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Property profile & analytics
FOR SALE
Assisted living facilities

2001 Hobson Rd Fort Wayne, IN 46805

57,557 SF 3.46 ac lot Built 1974
Entity Owned 13-yr Hold Free & Clear
Property ID
US31-0658175
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Amanda M. Smithson, COTA Physician
  • Heritage Park Nursing Home
  • Covington Commons Nursing Home Retirement Community
  • Paolo Miguel Dumadag Physician
  • Rutvik Patel Physician
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
Ohi Asset Fort Wayne LLC · 13 yrs held
Ohi Asset Fort Wayne LLC
since 2012
1 recorded transaction
2012
$13.1M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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