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Property profile & analytics
OFF-MARKET
Office Spaces
3518 Broadway Fort Wayne, IN 46807-1723
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US31-1085473
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1925
Construction
WOOD
Total area
4,362 SF
Lot
0.04 ac (1,830 SF)
APN
02-12-15-403-004.000-074
UPID
US31-1085473
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
-
Modern Mill Solar Solar Energy Company Green Energy Supplier
-
Modern Mill Home Interior Design Hardware & Home Improvement
-
Modern Mill Realty Real Estate Agency
-
Moonlit Design Co. Training Center Tutoring Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Janita Patterson · 3 yrs held
Janita Patterson
since 2023
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,087
Tax year 2023
Assessed value
$114,500
Assessed 2023
Previous assessed
$114,500
+0.0% YoY
Effective rate
2.70%
On assessed value
Assessed land
$3,700
Assessed improvement
$110,800
Land market value
$3,700
Improvement market value
$110,800
Total market value
$114,500
Applied tax rate
91.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1925
Construction
WOOD
Heating
NONE
Stories
3
Total area
4,362 SF
Lot
0.04 ac (1,830 SF)
APN
02-12-15-403-004.000-074
UPID
US31-1085473
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
Building & site characteristics
From public records
Year built
1925
Construction
WOOD
Heating
NONE
Stories
3
Lot
0.04 ac
Current owner
From public records · entity-resolved
Janita Patterson
Individual
Mailing address
431 W APOOTD ST, FORT WAYNE, IN 46807
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2023
—
Janita Patterson
Modern Mill LLC
Warranty Deed
$272,000 · Three Rivers FCU
Sep 27, 2022
—
Otho & Brough LLC
—
Deed
related
$140,000 · Three Rivers FCU
Mar 24, 2017
—
Otha Brough LLC
Charles W Rogers
Re-recorded Document
related
—
Mar 10, 2017
$81,000
Otho & Brough LLC
Charles W Rogers
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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