Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Manufacturing properties
5025 New Hvn Ave Fort Wayne, IN 46803-3022
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US31-0872835
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1959
Construction
TYPE NOT SPECIFIED
Total area
31,080 SF
Lot
6.27 ac (273,121 SF)
APN
02-13-09-153-009.000-041
UPID
US31-0872835
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
Current use
Occupant on record · Public records
-
Hercules Machinery Corporation Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$810k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$935k
Owner & transaction history
Tc Ftwayne 1 LLC · 3 yrs held
Tc Ftwayne 1 LLC
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$870,000
+26.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fort Wayne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Wayne submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$810,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$690,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$870,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$30 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$23,958
Tax year 2023
Assessed value
$960,500
Assessed 2023
Previous assessed
$960,500
+0.0% YoY
Effective rate
2.49%
On assessed value
Assessed land
$94,100
Assessed improvement
$866,400
Land market value
$94,100
Improvement market value
$866,400
Total market value
$960,500
Applied tax rate
50.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1959
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
5
Stories
1
Total area
31,080 SF
Lot
6.27 ac (273,121 SF)
APN
02-13-09-153-009.000-041
UPID
US31-0872835
Jurisdiction
ALLEN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$690,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$870,000
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1959
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Buildings
5
Lot
6.27 ac
Current owner
From public records · entity-resolved
Tc Ftwayne 1 LLC
Entity
Mailing address
5025 NEW HVN AVE, FORT WAYNE, IN 46803-3022
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2023
—
Tc Ftwayne 1 LLC
Atlas Real Estate LLC
Special Warranty Deed
$25,000,000 · Academy Bank NA
Nov 15, 2022
—
Hercules Machinery Corporation LLC
Atlas Real Estate LLC
Lease
—
Jul 7, 2021
—
Titan Metal Worx LLC
Atlas Real Estate LLC
Lease
—
Dec 2, 2020
—
Atlas Real Estate LLC
—
Deed
related
$569,449 · Star Financial Bank
Mar 18, 2019
—
Atlas Real Estate LLC
—
Deed
related
$500,000 · Star Financial Bank
Mar 15, 2019
—
Atlas Real Estate LLC
Hercules Machinery Corporation LLC
Warranty Deed
—
Mar 14, 2019
—
Atlas Real Estate LLC
—
Deed
related
$1,265,164 · Star Financial Bank
Jun 3, 2016
—
Hercules Machinery Corp
—
Deed
related
—
Dec 29, 2011
—
Hercules Machinery Corporation
Innovative Pile Driving Products Ll
Warranty Deed
$501,500 · Jpmorgan Chase Bank NA
Oct 26, 2006
—
Innovative Pile Driving Products Ll
Hjdj Family LP
Corporation Deed
$464,025 · Hjdj Family
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5025 New Hvn Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
