4031 Norarrow Dr Fort Wayne, IN 46845
For Sale
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This exceptional 2.58-acre commercial land parcel, located at 4031 Norarrow Drive in Fort Wayne, Indiana, presents a unique investment opportunity. Boasting a substantial 112,385 square feet of potential development space, this property is ideally situated within a rapidly expanding area of Allen County, experiencing significant growth fueled by nearby developments, including the new Parkview Regional Hospital. The property's strategic location offers unparalleled access to key infrastructure and amenities, making it an attractive prospect for a wide range of commercial ventures. The asking price for this prime commercial land is $875,000. Given the current market trends and the ongoing development in the surrounding area, this property represents a compelling investment with significant potential for future appreciation. The property is zoned for commercial use (specific zoning details should be independently verified). This is a rare opportunity to acquire a large parcel of land in a high-growth area of Fort Wayne, offering substantial development potential for discerning investors. The zip code is 46845-9265. The property's coordinates are 41.1919755 latitude and -85.0929353 longitude. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.