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Property profile & analytics
FOR SALE
Commercial real estate

4121 Norarrow Dr Fort Wayne, IN 46845

4 ac lot
Property ID
US31-3399493
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Lot 4 ac (174,240 SF)
UPID US31-3399493
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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