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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Retail space
402 Scott Rd Fort Wayne, IN 46814-9702
Individually Owned
Free & Clear
Property ID
US31-0498065
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2005
Construction
TYPE NOT SPECIFIED
Total area
6,171 SF
Lot
1.68 ac (73,181 SF)
APN
02-11-03-328-005.000-038
UPID
US31-0498065
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
-
Mac Training Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$910k
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$880k
Owner & transaction history
Brd Of Commissioners Of Cnty Of All
Brd Of Commissioners Of Cnty Of All
since 2025
Last sale
$2,050
6 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$990,000
6.5%
$910,000
7%
$845,000
Blend value · Realmo final
$880k
Range $792k – $968k · ±10% · vs last sale $2k (Jun 19 2025)
Last sale anchor
$2k
Jun 19 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$143 / SF
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
$22,216
Tax year 2023
Assessed value
$1,413,500
Assessed 2023
Previous assessed
$1,413,500
+0.0% YoY
Effective rate
1.57%
On assessed value
Assessed land
$146,400
Assessed improvement
$1,267,100
Land market value
$146,400
Improvement market value
$1,267,100
Total market value
$1,413,500
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2005
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
2
Stories
1
Total area
6,171 SF
Lot
1.68 ac (73,181 SF)
APN
02-11-03-328-005.000-038
UPID
US31-0498065
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
2005
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Buildings
2
Lot
1.68 ac
Current owner
From public records · entity-resolved
Brd Of Commissioners Of Cnty Of All
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 25627, FORT WAYNE, IN 46825-0627
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2025
—
Brd Of Commissioners Of Cnty Of All
Sycamore Retirement LLC
Quitclaim Deed
related
—
Sep 19, 2025
$2,050
Brd Of Commissioners Of Cnty Of All
Sycamore Pointe Holdings LLC
Warranty Deed
—
Sep 27, 2016
—
Sycamore Pointe Holdings LLC
—
Deed
related
$1,840,000 · First Federal Bank Of The Midwest
Jun 10, 2009
$150,000
Sycamore Retirement LLC
Sycamore Pointe Holdings LLC
Corporation Deed
—
May 10, 2007
—
Neil Schroeder
Avi Group LLC
Warranty Deed
$660,000 · Sky Bank
Sep 19, 2006
—
The Board Of Commissioners County A
Avi Group INC
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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