Technical
Financial
Distress signals
Property profile

2001 Hobson Rd Fort Wayne, IN 46805

FOR SALE
Assisted living facilities
Property ID
US31-0658175
57,557 SF 3.46 ac lot Built 1974
Entity Owned 13-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1.87-acre commercial development site, located at 2001 Hobson Road in Fort Wayne, Indiana (zip code 46805), presents a rare opportunity. Priced at $349,000 ($186,631/acre), this vacant land boasts a highly desirable C-2 zoning designation, allowing for a multitude of commercial uses. Situated just south of the recently constructed Dream Plaza gas station, convenience store, and strip center, the property benefits from exceptional visibility and proximity to a thriving retail corridor. The site is strategically positioned near a concentration of restaurants, medical facilities, professional offices, and financial institutions, ensuring high foot traffic and customer accessibility. All utilities are available at the site, and a curb cut is already in place, simplifying the development process. The Allen County property features a Tax ID number of 02-08-31-427-020.000-072 (Portion of Parcel). This is one of the last remaining development sites in this high-demand area, making it an ideal investment for discerning buyers seeking a prime location for their next commercial venture. Don't miss this chance to capitalize on this exceptional opportunity.

Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1974
Construction WOOD
Total area 57,557 SF
Lot 3.46 ac (150,718 SF)
APN 02-08-31-428-002.000-072
UPID US31-0658175

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Nursing Home
  • Nursing Home Retirement Community
  • Physician
  • Physician

Location

2001 Hobson Rd Fort Wayne, IN 46805
Fort Wayne metro Census 3500 FORT WAYNE, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$695k
CAP Approach CAP
by Request
Comparable Approach Comparable
$987k
Blend (final) Blend
$840k

Owner & transaction history

since 2012
1 recorded transaction
2012
$13.1M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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