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    Property profile & analytics

    6043 Lima Rd Fort Wayne, IN 46818-1431

    • Outlet malls
    • 31,169 SF
    • 4.82 lot acres
    OFF-MARKET
    Last Sale
    May 01, 2025
    Value Estimations
    $750,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-0394485
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Outlet malls

    Property Details for 6043 Lima Rd

    Year built
    2002
    Construction
    TYPE NOT SPECIFIED
    Lot size
    4.82 lot acres
    Property size
    31,169 SF
    Property type
    Outlet malls
    APN
    02-07-15-451-002.000-073
    APU
    20715451002000073

    Description

    This exceptional retail property, a former Gander Mountain, offers 31,080 square feet of versatile space available for sale or lease. Located at 6043 Lima Rd, Fort Wayne, IN 46818, this Class B building sits on a 3.81-acre lot and boasts 128 parking spaces. Built in 2002 and renovated in 2018, the single-story structure features 16-foot ceilings, a fully sprinklered system, and gas forced-air heating and air conditioning. The property is zoned SC and has a minimum divisible space of 12,000 square feet, with a maximum contiguous space of 31,080 square feet. Its strategic location in a busy retail corridor off I-69 and the SR-3/Lima Road interchange benefits from high traffic counts, ranging from 16,000 vehicles per day (VPD) on nearby Washington Center Road, 50,000 VPD on SR-3/Lima Road, and 70,000 VPD on I-69. The surrounding area boasts a population exceeding 183,000 within a 5-mile radius, and is anchored by numerous national retailers including Home Depot, Meijer, Lowe's, Starbucks, Burger King, Panda Express, and Chipotle. A 1.25-acre outlot is also available for separate sale. This property presents a unique opportunity for businesses seeking high visibility and accessibility in a thriving retail market. The Allen County location offers easy access to downtown Fort Wayne (four miles away) and is surrounded by numerous hotels.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $740,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $864,000
      Market price range: $794k - $1.67M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.1644
    Latitude
    41.1343
    CBSA code
    23060
    CBSA name
    FORT WAYNE, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $39,468
    $795,000
    $701,600
    $1,496,600
    -
    $795,000
    $701,600
    $1,496,600

    Comparable in this City

    • Value Estimation
      $740,000
      109,164 SF

      5807 Crk Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 109,164 SF
      5807 Crk Blvd, Fort Wayne, IN 46818-1723
      View Details
    • Value Estimation
      $365,000
      18,000 SF

      6313 Cross Crk Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 18,000 SF
      6313 Cross Crk Blvd, Fort Wayne, IN 46818-1724
      View Details
    • Value Estimation
      $490,000
      25,012 SF

      9149 Lima Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 25,012 SF
      9149 Lima Rd, Fort Wayne, IN 46818-1803
      View Details
    • Value Estimation
      $780,000
      218,684 SF

      6309 Lima Rd, Unit 6327

      WHOLESALE OUTLET, DISCOUNT STORE • 218,684 SF
      6309 Lima Rd, Fort Wayne, IN 46818-1425
      View Details
    • Value Estimation
      $495,000
      84,626 SF

      10001 Lima Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 84,626 SF
      10001 Lima Rd, Fort Wayne, IN 46818-8904
      View Details
    • Value Estimation
      $455,000
      9,100 SF

      2985 Washington Ctr Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 9,100 SF
      2985 Washington Ctr Rd, Fort Wayne, IN 46818-1325
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      56,843 SF

      Established Retail Center on Lima

      Well-maintained retail center with high visibility and ample parking.
      9105-9187 Lima Rd, Fort Wayne, IN 46818
      View Details
    • $2,963,822
      11.43 Acres

      Prime Fort Wayne Retail Site

      High-traffic corner lot, development ready.
      13500 Lima Rd, Fort Wayne, IN 46818
      View Details
    • $575,000
      0.80 Acres

      Lima Road Commercial Land Opportunity

      High-visibility 0.8-acre lot, ideal for owner-users.
      9000 Blk Lima Rd, Fort Wayne, IN 46818
      View Details
    • $983,000
      3.59 Acres

      Restaurant Opportunity Beside Cosmo's

      Located in Walmart shopping center near other restaurants.
      9931 Lima Rd, Fort Wayne, IN 46818
      View Details
    • $760,000
      2,228 SF

      Established Auto Shop on Lima Rd

      Fort Wayne Auto Repair Business - High Traffic!
      7709 Lima Rd, Fort Wayne, IN 46818
      View Details
    • $1,500,000
      3,948 SF

      High-Profile Corner Retail Opportunity

      Retail property on high-traffic corner near hospitals and restaurants.
      2929 E Dupont Rd, Fort Wayne, IN 46818
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,936 SF

      Retail Space in Lima Marketplace

      Retail space available in a busy Fort Wayne shopping center.
      10001-10035 Lima Rd, Fort Wayne, IN 46818
      View Details
    • $15 SF/Yr
      18,440 SF

      High-Traffic Retail Center Investment

      Nine Suites, 1.73 Acres, Excellent Visibility
      5820 Challenger Pkwy, Fort Wayne, IN 46818
      View Details
    • $15 SF/Yr
      4,273 SF

      Retail Space Near I-69

      4,273 SF end cap retail space for lease.
      2910-2936 E Dupont Rd, Fort Wayne, IN 46818
      View Details
    • $9 SF/Yr
      1,500 SF

      Lima Road Retail/Office Space

      Retail or office space available on Lima Road.
      9121 Lima Rd, Fort Wayne, IN 46818
      View Details
    • Contact for pricing
      1,489 SF

      Meijer In-Store Retail Space

      Fort Wayne Retail Space Available
      6309 Lima Rd, Fort Wayne, IN 46818
      View Details
    • $24 SF/Yr
      1,666 SF

      Retail Space on Dupont Road

      Retail space for lease with high visibility and traffic.
      2868-2898 East Dupont Rd, Fort Wayne, IN 46818
      View Details
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    6043 Lima Rd
    Fort Wayne, IN 46818-1431
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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