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Property profile & analytics
OFF-MARKET
Estimated value
$2,200,000
Medical Office Space
2510 Dupont Rd Fort Wayne, IN 46825-1600
Entity Owned
14-yr Hold
Free & Clear
Property ID
US31-0205090
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2001
Construction
TYPE NOT SPECIFIED
Total area
24,155 SF
Lot
23.26 ac (1,013,293 SF)
APN
02-08-06-200-024.000-072
UPID
US31-0205090
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
-
Dr. Pramod K. Carpenter, MD Physician
-
Dupont Pediatrics Pediatrician Medical Clinic
-
Fort Wayne Neurological Center Medical Clinic
-
Three Rivers Surgical Assoc LLC Medical Clinic Hospital
-
Northeast Indiana Rehab Institute Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.83M
Blend (final)
Blend
$2.20M
Owner & transaction history
Wha Building Company LLC · 14 yrs held
Wha Building Company LLC
since 2011
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.6M
+94.0%
Restaurant
$2.0M
+49.6%
Apartment house (5+ units)
$1.8M
+29.7%
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
MEDICAL BUILDING
$1,365,000
Current use
COMMERCIAL (GENERAL)
$2,645,000
Change: +94% · Conversion: Easy
RESTAURANT
$2,040,000
Change: +50% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,770,000
Change: +30% · Conversion: Moderate
Blend value · Realmo final
$2.20M
Range $1.98M – $2.42M · ±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
$91 / 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
$577,801
Tax year 2023
Assessed value
$22,118,300
Assessed 2023
Previous assessed
$22,118,300
+0.0% YoY
Effective rate
2.61%
On assessed value
Assessed land
$4,053,200
Assessed improvement
$18,065,100
Land market value
$4,053,200
Improvement market value
$18,065,100
Total market value
$22,118,300
Applied tax rate
75.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2001
Construction
TYPE NOT SPECIFIED
Heating
GEO-THERMAL
Buildings
3
Stories
1
Total area
24,155 SF
Lot
23.26 ac (1,013,293 SF)
APN
02-08-06-200-024.000-072
UPID
US31-0205090
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
MEDICAL BUILDING Current
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$2.6M
RESTAURANT
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
2001
Construction
TYPE NOT SPECIFIED
Heating
GEO-THERMAL
Stories
1
Buildings
3
Lot
23.26 ac
Current owner
From public records · entity-resolved
Wha Building Company LLC
Entity
Free & Clear · 14 yrs held
Mailing address
PO BOX 8040, FORT WAYNE, IN 46898-8040
Ownership since
2011
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 15, 2011
—
Wha Building Company LLC
St Joseph Health System LLC
Special Warranty Deed
—
Aug 12, 2010
—
Lutheran Medical Group LLC
Bma Realty LLC
Warranty Deed
—
Dec 4, 2006
—
Dupont Hospital LLC
St Joseph Health System LLC
Warranty Deed
—
Jun 29, 2006
—
St Joseph Health System LLC
St Joseph Health System LLC
Quit Claim Deed
related
—
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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