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    Property profile & analytics

    424 Merkler St Fort Wayne, IN 46825-5228

    • Auto shops
    • 26,646 SF
    • 2.42 lot acres
    OFF-MARKET
    Value Estimation
    $490,000
    Location Intelligence
    Property ID
    US31-0106373
    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

    • Glass America / Auto Glass Shop
    • Gerber Collision & Glass / Auto Body Shop / Auto Bodywork Mechanic

    Property Details for 424 Merkler St

    Year built
    1966
    Construction
    TYPE NOT SPECIFIED
    Lot size
    2.42 lot acres
    Property size
    26,646 SF
    Property type
    Auto shops
    APN
    02-07-23-376-004.000-073
    APU
    20723376004000073

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $505,000

    • CAP approach

      CAP return
      Estimation
      6%
      $495,000
      6.5%
      $435,000
      7%
      $435,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $490,000
      Geo Method
      $510,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $565,000
      Retail
      $425,000
      Mixed-Use
      $560,000
      Hospitality
      $510,000
      Educational
      $495,000
      Residential Income
      $435,000
      Energy
      $570,000
      Income-Based Land
      $550,000
      Food Service
      $435,000

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.1482
    Latitude
    41.1203
    CBSA code
    23060
    CBSA name
    FORT WAYNE, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $11,986
    $159,900
    $294,600
    $454,500
    -
    $159,900
    $294,600
    $454,500

    Comparable in this City

    • Value Estimation by Request
      25,607 SF

      1620 Northland Blvd

      AUTO REPAIR, GARAGE • 25,607 SF
      1620 Northland Blvd, Fort Wayne, IN 46825-6555
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    • Value Estimation by Request
      13,970 SF

      9962 Diebold Rd

      AUTO REPAIR, GARAGE • 13,970 SF
      9962 Diebold Rd, Fort Wayne, IN 46825-2424
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    • Value Estimation
      $225,000
      3,264 SF

      8549 Clinton St

      AUTO REPAIR, GARAGE • 3,264 SF
      8549 Clinton St, Fort Wayne, IN 46825-3125
      View Details
    • Value Estimation by Request
      9,100 SF

      5742 Industrial Rd

      AUTO REPAIR, GARAGE • 9,100 SF
      5742 Industrial Rd, Fort Wayne, IN 46825-5128
      View Details
    • Value Estimation
      $345,000
      1,478 SF

      4511 Parnell Ave

      AUTO REPAIR, GARAGE • 1,478 SF
      4511 Parnell Ave, Fort Wayne, IN 46825-5835
      View Details
    • Value Estimation
      $290,000
      7,000 SF

      219 Collins Rd

      AUTO REPAIR, GARAGE • 7,000 SF
      219 Collins Rd, Fort Wayne, IN 46825
      View Details

    Similar Nearby for Sale

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      Prime Fort Wayne Auto Shop, Vacant
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      Land suitable for restaurant or retail development in Fort Wayne.
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    Similar Nearby for Lease

    • Contact for pricing
      1,316 SF

      Retail Space on Coldwater Road

      Retail property in high-traffic area near Glenbrook Mall.
      4535 Coldwater Rd, Fort Wayne, IN 46825
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    • $8 SF/Yr
      1,400 SF

      Retail Space in High-Traffic Corridor

      Prime retail location with high visibility and flexible unit sizes.
      4518-4734 Parnell Ave, Fort Wayne, IN 46825
      View Details
    • $14 SF/Yr
      2,464 SF

      Retail Space in Leo Shoppes

      Multi-tenant retail space available in a high-traffic location.
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    • $11 SF/Yr
      9,000 SF

      Retail Space Near Glenbrook Mall

      Retail space available near Coliseum Blvd and Glenbrook Mall.
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    • $17 SF/Yr
      78,225 SF

      Hard Corner Shopping Center Space

      Excellent shopping center with high visibility and easy access.
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      View Details
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    424 Merkler St
    Fort Wayne, IN 46825-5228
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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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