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3220 N Anthony Blvd, Fort Wayne, IN 46805
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Property summary
AI-generated overview
This exceptional restaurant opportunity is located at 3220 N. Anthony Blvd in Fort Wayne, Indiana. The property boasts a total of 4,948 square feet, with 2,820 square feet currently available for sublease. The building, constructed in 1997, features a convenient drive-thru and prominent pylon signage, ensuring high visibility to attract customers. Benefit from a daily traffic count of 10,965 vehicles. The space is move-in ready, with all equipment included. The property sits on 1.29 acres of land and is zoned C2/Limited Commercial (APN: 02-08-30-351-007.000-072, Allen County). The sublease offers a long-term outlook, expiring in 2036. The lease rate is competitively priced at $35.00 per square foot per year, NNN. This single-story building is part of a multi-tenant property. This is an ideal location for a restaurant seeking high visibility and a strong customer base in a thriving Fort Wayne market. Don't miss this chance to establish your business in a well-equipped, high-traffic location.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1997
Construction
TYPE NOT SPECIFIED
Total area
4,948 SF
Lot
1.29 ac (56,240 SF)
APN
02-08-30-351-007.000-072
UPID
US31-1224314
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Restaurant Take-out & Catering
-
Gas Station
-
Atm
-
Gas Station
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$410k
CAP Approach
CAP
$845k
Comparable Approach
Comparable
$585k
Blend (final)
Blend
$615k
Owner & transaction history
since 2023
3 recorded transactions
Zoning & alternative use
Top alternative use upside
Commercial (general)
$380,000
+173.0%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$615k
Value range
$554k – $677k
±10% around blend
Estimated value / SF
$124 / SF
Confidence
Property data
88
Comparable evidence
60
Income certainty
100
$554k
blend $615k
$677k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,948 SF
Lot area
1.29 ac
Year built
1997
Stories
1
APN
02-08-30-351-007.000-072
Assessed value
$932,400
Annual tax
$24,629
3
Income approach: direct capitalization
Partial preview
Income approach indication
$845k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$915k
@ 6.5% CAP return
$845k
@ 7% CAP return
$785k
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$24,629
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$585k
Range $466k – $718k
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$615k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+173%
vs current-use indication
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$446k
Move the market yield to see immediate price impact.
Value / SF
$90
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$28k
$562k
$401k
$312k
$31k
$624k
$446k
$347k
$34k
$687k
$491k
$382k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$24,629
Tax year 2023
Assessed value
$932,400
Assessed 2023
Previous assessed
$932,400
+0.0% YoY
Effective rate
2.64%
On assessed value
Assessed land
$449,900
Assessed improvement
$482,500
Land market value
$449,900
Improvement market value
$482,500
Total market value
$932,400
Applied tax rate
75.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
For Lease
Year built
1997
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
4,948 SF
Lot
1.29 ac (56,240 SF)
APN
02-08-30-351-007.000-072
UPID
US31-1224314
Jurisdiction
ALLEN
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
1.29 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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