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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Grocery and convenience stores
3220 Anthony Blvd Fort Wayne, IN 46805-2230
Entity Owned
2-yr Hold
Free & Clear
Property ID
US31-1224314
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Wendy's Restaurant Take-out & Catering
-
Lassus Handy Dandy Gas Station
-
ATM Atm
-
Handy Dandy Gas Station
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
Rege Properties LLC · 2 yrs held
Rege Properties LLC
since 2023
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$380,000
+173.0%
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
$410,000
CAP Approach
CAP Return
Estimation
6%
$915,000
6.5%
$845,000
7%
$785,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$380,000
Change: +173% · Conversion: Easy
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$124 / 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
$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
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
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
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
$380,000
COMMERCIAL (GENERAL)
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
1997
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
1.29 ac
Current owner
From public records · entity-resolved
Rege Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
255 PINEHURST AVE, LOS GATOS, CA 95032-3917
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2023
—
Rege Properties LLC
Roger J O Eline
Quit Claim Deed
related
—
Oct 12, 2020
—
Roger Jo Eline
Fx Net Lease Holdings LLC
Special Warranty Deed
—
Feb 29, 2016
—
Fx Net Lease Holdings LLC
Wendy S Of Ft Wayne INC
Special Warranty Deed
—
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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