Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4621 Speedway Dr Fort Wayne, IN 46825-5236

    • Retail space
    • 24,350 SF
    • 1.68 lot acres
    OFF-MARKET
    Last Sale
    Aug 17, 2020
    Value Estimations
    $905,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-0393981
    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

    • Country Kitchen SweetArt / Baking Supply Store / Cake Decorating Equipment Shop

    Property Details for 4621 Speedway Dr

    Year built
    1984
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.68 lot acres
    Property size
    24,350 SF
    Property type
    Retail space
    APN
    02-07-23-452-003.000-073
    APU
    20723452003000073

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $685,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,123,000
      Market price range: $798k - $4.09M
      AI Estimate
      $684,000
      Market price range: $684k - $1.55M

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.1435
    Latitude
    41.1206
    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
    $24,499
    $219,300
    $709,700
    $929,000
    -
    $219,300
    $709,700
    $929,000

    Comparable in this City

    • Value Estimation
      $505,000
      3,500 SF

      4707 Dupont Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,500 SF
      4707 Dupont Rd, Fort Wayne, IN 46825-1756
      View Details
    • Value Estimation
      $460,000
      7,296 SF

      3718 Dupont Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,296 SF
      3718 Dupont Rd, Fort Wayne, IN 46825-2454
      View Details
    • Value Estimation
      $590,000
      10,734 SF

      1615 Dupont Rd

      RETAIL STORES (PERSONAL SERVICES) • 10,734 SF
      1615 Dupont Rd, Fort Wayne, IN 46825-1003
      View Details
    • Value Estimation
      $565,000
      3,840 SF

      4411 Coldwater Rd, Unit 4501

      RETAIL STORES (PERSONAL SERVICES) • 3,840 SF
      4411 Coldwater Rd, Fort Wayne, IN 46825-5522
      View Details
    • Value Estimation
      $820,000
      20,160 SF

      1121 Washington Ctr Rd

      RETAIL STORES (PERSONAL SERVICES) • 20,160 SF
      1121 Washington Ctr Rd, Fort Wayne, IN 46825-4140
      View Details
    • Value Estimation
      $470,000
      10,219 SF

      1111 Dupont Rd

      RETAIL STORES (PERSONAL SERVICES) • 10,219 SF
      1111 Dupont Rd, Fort Wayne, IN 46825-1555
      View Details

    Similar Nearby for Sale

    • $1,500,000
      3,948 SF

      Dupont Road Retail Investment

      Prime Fort Wayne storefront, high traffic.
      2929 Dupont Rd, Fort Wayne, IN 46825
      View Details
    • $3,575,000
      5,540 SF

      Fort Wayne Retail Opportunity

      Retail space near shopping, dining, and a major hospital.
      10180 Diebold Rd, Fort Wayne, IN 46825
      View Details
    • $475,000
      6,608 SF

      Retail Space on Wells Street

      Retail property available for lease or sale on Wells Street.
      1643-1645 North Wells Street Ext, Fort Wayne, IN 46825
      View Details
    • $995,000
      2,740 SF

      Retail Redevelopment Opportunity

      Retail space for sale at lighted intersection.
      5911 N Clinton St, Fort Wayne, IN 46825
      View Details
    • $275,000

      Fort Wayne Restaurant & Retail Site

      Prime Location, High Potential, $275,000
      1508 Hill Dr, Fort Wayne, IN 46825
      View Details
    • $595,000
      0.87 Acres

      Fort Wayne Retail Opportunity

      High-traffic, Costco-adjacent lot
      5050 Value Dr, Fort Wayne, IN 46825
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      50,094 SF

      Leo Crossing Retail Center

      Prime Retail Space Available
      10330 Leo Rd, Fort Wayne, IN 46825
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space Near Glenbrook Square

      Retail space available in Fort Wayne's main retail hub.
      4501-4507 Coldwater Rd, Fort Wayne, IN 46825
      View Details
    • $18 SF/Yr
      2,403 SF

      Redeveloped Retail Space with Visibility

      High-visibility retail space in a redeveloped mixed-use building.
      379-395 W Washington Center Rd, Fort Wayne, IN 46825
      View Details
    • Contact for pricing
      35,400 SF

      Retail Spaces in JoAnn Plaza

      Retail rental spaces available in Fort Wayne's JoAnn Plaza.
      4616-4738 Coldwater Rd, Fort Wayne, IN 46825
      View Details
    • Contact for pricing
      7,700 SF

      Retail Space on Dupont Road

      New retail development with high visibility and access.
      4500 E Dupont Rd, Fort Wayne, IN 46825
      View Details
    • $15 SF/Yr
      1,100 SF

      Prime Retail Space in Fort Wayne

      Exceptional leasing opportunity in a high-traffic retail corridor.
      10376 Leo Rd, Fort Wayne, IN 46825
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4621 Speedway Dr
    Fort Wayne, IN 46825-5236
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.