
-
SRE LLC Trucking Company
-
Physicians Health Plan of Northern Indiana, Inc. (PHP) Insurance Agency
-
Allen County rcc Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.74M
Blend (final)
Blend
$9.68M
Owner & transaction history
Magnaway LLC · 12 yrs held
Magnaway LLC
since 2013
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
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
$9.68M
Range $8.71M – $10.65M · ±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
$28 / 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
$265,124
Tax year 2023
Assessed value
$10,755,100
Assessed 2023
Previous assessed
$10,755,100
+0.0% YoY
Effective rate
2.47%
On assessed value
Assessed land
$852,600
Assessed improvement
$9,902,500
Land market value
$852,600
Improvement market value
$9,902,500
Total market value
$10,755,100
Applied tax rate
59.0000
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
1969
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
2
Stories
3
Total area
350,858 SF
Lot
14.21 ac (618,988 SF)
APN
02-11-12-279-001.000-075
UPID
US31-1197285
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
1969
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
3
Buildings
2
Lot
14.21 ac
Current owner
From public records · entity-resolved
Magnaway LLC
Entity
Mailing address
7108 COVINGTON RD, FORT WAYNE, IN 46804-1506
Ownership since
2013
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
Sep 9, 2013
$3,750,000
Magnaway LLC
Fifth Third Bank
Special Warranty Deed
$5,000,000 · Tower Bank & Trust Co
Sep 9, 2013
—
Fifth Third Bank
Sre LLC
Special Warranty Deed
—
Oct 29, 2010
—
Sandra Raines
Cording Avoh LLC
Other
—
May 30, 2006
—
Hanning & Bean Enterprises INC
Clinton Street Realty Trust
Special Warranty Deed
—
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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