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Property profile & analytics
OFF-MARKET
Estimated value
$10,165,000
Manufacturing properties
2150 Pleasant Ctr Rd Fort Wayne, IN 46819-9530
Entity Owned
10-yr Hold
Free & Clear
Property ID
US31-0222022
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2017
Construction
TYPE NOT SPECIFIED
Total area
214,031 SF
Lot
40 ac (1,742,400 SF)
APN
02-17-15-300-002.000-059
UPID
US31-0222022
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
-
Walmart Dairy Industrial Manufacturer Production Facility
-
Walmart Plant 7390 Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.01M
Blend (final)
Blend
$10.17M
Owner & transaction history
Blue Kingfisher LLC · 10 yrs held
Blue Kingfisher LLC
since 2016
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$15.7M
+177.6%
Retail stores
$14.8M
+161.4%
Auto repair, garage
$13.7M
+143.2%
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
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$15,680,000
Change: +178% · Conversion: Difficult
RETAIL STORES
$14,765,000
Change: +161% · Conversion: Moderate
AUTO REPAIR, GARAGE
$13,740,000
Change: +143% · Conversion: Easy
WAREHOUSE, STORAGE
$7,625,000
Change: +35% · Conversion: Easy
Blend value · Realmo final
$10.17M
Range $9.15M – $11.18M · ±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
$47 / 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
$492,306
Tax year 2023
Assessed value
$40,001,000
Assessed 2023
Previous assessed
$40,001,000
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$573,900
Assessed improvement
$39,427,100
Land market value
$573,900
Improvement market value
$39,427,100
Total market value
$40,001,000
Applied tax rate
25.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2017
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Buildings
6
Stories
1
Rooms
5
Bathrooms
1
Total area
214,031 SF
Lot
40 ac (1,742,400 SF)
APN
02-17-15-300-002.000-059
UPID
US31-0222022
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$15.7M
RETAIL STORES
Est. value
$14.8M
AUTO REPAIR, GARAGE
Est. value
$13.7M
WAREHOUSE, STORAGE
Est. value
$7.6M
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2017
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Stories
1
Buildings
6
Rooms
5
Bathrooms
1
Lot
40 ac
Current owner
From public records · entity-resolved
Blue Kingfisher LLC
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 8050, BENTONVILLE, AR 72712-8055
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2016
$843,750
Blue Kingfisher LLC
Allen County Redevelopment Commissi
Warranty Deed
—
Feb 10, 2012
—
Allen County Redevelopment Commissi
Doris V Brandenberger
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.
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