Technical
Financial
Distress signals
Property profile

5050 Value Dr Fort Wayne, IN 46825

FOR SALE
Turn key restaurants
Property ID
US31-0235400
6,066 SF 2.41 ac lot Built 2014
Entity Owned 12-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 5,040 square foot vacant commercial lot, located at 5050 Value Dr, Fort Wayne, IN 46825, presents a prime retail or hospitality investment opportunity. Boasting 0.87 acres and a highly visible 60-foot frontage on heavily trafficked Lima Road/US 27, this property benefits from its proximity to major thoroughfares, including I-69, ensuring exceptional exposure to a large customer base. The site's strategic location adjacent to a Costco and Long Horn Steakhouse guarantees high foot traffic and brand synergy. The area is further enhanced by its proximity to Glenbrook Mall, Fort Wayne Children's Zoo, and numerous other attractions, creating a vibrant and dynamic environment. The property's I-2 General Industrial zoning allows for a variety of commercial uses. Daily traffic counts on Lima Road/US 27 exceed 51,000 vehicles, while I-69 sees over 70,000 vehicles daily, underscoring the significant potential for business growth. The property's APN is 02-07-22-276-002.000.073. This is a rare opportunity to acquire a highly visible, well-located parcel in a thriving commercial corridor. The asking price is $595,000.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2014
Construction WOOD
Total area 6,066 SF
Lot 2.41 ac (104,849 SF)
APN 02-07-22-276-002.000-073
UPID US31-0235400

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

5050 Value Dr Fort Wayne, IN 46825
Fort Wayne metro Census 980002 FORT WAYNE, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$380k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$440k

Owner & transaction history

since 2013
3 recorded transactions
2013
Price N/A
2013
$4.6M
2013
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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