3810 State Blvd Fort Wayne, IN 46805-4947
Property profile & analytics
3810 State Blvd Fort Wayne, IN 46805-4947
- Retail space
- 6,763 SF
- 0.97 lot acres
Property ID
US31-0229895
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
- Advance Auto Parts / Auto Parts Store
- UPS Access Point location / Courier Service / Postal Service
Property Details for 3810 State Blvd
- Year built
- 1998
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.97 lot acres
- Property size
- 6,763 SF
- Property type
- Retail space
- APN
- 02-08-32-326-003.000-072
- APU
- 20832326003000072
Description
This exceptional investment opportunity presents a 7,000 square foot Advance Auto Parts retail property located at 3810 East State Boulevard, Fort Wayne, Indiana, 46805. The property sits on a one-acre lot and boasts a strong 7.50% cap rate, generating a net operating income (NOI) of $54,500 annually. The current lease, with Advance Auto Parts, a publicly traded company (NYSE: AAP), has a remaining term of approximately 3.6 years, expiring June 30, 2028, and includes one five-year renewal option. The lease commenced December 4, 1998, demonstrating a long-standing presence at this prime location. The tenant is backed by a corporate guarantee, mitigating investment risk. The asking price is $726,667, translating to $103.81 per square foot. Rent increases are built into the lease, with a 50-cent-per-square-foot bump at the option period. The property benefits from its location in a thriving area of Fort Wayne, a city with a population exceeding 265,000 residents, and proximity to other national retailers such as Lowe's, Harbor Freight Tools, McDonald's, and more. This is a rare opportunity to acquire a stable, high-performing retail asset with a long history of success and a secure future. The automotive parts sector is considered recession-proof due to the consistent demand for parts from both local shops and DIY mechanics.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,085,000
- 6.5%
- $1,000,000
- 7%
- $930,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $648,000
Market price range: $216k - $648k
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Fort Wayne
- County
- Allen
- State
- Indiana
- Longitude
- -85.0921
- Latitude
- 41.0972
- 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
$18,163
$341,000
$346,600
$687,600
-
$341,000
$346,600
$687,600
