330 State Blvd Fort Wayne, IN 46808-3135
Property Lookup
Property profile & analytics
330 State Blvd Fort Wayne, IN 46808-3135
- Retail space
- 14,392 SF
- 1.60 lot acres
Property ID
US31-0229122
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.
Location Intelligence
Current Use by Public Records
- Walgreens Pharmacy / Pharmacy
- Redbox / Cinema / (Bike/Boat/Book/etc) Store
- Walgreens / Pharmacy
- Coinhub Bitcoin ATM Teller / Atm
- COVID-19 Drive-Thru Testing at Walgreens / Pharmacy
Property Details for 330 State Blvd
- Year built
- 2002
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 1.60 lot acres
- Property size
- 14,392 SF
- Property type
- Retail space
- APN
- 02-07-35-185-023.000-074
- APU
- 20735185023000074
Description
This exceptional investment opportunity presents a 14,405 square foot Walgreens located at 330 W State Blvd, Fort Wayne, Indiana, 46808. The property features a highly desirable absolute NNN lease with a corporate guarantee from Walgreens (NASDAQ:WBA), ensuring consistent cash flow. The lease commenced October 1, 2002, and has a remaining term of approximately 8 years, extending to October 31, 2032, with ten 5-year renewal options. The property boasts a strong 8.50% cap rate and a net operating income (NOI) of $379,800, with an asking price of $4,468,235 ($310.19 per square foot). Situated on a hard corner location, this Walgreens benefits from high visibility and traffic, experiencing 17,513 vehicles per day. The property is conveniently located 1.5 miles from downtown Fort Wayne and is surrounded by complementary businesses including Burger King, Arby's, Dairy Queen, Kroger, Dollar Tree, and Pizza Hut. The seller is offering attractive financing options, providing 50% LTV financing. This is a rare opportunity to acquire a stable, high-performing Walgreens property in a thriving market with a strong tenant and significant remaining lease term. The property is 100% occupied. This investment is further enhanced by the strong demographics of the area, with 188,000 residents within a 5-mile radius.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,305,000
- 6.5%
- $2,125,000
- 7%
- $1,975,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,417,000
- AI Estimate
- $1,637,000
Market price range: $471k - $2.42MMarket price range: $618k - $1.64M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Fort Wayne
- County
- Allen
- State
- Indiana
- Longitude
- -85.1459
- Latitude
- 41.0966
- 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
$41,708
$484,700
$1,062,200
$1,546,900
-
$484,700
$1,062,200
$1,546,900
