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Property profile & analytics
OFF-MARKET
Parking lots & garages
4220 Bluffton Rd Fort Wayne, IN 46809-1752
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US31-0990270
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1957
Lot
0.36 ac (15,682 SF)
APN
02-12-22-102-008.000-074
UPID
US31-0990270
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
-
Stitch N Frame (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
2121 Engle Rd LLC · 1 yrs held
2121 Engle Rd LLC
since 2024
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,666
Tax year 2023
Assessed value
$61,800
Assessed 2023
Previous assessed
$61,800
+0.0% YoY
Effective rate
2.70%
On assessed value
Assessed land
$18,000
Assessed improvement
$43,800
Land market value
$18,000
Improvement market value
$43,800
Total market value
$61,800
Applied tax rate
91.0000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1957
Heating
NONE
Lot
0.36 ac (15,682 SF)
APN
02-12-22-102-008.000-074
UPID
US31-0990270
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
1957
Heating
NONE
Lot
0.36 ac
Current owner
From public records · entity-resolved
2121 Engle Rd LLC
Entity
Mailing address
520 10TH AVE, FORT WAYNE, IN 46805-4118
Ownership since
2024
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
Jul 30, 2024
—
2121 Engle Rd LLC
Hb Realty LLC
Limited Warranty Deed
$1,170,000 · Notre Dame FCU
Apr 2, 2019
$757,500
Hb Realty LLC
Western Property Services INC
Warranty Deed
$318,415 · First Federal Savings Bank
Mar 26, 2019
$675,000
Western Property Srvices INC
Panther Ridge Development LLC
Quit Claim Deed
related
—
Mar 26, 2019
—
Panther Ridge Development LLC
Indiana Land Trust Company
Deed
—
Apr 19, 2016
—
Indiana Land Trust Co
Panther Ridge Development LLC
Deed
—
Mar 23, 2016
$475,000
Panther Ridge Development LLC
Ktksb Enterprises I LLC
Deed
$380,000 · The Hicksville Bank
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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