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Property profile & analytics
FOR SALE
Commercial real estate

4321 Norarrow Dr Fort Wayne, IN 46845

3.71 ac lot
Property ID
US31-3369672
Property summary
AI-generated overview

This exceptional 3.71-acre commercial land parcel presents a unique development opportunity in Fort Wayne, Indiana. Ideally situated on Norarrow Drive, between Union Chapel and Dupont Roads, this property boasts unparalleled visibility and accessibility. Its prime location directly across from Parkview Regional Hospital and its extensive medical complex offers significant advantages. The property benefits from convenient access to I-69 via nearby on and off ramps at both Union Chapel and Dupont Roads, ensuring easy commutes and high traffic flow. This high-growth area is experiencing a surge in commercial and medical expansion, making this land a strategic investment. All utilities are readily available, and excellent on-site drainage simplifies the development process. The asking price is $822,500. This property can be purchased in conjunction with adjacent parcels, totaling 10.71 acres for a combined price of $2,350,000. This presents a rare chance to capitalize on the flourishing commercial activity in this dynamic Fort Wayne location. The property is zoned for commercial and residential use, offering flexibility for various development plans. Allen County location and 46845 zip code.

Property profile
Verified
Property type Commercial real estate
Lot 3.71 ac (161,608 SF)
UPID US31-3369672
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
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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