4121 Norarrow Dr Fort Wayne, IN 46845
For Sale
1 / 6
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.
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.