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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2915 State Blvd Fort Wayne, IN 46808-1803

    • Office buildings
    • 2,975 SF
    • 11.56 lot acres
    OFF-MARKET
    Value Estimations
    $450,000
    Show details
    Cap Rate Potential
    9.8%
    Office buildings
    Location Intelligence
    Property ID
    US31-0620305
    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.

    Current Use by Public Records

    • A's Pub and Grub / Bar & Grill
    • ATM / Atm
    • WANE 15 / Television Station

    Property Details for 2915 State Blvd

    Year built
    2000
    Construction
    WOOD
    Lot size
    11.56 lot acres
    Property size
    2,975 SF
    Property type
    Office buildings
    APN
    02-07-33-403-008.000-073
    APU
    20733403008000073

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $355,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $585,000
      6.5%
      $540,000
      7%
      $500,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $230,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.1801
    Latitude
    41.0941
    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
    $17,163
    $134,900
    $515,900
    $650,800
    -
    $134,900
    $515,900
    $650,800

    Comparable in this City

    • Value Estimation
      $290,000
      4,750 SF

      2228 Lakeview Dr

      OFFICE BUILDING • 4,750 SF
      2228 Lakeview Dr, Fort Wayne, IN 46808-3926
      View Details
    • Value Estimation
      $290,000
      5,760 SF

      2730 Lofty Dr

      OFFICE BUILDING • 5,760 SF
      2730 Lofty Dr, Fort Wayne, IN 46808-3928
      View Details
    • Value Estimation
      $280,000
      10,620 SF

      3835 Superior Rdg Dr

      OFFICE BUILDING • 10,620 SF
      3835 Superior Rdg Dr, Fort Wayne, IN 46808-4419
      View Details
    • Value Estimation
      $275,000
      4,000 SF

      921 Coliseum Blvd

      OFFICE (GENERAL) • 4,000 SF
      921 Coliseum Blvd, Fort Wayne, IN 46808-1221
      View Details
    • Value Estimation
      $220,000
      3,828 SF

      1424 Leesburg Rd

      OFFICE (GENERAL) • 3,828 SF
      1424 Leesburg Rd, Fort Wayne, IN 46808-2534
      View Details
    • Value Estimation
      $250,000
      12,398 SF

      2000 Wls St

      OFFICE (GENERAL) • 12,398 SF
      2000 Wls St, Fort Wayne, IN 46808-2495
      View Details

    Similar Nearby for Sale

    • $325,000
      2,985 SF

      Versatile Retail or Office Building

      Adaptable building suitable for retail or office use.
      1314 E State Blvd, Fort Wayne, IN 46808
      View Details
    • $225,000
      1,161 SF

      Renovated Office Space For Sale

      1,165 SF office space renovated in 2019 with parking.
      615 Goshen Ave, Fort Wayne, IN 46808
      View Details
    • $200,000

      Prime Fort Wayne Commercial Land

      Build Your Business Here! High Traffic Area!
      3625 Coliseum Blvd, Fort Wayne, IN 46808
      View Details
    • $2,600,000
      8,830 SF

      Redevelopment Opportunity on Coliseum Boulevard

      8,830 SF building on 1.45 acres for sale.
      930 East Coliseum Blvd, Fort Wayne, IN 46808
      View Details
    • $550,000

      Commercial Land Near Kroger Center

      Commercial land for sale near downtown Fort Wayne.
      1329 W State Blvd, Fort Wayne, IN 46808
      View Details
    • $11,340,000

      Industrial Warehouse with Logistics Access

      I-2 Zoned warehouse near logistics hubs with highway access.
      3616 Independence Dr, Fort Wayne, IN 46808
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      11,337 SF

      Office Space Near Universities

      Three-story office buildings near Purdue University Fort Wayne.
      3500 East Coliseum Blvd, Fort Wayne, IN 46808
      View Details
    • $6 SF/Yr
      30,000 SF

      Fort Wayne Warehouse Space Available

      7,500 SF Warehouse, Office Space
      3927 Kraft Pkwy, Fort Wayne, IN 46808
      View Details
    • $6 SF/Yr
      2,607 SF

      Retail Spaces in Kroger Anchored Center

      Retail and office spaces available in Kroger anchored shopping center.
      1201 W State Blvd, Fort Wayne, IN 46808
      View Details
    • $12 SF/Yr

      Retail Center on Bustling Street

      Retail suites available in high-traffic Fort Wayne location.
      821 W Coliseum Blvd, Fort Wayne, IN 46808
      View Details
    • $9 SF/Yr
      15,284 SF

      Clean Warehouse/Flex Space Available

      Air-conditioned warehouse/flex space with ample parking and office.
      5335 Bass Rd, Fort Wayne, IN 46808
      View Details
    • Contact for pricing
      177,833 SF

      Gateway Plaza: Fort Wayne Retail Center

      Prime Fort Wayne retail space, multiple units available.
      1421 Goshen Rd, Fort Wayne, IN 46808
      View Details
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    Fort Wayne, IN 46808-1803
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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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