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    Property profile & analytics

    4242 Dupont Rd Fort Wayne, IN 46825

    • Outlet malls
    • 20.04 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-3161494
    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

    • Western Union / Bank / Credit Union
    • Meijer / Specialty Food Shop / Supermarket
    • Meijer Deli / Food Market / Restaurant
    • Meijer Bakery / Bakery / Specialty Food Shop
    • Quick-Tag / (Bike/Boat/Book/etc) Store / Pet Store & Service

    Property Details for 4242 Dupont Rd

    Year built
    2021
    Construction
    TYPE NOT SPECIFIED
    Lot size
    20.04 lot acres
    Property type
    Outlet malls
    APN
    02-08-05-200-022.002-063
    APU
    20805200022002063

    Description

    This exceptional retail opportunity presents two available spaces within a high-traffic Meijer store in Fort Wayne, Indiana, at 4242 East DuPont Rd, zip code 46825. Located in Allen County, the spaces offer prime, front-of-store visibility, attracting thousands of weekly customers. Units range from 767 to 944 contiguous square feet, with a total of 1,711 vacant square feet available. The all-inclusive monthly fee covers real estate taxes, property insurance, CAM charges, and utilities. Excellent branding opportunities exist, both inside and outside the store. This "store-within-a-store" concept is ideal for various businesses, including financial institutions, food and beverage vendors, service providers, and health and wellness businesses. The property benefits from strong demographics and high foot traffic, making it an attractive location for businesses seeking significant customer exposure. This is a unique opportunity to establish a presence in a well-known Midwest retail destination.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.0899
    Latitude
    41.1766
    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
    $166,014
    $4,508,600
    $6,700,600
    $11,209,200
    -
    $4,508,600
    $6,700,600
    $11,209,200

    Comparable in this City

    • Value Estimation
      $2,035,000
      76,103 SF

      5517 Coldwater Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 76,103 SF
      5517 Coldwater Rd, Fort Wayne, IN 46825-5448
      View Details
    • Value Estimation
      $5,450,000
      206,522 SF

      5311 Coldwater Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 206,522 SF
      5311 Coldwater Rd, Fort Wayne, IN 46825-5444
      View Details
    • Value Estimation
      $5,715,000
      91,445 SF

      602 Dupont Rd, Unit 714

      WHOLESALE OUTLET, DISCOUNT STORE • 91,445 SF
      602 Dupont Rd, Fort Wayne, IN 46825-2054
      View Details
    • Value Estimation by Request
      11,100 SF

      4714 Speedway Dr, Unit 4722

      WHOLESALE OUTLET, DISCOUNT STORE • 11,100 SF
      4714 Speedway Dr, Fort Wayne, IN 46825-5239
      View Details
    • Value Estimation
      $550,000
      13,668 SF

      5115 Dupont Rd

      SHOPPING CENTER, STRIP CENTER • 13,668 SF
      5115 Dupont Rd, Fort Wayne, IN 46825-1752
      View Details
    • Value Estimation by Request
      17,836 SF

      2890 Dupont Rd

      SHOPPING CENTER, STRIP CENTER • 17,836 SF
      2890 Dupont Rd, Fort Wayne, IN 46825-1669
      View Details

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    Similar Nearby for Lease

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      Prime retail location with high visibility and flexible unit sizes.
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      Retail Space on Coldwater Road

      Retail space in high-growth commercial area near residential neighborhoods.
      602-714 E Dupont Rd, Fort Wayne, IN 46825
      View Details
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    Fort Wayne, IN 46825
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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