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    Property profile & analytics

    4121 Norarrow Dr Fort Wayne, IN 46845

    • Commercial real estate
    • 4.00 lot acres
    For Sale
    View listing
    $599,900
    Value Estimation
    Location Intelligence
    Property ID
    US31-3399493
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 4121 Norarrow Dr

    Lot size
    4.00 lot acres
    Property type
    Commercial real estate

    Description

    Exceptional commercial development opportunity in Fort Wayne, Indiana. This 4-acre parcel, part of a larger 10.71-acre offering (total price $2,350,000), is ideally situated on Norarrow Drive, directly across from Parkview Regional Hospital. Its location offers unparalleled visibility and convenience, with easy access to I-69 via nearby Union Chapel and Dupont Roads. The area is experiencing significant commercial and medical expansion, making this a strategic investment. All utilities are readily available, and the site features excellent drainage, ensuring a streamlined development process. This property presents a rare chance to capitalize on the growth in this thriving commercial hub. The property is being sold with two adjacent parcels (4321 and 4421 Norarrow Dr) to comprise the total acreage. The asking price reflects this 4-acre parcel only. This is a high-demand location with strong potential for various commercial or multi-family developments.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.0921475
    Latitude
    41.1926173

    Comparable in this City

    • $658,000
      3.00 Acres

      Fort Wayne Commercial Land - $658,000

      3-Acre Commercial Development Site
      4421 Norarrow Dr, Fort Wayne, IN 46845
      View Details
    • $875,000
      2.58 Acres

      Prime Fort Wayne Residential Land

      2.58 Acres, $875,000 - Build Your Dream Home
      4031 Norarrow Dr, Fort Wayne, IN 46845
      View Details
    • $699,000
      4.11 Acres

      Coldwater Rd Redevelopment Opportunity

      4.11 Acres, Fort Wayne, IN
      11329 Coldwater Rd, Fort Wayne, IN 46845
      View Details
    • $1,050,000
      5,468 SF

      Spacious Villa with Finished Basement

      Custom 3-bedroom villa with finished basement and residential elevator.
      1618 Autumn Run, Fort Wayne, IN 46845
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    • $3,500,000
      32.10 Acres

      Fort Wayne Agricultural Land Available

      32.1 acres of agricultural land for sale.
      12700 State Rd 3 Hwy, Fort Wayne, IN 46845
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    • $289,900
      1.00 Acre

      Residential Land in Magnolia Run

      Almost one acre lot in high-end Magnolia Run neighborhood.
      1071 Sweetbay St, Fort Wayne, IN 46845
      View Details

    Similar Nearby for Sale

    • $658,000
      3.00 Acres

      Fort Wayne Commercial Land - $658,000

      3-Acre Commercial Development Site
      4421 Norarrow Dr, Fort Wayne, IN 46845
      View Details
    • $699,000
      4.11 Acres

      Coldwater Rd Redevelopment Opportunity

      4.11 Acres, Fort Wayne, IN
      11329 Coldwater Rd, Fort Wayne, IN 46845
      View Details
    • $875,000
      2.58 Acres

      Prime Fort Wayne Residential Land

      2.58 Acres, $875,000 - Build Your Dream Home
      4031 Norarrow Dr, Fort Wayne, IN 46845
      View Details
    • $1,050,000
      5,468 SF

      Spacious Villa with Finished Basement

      Custom 3-bedroom villa with finished basement and residential elevator.
      1618 Autumn Run, Fort Wayne, IN 46845
      View Details
    • $3,500,000
      32.10 Acres

      Fort Wayne Agricultural Land Available

      32.1 acres of agricultural land for sale.
      12700 State Rd 3 Hwy, Fort Wayne, IN 46845
      View Details
    • $289,900
      1.00 Acre

      Residential Land in Magnolia Run

      Almost one acre lot in high-end Magnolia Run neighborhood.
      1071 Sweetbay St, Fort Wayne, IN 46845
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Development in High-Growth Area

      New retail development with high visibility in growing Huntertown area.
      1955 Copper Mine Psge, Fort Wayne, IN 46845
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    • $15 SF/Yr

      Watersong Office Park Space

      Office space for lease in Watersong Office Park.
      12820-C Coldwater Rd, Fort Wayne, IN 46845
      View Details
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    4121 Norarrow Dr
    Fort Wayne, IN 46845
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    Realmo Value Estimation

    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.

    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.

    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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