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Property profile & analytics
FOR LEASE
Industrial land
2701 S Coliseum Blvd, Fort Wayne, IN 46803
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US31-0100003
For Lease
1 / 2
Contact for pricing
2701 S Coliseum Blvd, Fort Wayne, IN 46803
View Listing →
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
3.44 ac (149,846 SF)
APN
02-13-17-126-004.000-077
UPID
US31-0100003
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
-
CFM Sheet Metal Inc Production Facility Metal Fabrication Plant
-
Environment Technology Consulting Corporation Environmental Consultant
-
Phoenix stamping Industrial Manufacturer Production Facility
-
Essex Brownell Electrical Service General Contractor
-
Alpha Leasing, LLC Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Hartzell Realty II LLC · 8 yrs held
Hartzell Realty II LLC
since 2018
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$675
Tax year 2023
Assessed value
$26,600
Assessed 2023
Previous assessed
$26,600
+0.0% YoY
Effective rate
2.54%
On assessed value
Assessed land
$26,600
Land market value
$26,600
Total market value
$26,600
Applied tax rate
64.0000
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
For Lease
Heating
NONE
Lot
3.44 ac (149,846 SF)
APN
02-13-17-126-004.000-077
UPID
US31-0100003
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
Building & site characteristics
From public records
Heating
NONE
Lot
3.44 ac
Current owner
From public records · entity-resolved
Hartzell Realty II LLC
Entity
Mailing address
401 E KILBOURN AVE STE #201, MILWAUKEE, WI 53202-3212
Ownership since
2018
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
Jul 18, 2018
—
Phoenlx Fort Wayne LLC
—
Deed
related
$9,637,000 · First National Bank & Trust Co
Mar 16, 2018
—
Hartzell Realty II LLC
Ks Kolbenschmidt Us INC
Deed
related
—
Jul 11, 2016
$2,250,000
Phoenix Fort Wayne LLC
Wayne Coliseum Ltd Partnership
Special Warranty Deed
$1,800,000 · River Valley Bank
Jul 11, 2016
—
Phoenix Powerhouse LLC
Wayne Coliseum Limited Partnership
Quitclaim Deed
related
$1,800,000 · River Valley Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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