Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Strip malls
5315 Coldwater Rd Fort Wayne, IN 46825-5444
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US31-3249061
Property summary
AI-generated overview
Coldwater Crossing, located at 5315-5515 Coldwater Rd, Fort Wayne, IN 46825, presents a prime retail investment opportunity in Allen County. This multi-tenant commercial property boasts a total of 89,980 square feet, with two spaces currently available. The available spaces range in size from 4,000 to 80,000 square feet, offering flexibility for a variety of retail and/or medical businesses. The largest contiguous space available is 24,137 square feet. Situated in a thriving area of Fort Wayne, the second largest city in Indiana, this property benefits from a robust local economy driven by distribution, transportation, logistics, and healthcare. Fort Wayne's population is experiencing significant growth, making this a strategically advantageous location for businesses seeking to establish or expand their presence in a dynamic market. The property's address is easily accessible and provides excellent visibility for tenants. This is an exceptional opportunity to secure retail space in a high-growth area with a strong economic foundation. Contact us today to learn more about the available spaces and lease terms.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1989
Construction
TYPE NOT SPECIFIED
Total area
22,332 SF
Lot
19.68 ac (857,261 SF)
APN
02-07-23-226-006.002-073
UPID
US31-3249061
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
-
Once Upon A Child Fort Wayne Clothing Store Baby Store
-
SameDay Payday Loans Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$685k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$880k
Blend (final)
Blend
$780k
Owner & transaction history
5315 Coldwater Crossing LLC · 1 yrs held
5315 Coldwater Crossing LLC
since 2025
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.3M
+95.6%
Retail stores
$1.1M
+67.4%
Auto repair, garage
$890,000
+37.9%
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
$685,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$645,000
Current use
MEDICAL BUILDING
$1,260,000
Change: +96% · Conversion: Difficult
RETAIL STORES
$1,080,000
Change: +67% · Conversion: Easy
AUTO REPAIR, GARAGE
$890,000
Change: +38% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$685,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$780k
Range $702k – $858k · ±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
$35 / 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
$112,721
Tax year 2023
Assessed value
$4,255,900
Assessed 2023
Previous assessed
$4,255,900
+0.0% YoY
Effective rate
2.65%
On assessed value
Assessed land
$2,952,000
Assessed improvement
$1,303,900
Land market value
$2,952,000
Improvement market value
$1,303,900
Total market value
$4,255,900
Applied tax rate
80.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1989
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
4
Stories
1
Total area
22,332 SF
Lot
19.68 ac (857,261 SF)
APN
02-07-23-226-006.002-073
UPID
US31-3249061
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$645,000
MEDICAL BUILDING
Est. value
$1.3M
RETAIL STORES
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$890,000
INDUSTRIAL (GENERAL)
Est. value
$685,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1989
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Buildings
4
Lot
19.68 ac
Current owner
From public records · entity-resolved
5315 Coldwater Crossing LLC
Entity
Free & Clear · 1 yrs held
Mailing address
4334 GLENDALE MILFORD RD, BLUE ASH, OH 45242-3706
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2026
—
5135 Coldwater Crossing LLC
—
Deed
related
$1,200,000 · Royal Commercial Corporation
Apr 10, 2025
—
5315 Coldwater Crossing LLC
Hauck Holdings Fort Wayne LLC
Special Warranty Deed
—
Oct 9, 2019
—
Hauck Holdings Fort Wayne LLC
Casto Dw II LLC
Limited Warranty Deed
$5,960,000 · First Financial Bank
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 5315 Coldwater Rd?
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.
