Property profile

3812 Illinois Rd Fort Wayne, IN 46804

OFF-MARKET
Parking lots & garages
Property ID
US31-0585964
3.81 ac lot Built 1970
Entity Owned 20-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

The property consists of commercial land located across from Jefferson Pointe Mall, with zoning classified as C3 General Commercial. The site is positioned near major thoroughfares, with daily traffic counts reported as 19,479 vehicles on Hillegas Road, 11,536 vehicles on Illinois Road, and 39,840 vehicles on Jefferson Boulevard. The land includes outlot opportunities and is referenced as 17.5 acres of development land suitable for commercial development within the applicable zoning.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING LOT
Year built 1970
Lot 3.81 ac (165,964 SF)
APN 02-12-05-477-008.000-074
UPID US31-0585964

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3812 Illinois Rd Fort Wayne, IN 46804-1202
Fort Wayne metro Census 11501 FORT WAYNE, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$335k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

since 2005
1 recorded transaction
2005
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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