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Property profile & analytics
OFF-MARKET
Estimated value
$5,515,000
Manufacturing properties
2808 Maplecrest Rd Fort Wayne, IN 46803-3218
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US31-0614098
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1962
Construction
TYPE NOT SPECIFIED
Total area
125,788 SF
Lot
51.68 ac (2,251,181 SF)
APN
02-13-16-200-004.000-041
UPID
US31-0614098
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
-
Multimatic Indiana - New Haven Industrial Manufacturer Production Facility
-
Fort Wayne Billiards Arcade & Gaming Center
-
TOP's Tavern Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.34M
Blend (final)
Blend
$5.52M
Owner & transaction history
Board Of Commissioner Of County Of · 3 yrs held
Board Of Commissioner Of County Of
since 2023
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.3M
+197.9%
Neighborhood: shopping center
$3.5M
+26.3%
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
COMMERCIAL (GENERAL)
$8,325,000
Change: +198% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,530,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$5.52M
Range $4.96M – $6.07M · ±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
$44 / 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
$115,480
Tax year 2023
Assessed value
$7,519,800
Assessed 2023
Previous assessed
$7,519,800
+0.0% YoY
Effective rate
1.54%
On assessed value
Assessed land
$355,900
Assessed improvement
$7,163,900
Land market value
$355,900
Improvement market value
$7,163,900
Total market value
$7,519,800
Applied tax rate
50.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1962
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
4
Stories
1
Total area
125,788 SF
Lot
51.68 ac (2,251,181 SF)
APN
02-13-16-200-004.000-041
UPID
US31-0614098
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
COMMERCIAL (GENERAL)
Est. value
$8.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.5M
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1962
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Buildings
4
Lot
51.68 ac
Current owner
From public records · entity-resolved
Board Of Commissioner Of County Of
Entity
Mailing address
200 E BERRY ST STE #410, FORT WAYNE, IN 46802-2739
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2023
—
Board Of Commissioner Of County Of
Nhn LLC
Warranty Deed
—
Jun 24, 2022
—
Pdq Georgetown North LLC
Bantry Bay LLC
Special Warranty Deed
$1,347,500 · Midland States Bank
Sep 18, 2020
—
Nhn LLC
—
Deed
related
$7,000,000 · Premier Bank
May 3, 2019
—
Nhn LLC
—
Deed
related
$10,500,000 · First Federal Bank Of The Midwest
Dec 18, 2017
$58,900
City Of Fort Wayne
Bantry Bay LLC
Warranty Deed
—
Nov 1, 2006
—
Nhn LLC
Nishikawa Standard Co
Warranty Deed
$1,800,000 · Grabill 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.
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