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    3800 Meyer Rd Fort Wayne, IN 46806

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    3800 Meyer Rd Fort Wayne, IN 46806

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    • Industrial land
    For Sale
    $2,368,450
    View Listing →
    Industrial Land Near Fort Wayne For Sale
    $2,368,450
    67.67 Acres

    Industrial Land Near Fort Wayne

    67.67 acre industrial land parcel for sale.

    3800 Meyer Rd, Fort Wayne, IN 46806
    View Listing
    Property ID
    US31-1749025
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial land

    Property Details for 3800 Meyer Rd

    Property type
    Industrial land
    Property subtype
    Commercial real estate

    Description

    The land site for sale is at the corner of Oxford St and Meyer Rd south of New Haven. This parcel is 67.67 acres, and it is zoned I3 - Heavy Industrial. The location has good traffic counts and is near a popular industrial sector of Fort Wayne, close to many businesses such as Indiana Auto Auction, Service Electric, Summit Mechanical Services, Trelleborg Sealing Solutions, and Google Data Center. The Meyer Road land is situated on the east side of Fort Wayne within an industrial corridor that is home to various businesses. It provides quick access to downtown New Haven, convenient access to I-469, and is a short drive away from downtown Fort Wayne.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.077559
    Latitude
    41.050699

    Comparable in this City

    • Contact for pricing

      Industrial Land in Fort Wayne

      Industrial land available in Fort Wayne's industrial park.
      4300 Allen Martin Dr, Fort Wayne, IN 46806
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      Industrial Land Parcel For Sale

      67.67 acre divisible industrial land parcel for sale.
      3800 Meyer Rd, Fort Wayne, IN 46806
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      Industrial Land in Fort Wayne

      33.92 acres in heavy industrial zone, city utilities available.
      4300 Allen Martin Dr, Fort Wayne, IN 46806
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      Pending

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      Commercial Land on Pontiac Street

      Land available for development with urban corridor zoning.
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      Land Parcel on McKinnie Avenue

      Land available on McKinnie Avenue, Fort Wayne.
      2225 Mckinnie Ave, Fort Wayne, IN 46806
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      Industrial Land in Fort Wayne

      Industrial land available in Fort Wayne's industrial park.
      4300 Allen Martin Dr, Fort Wayne, IN 46806
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    • Contact for pricing

      Industrial Land Parcel For Sale

      67.67 acre divisible industrial land parcel for sale.
      3800 Meyer Rd, Fort Wayne, IN 46806
      View Details
    • Contact for pricing

      Industrial Land in Fort Wayne

      33.92 acres in heavy industrial zone, city utilities available.
      4300 Allen Martin Dr, Fort Wayne, IN 46806
      View Details
    • Contact for pricing
      Pending

      Fort Wayne Commercial Land Available

      Land available for development with urban corridor zoning.
      1115 E Pontiac St, Fort Wayne, IN 46806
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    • $250,000
      2,178 SF

      Land Parcel on McKinnie Avenue

      Land available on McKinnie Avenue, Fort Wayne.
      2225 Mckinnie Ave, Fort Wayne, IN 46806
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      Pending

      Commercial Land on Pontiac Street

      Land available for development with urban corridor zoning.
      1117 E Pontiac St, Fort Wayne, IN 46806
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    Similar Nearby for Lease

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      Development Land Near Retail Anchors

      Land available near Walmart and Menards with high traffic counts.
      Decatur Rd, Fort Wayne, IN 46806
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    • $1,400 /Mo
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      Renovated Office Space Available

      Move-in ready office space with flexible layout in Fort Wayne.
      3109 Oxford St, Fort Wayne, IN 46806
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      7,000 SF

      Functional Warehouse Space Near I-69

      7,000 SF warehouse with dock doors and recent updates.
      4039-4149 N Clinton St, Fort Wayne, IN 46806
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    Fort Wayne, IN 46806
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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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