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    Property profile & analytics

    4740 Lima Rd Fort Wayne, IN 46808-1204

    • Auto shops
    • 23,845 SF
    • 3.49 lot acres
    OFF-MARKET
    Value Estimation
    $650,000
    Location Intelligence
    Property ID
    US31-1100805
    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

    • Don Ayres Honda / Car Dealer / Car Finance And Loan Company
    • Don Ayres Honda Service / Auto Parts Store / Car Battery Store
    • Don Ayres Honda Parts / Auto Parts Store / Car Accessories Store
    • Honda Rick Kruger / Car Dealer

    Property Details for 4740 Lima Rd

    Year built
    1984
    Construction
    TYPE NOT SPECIFIED
    Lot size
    3.49 lot acres
    Property size
    23,845 SF
    Property type
    Auto shops
    APN
    02-07-23-359-001.000-073
    APU
    20723359001000073

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $655,000

    • CAP approach

      CAP return
      Estimation
      6%
      $645,000
      6.5%
      $645,000
      7%
      $690,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $615,000
      Geo Method
      $735,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $645,000
      Retail
      $695,000
      Mixed-Use
      $795,000
      Hospitality
      $615,000
      Educational
      $590,000
      Residential Income
      $585,000
      Energy
      $800,000
      Income-Based Land
      $630,000
      Food Service
      $645,000

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.1505
    Latitude
    41.1212
    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
    $29,502
    $608,100
    $510,600
    $1,118,700
    -
    $608,100
    $510,600
    $1,118,700

    Comparable in this City

    • Value Estimation by Request
      1,800 SF

      1919 Tyler Ave

      AUTO REPAIR, GARAGE • 1,800 SF
      1919 Tyler Ave, Fort Wayne, IN 46808-2256
      View Details
    • Value Estimation by Request
      26,762 SF

      4740 Lima Rd

      AUTO REPAIR, GARAGE • 26,762 SF
      4740 Lima Rd, Fort Wayne, IN 46808-1204
      View Details
    • Value Estimation by Request
      1,035 SF

      1401 Main St

      AUTO REPAIR, GARAGE • 1,035 SF
      1401 Main St, Fort Wayne, IN 46808-3336
      View Details
    • Value Estimation
      $205,000
      4,380 SF

      301 State Blvd

      AUTO REPAIR, GARAGE • 4,380 SF
      301 State Blvd, Fort Wayne, IN 46808-3134
      View Details
    • Value Estimation
      $385,000
      11,744 SF

      2530 Charleston Pl

      AUTO REPAIR, GARAGE • 11,744 SF
      2530 Charleston Pl, Fort Wayne, IN 46808-1385
      View Details
    • Value Estimation
      $300,000
      5,220 SF

      630 High St

      AUTO REPAIR, GARAGE • 5,220 SF
      630 High St, Fort Wayne, IN 46808-3441
      View Details

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    Similar Nearby for Lease

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      Retail space available in a well-established shopping center.
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    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in a professionally managed center.
      1575 Goshen Rd, Fort Wayne, IN 46808
      View Details
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    Fort Wayne, IN 46808-1204
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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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