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Property profile & analytics
OFF-MARKET
Industrial land
5620 Industrial Rd, Fort Wayne, IN 46825-5126
Entity Owned
21-yr Hold
Free & Clear
Property ID
US31-1145110
Property summary
AI-generated overview
This exceptional Class A office and flex space, located at 5620 Industrial Road in Fort Wayne, Indiana, offers 15,460 square feet of immediately available space in a multi-tenant building. The property, situated on a 4.36-acre lot, boasts a total of 66,886 square feet across a two-story building constructed in 1964 and extensively renovated in 2006. Units are divisible to a minimum of 7,700 square feet, with a maximum contiguous space of 15,460 square feet currently vacant. The building features 170 parking spaces and elevators for convenient access. Its I2/General Industrial zoning allows for a variety of uses. This prime location within an established industrial park provides easy access to I-69, along with nearby professional offices, restaurants, and shopping amenities. The property's high-quality construction and recent renovations ensure a modern and efficient workspace. Allen County APN: 02-07-23-129-005.000-073. Zip code: 46825.
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
0.83 ac (36,155 SF)
APN
02-07-23-129-006.000-073
UPID
US31-1145110
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
-
HIGHWAY SAFETY SPECIALISTS Corporate Office
-
Benchmark Human Services Social Service Agency Charitable Organization
-
AWS Inc Social Service Agency Charitable Organization
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AWRC Industries Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
5620 Industrial LLC · 21 yrs held
5620 Industrial LLC
since 2005
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,192
Tax year 2023
Assessed value
$45,200
Assessed 2023
Previous assessed
$45,200
+0.0% YoY
Effective rate
2.64%
On assessed value
Assessed land
$45,200
Land market value
$45,200
Total market value
$45,200
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
0.83 ac (36,155 SF)
APN
02-07-23-129-006.000-073
UPID
US31-1145110
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
Building & site characteristics
From public records
Heating
NONE
Lot
0.83 ac
Current owner
From public records · entity-resolved
5620 Industrial LLC
Entity
Free & Clear · 21 yrs held
Mailing address
9009 COLDWATER RD, FORT WAYNE, IN 46825-2072
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2005
—
5620 Industrial LLC
5620 Industrial Road LLC
Deed
—
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.
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