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Property profile & analytics
FOR SALE
Outlet malls
5807 W Creek Blvd Fort Wayne, IN 46818
Entity Owned
Absentee Owner
Free & Clear
Property ID
US31-0649700
For Sale
1 / 10
Contact for pricing
5807 W Creek Blvd, Fort Wayne, IN 46818
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Property summary
AI-generated overview
This exceptional 4-acre commercial land parcel in Fort Wayne, Indiana, presents a compelling investment opportunity. Located at 5807 W Creek Blvd, the property boasts 630 feet of frontage along heavily trafficked Washington Center Road, seeing 15,751 vehicles daily. Its I-1 zoning allows for a wide range of development options, making it ideal for retail or professional office space. The site benefits from its prominent location within a thriving retail and professional business sector, anchored by Furniture Row. Further enhancing its appeal are planned expansions to Washington Center Road between Lima Road and Hillegas Road, promising increased accessibility and visibility. This shovel-ready location offers significant potential for developers seeking a high-impact site in a dynamic market. The asking price is $1,350,000. The property is situated in Allen County, Indiana, zip code 46818.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1999
Construction
TYPE NOT SPECIFIED
Total area
109,164 SF
Lot
13.64 ac (594,202 SF)
APN
02-07-22-101-002.000-073
UPID
US31-0649700
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
-
Furniture Row Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.78M
Blend (final)
Blend
$2.81M
Owner & transaction history
FURNITURE ROW USA LLC
FURNITURE ROW USA LLC
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.81M
Range $2.53M – $3.09M · ±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
$26 / 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
$83,989
Tax year 2023
Assessed value
$3,333,400
Assessed 2023
Previous assessed
$3,333,400
+0.0% YoY
Effective rate
2.52%
On assessed value
Assessed land
$1,039,900
Assessed improvement
$2,293,500
Land market value
$1,039,900
Improvement market value
$2,293,500
Total market value
$3,333,400
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Sale
Year built
1999
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
109,164 SF
Lot
13.64 ac (594,202 SF)
APN
02-07-22-101-002.000-073
UPID
US31-0649700
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
Year built
1999
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
13.64 ac
Current owner
From public records · entity-resolved
FURNITURE ROW USA LLC
Entity
Free & Clear · 0 yrs held
Mailing address
5651 BROADWAY, DENVER, CO 80216-1021
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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