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    2800 East Coliseum Blvd Fort Wayne, IN 46805

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    2800 East Coliseum Blvd Fort Wayne, IN 46805

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    • Commercial land
    • 1.46 lot acres
    For Sale
    $490,000
    View Listing →
    Two Separate Lots Available For Sale
    $490,000

    Two Separate Lots Available

    Two separate land lots available for sale.

    2800 & 3090 East Coliseum Blvd, Fort Wayne, IN 46805
    View Listing
    Property ID
    US31-0676454
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 2800 East Coliseum Blvd

    Lot size
    1.46 lot acres
    Property type
    Commercial land
    APN
    02-08-30-408-001.000-072
    APU
    20830408001000072

    Description

    This exceptional opportunity encompasses two adjacent commercial land parcels totaling between 1.46 and 1.94 acres, strategically located at 2800 & 3090 East Coliseum Boulevard in Fort Wayne, Indiana (zip code 46805). The property, identified by APN numbers 02-08-30-408-001.000-072 and 02-08-30-428-003.005-072, is offered at an asking price of $490,000. The land value ranges from $2.54 to $4.32 per square foot. This prime real estate boasts a desirable location within a Business, Technology & Industrial Park (BTI) zoning designation. The site benefits from a beautiful campus setting and enjoys close proximity to key institutions and amenities, including Purdue Fort Wayne, Ivy Tech, the Allen County War Memorial Coliseum, Glenbrook Square mall, and a variety of retail establishments and offices along the bustling Coliseum Boulevard corridor. This presents a unique chance for developers seeking a well-situated property in a thriving area with excellent access to infrastructure and a strong local economy. The combined acreage provides ample space for a variety of commercial development projects. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.1046
    Latitude
    41.1102
    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
    $3,212
    $121,600
    $0.00
    $121,600
    -
    $121,600
    $0.00
    $121,600

    Comparable in this City

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      1.16 Acres

      1133 Coliseum Blvd

      VACANT COMMERCIAL LAND • 1.16 Acres
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      0.06 Acres

      3320 State Blvd

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      500 State Blvd

      VACANT COMMERCIAL LAND • 0.20 Acres
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      Commercial Land Near Coliseum Boulevard

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      Coliseum Blvd Frontage Land Available

      0.9 acre commercial land with frontage on Coliseum Blvd.
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      Highly Visible Commercial Lot

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      Prime Commercial Outlot for Lease

      0.57 acre outlot ideal for drive-thru or car lot.
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      Retail Space Near Glenbrook Mall

      Prime retail spaces and outlot near major shopping center.
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      10,274 SF

      Prime Commercial Land Opportunity

      Inline spaces and outlot available near Glenbrook Square Mall.
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      Office/Flex Space Available For Rent

      Office and flex space with easy access and excellent visibility.
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      Retail Space Available For Rent

      Retail space available, ranging from 1,782 to 10,274 square feet.
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      10,274 SF

      Retail Space in Glenbrook Commons

      High-traffic retail space in a shopping center near Glenbrook Mall.
      4020 Lima Rd, Fort Wayne, IN 46805
      View Details
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    Fort Wayne, IN 46805
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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