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    Property profile & analytics

    2116 Butler Rd Fort Wayne, IN 46808-4420

    • Assisted living facilities
    • 26,247 SF
    • 4.97 lot acres
    OFF-MARKET
    Value Estimation
    $615,000
    Last Sale
    Oct 16, 2024
    Location Intelligence
    Property ID
    US31-0496094
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Cedar Creek of Fort Wayne / Assisted Living Facility

    Property Details for 2116 Butler Rd

    Year built
    1997
    Construction
    WOOD
    Lot size
    4.97 lot acres
    Property size
    26,247 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    02-07-27-352-010.000-073
    APU
    20727352010000073

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $630,000

    • CAP approach

      CAP return
      Estimation
      6%
      $720,000
      6.5%
      $595,000
      7%
      $645,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $690,000
      Geo Method
      $680,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $670,000
      Retail
      $600,000
      Mixed-Use
      $535,000
      Hospitality
      $525,000
      Educational
      $625,000
      Residential Income
      $550,000
      Energy
      $670,000
      Income-Based Land
      $630,000
      Food Service
      $595,000

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.1703
    Latitude
    41.1073
    CBSA code
    23060
    CBSA name
    FORT WAYNE, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $20,461
    $109,900
    $785,100
    $895,000
    -
    $109,900
    $785,100
    $895,000

    Comparable in this City

    • Value Estimation
      $425,000
      4,256 SF

      919 Florence Ave

      MEDICAL BUILDING • 4,256 SF
      919 Florence Ave, Fort Wayne, IN 46808-2354
      View Details
    • Value Estimation by Request
      1.50 Acres

      Cor Of Hillegas Rd & Butler Rd

      Land • 1.50 Acres
      0 Cor Of Hillegas Rd & Butler Rd, Fort Wayne, IN 46808
      View Details
    • Value Estimation by Request
      15,793 SF

      3819 Superior Ridge Dr

      Distribution properties • 15,793 SF
      3819 Superior Ridge Dr, Fort Wayne, IN 46808
      View Details
    • Value Estimation by Request
      0.13 Acres

      2900 Tyler Ave

      INDUSTRIAL - VACANT LAND • 0.13 Acres
      2900 Tyler Ave, Fort Wayne, IN 46808
      View Details
    • Value Estimation by Request
      0.12 Acres

      1500 Viola Ave

      VACANT COMMERCIAL LAND • 0.12 Acres
      1500 Viola Ave, Fort Wayne, IN 46808
      View Details
    • Value Estimation by Request
      0.25 Acres

      623 Watkins St

      CHARITABLE ORGANIZATION • 0.25 Acres
      623 Watkins St, Fort Wayne, IN 46808-3362
      View Details

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    • Contact for pricing
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      Residential land available for potential home construction.
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    Similar Nearby for Lease

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      Three-story office buildings near Purdue University Fort Wayne.
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      Retail and office spaces available in Kroger anchored shopping center.
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      Retail spaces available near I-69 and Downtown Fort Wayne.
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      Industrial Space with Outdoor Storage

      Corner lot warehouse with outdoor storage available for lease.
      3811 Superior Ridge Dr, Fort Wayne, IN 46808
      View Details
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    2116 Butler Rd
    Fort Wayne, IN 46808-4420
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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