Technical
Financial
Distress signals
Property profile

4224 Coldwater Rd Fort Wayne, IN 46805

FOR SALE
Retail space
Property ID
US31-1002123
10,132 SF 0.87 ac lot Built 1990
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 10,010-square-foot free-standing retail building, located at 4224 Coldwater Road in Fort Wayne, Indiana, presents a significant opportunity for businesses seeking high visibility and substantial space. Built in 1990, this single-story structure sits on a 0.87-acre lot and is zoned I1/Limited Industrial, offering flexibility for various commercial uses. The entire building is currently vacant, providing a blank canvas for a new tenant to customize the space to their specific needs. The property boasts excellent visibility and high traffic counts, further enhanced by the availability of pylon signage. A negotiable sale price and a flexible lease rate of $17.00 per square foot (NNN) are available, making this an attractive option for both buyers and lessees. The property's address is 4224 Coldwater Rd, Fort Wayne, IN 46805, and its APN is 02-07-25-101-004.000-073. This prime location offers unparalleled potential for businesses seeking to establish a strong presence in a high-traffic area. The property's single-tenancy nature ensures complete control and customization for the occupant. Don't miss this chance to secure a strategically positioned space to elevate your business.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1990
Construction TYPE NOT SPECIFIED
Total area 10,132 SF
Lot 0.87 ac (37,897 SF)
APN 02-07-25-101-004.000-073
UPID US31-1002123

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

4224 Coldwater Rd Fort Wayne, IN 46805
Fort Wayne metro Census 3304 FORT WAYNE, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.30M
Blend (final) Blend
$435k

Owner & transaction history

since 2024
2 recorded transactions
2024
Price N/A
2016
$2.1M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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