Entity Owned Property summary
AI-generated overview
This exceptional Class A retail property, located at 6209 E State Blvd, Fort Wayne, Indiana 46815, offers 4,434 square feet of single-tenant space in a highly desirable location. Built in 1978, this one-story building sits on a 0.44-acre lot (4,434 square feet) and is zoned for commercial use. The property boasts excellent visibility due to its position on the heavily trafficked E State Blvd and features a prominent pylon sign for maximum exposure. Convenient access is provided by an overhead door. Ample parking is available with over 20 spaces. The property benefits from its proximity to the substantial Google Data Center (less than a minute's drive), placing it within a rapidly developing area with significant growth potential. The property's APN is 02-08-33-278-014.000-072. This is an ideal opportunity for businesses seeking high visibility and convenient access in a thriving commercial area. The property has no elevators.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1978
Construction
TYPE NOT SPECIFIED
Total area
4,434 SF
Lot
0.44 ac (18,996 SF)
APN
02-08-33-278-014.000-072
UPID
US31-0254525
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$380k
CAP Approach
CAP
$655k
Comparable Approach
Comparable
$745k
Blend (final)
Blend
$540k
Owner & transaction history
since 2022
2 recorded transactions
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$540k
Value range
$486k – $594k
±10% around blend
Estimated value / SF
$122 / SF
Confidence
Property data
88
Market benchmarks
67
Comparable evidence
60
$486k
blend $540k
$594k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,434 SF
Lot area
0.44 ac
Year built
1978
Stories
1
APN
02-08-33-278-014.000-072
Assessed value
$862,000
Annual tax
$22,770
3
Income approach: direct capitalization
Partial preview
Income approach indication
$655k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$710k
@ 6.5% CAP return
$655k
@ 7% CAP return
$610k
4
Sales comparison
Partial preview
Sales approach indication
$745k
Range $145k – $745k
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$540k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 27 sales
$95
+28%
County 38 sales
$75
+62%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $122/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$862k
Move the market yield to see immediate price impact.
Value / SF
$194
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$54k
$1.09M
$776k
$603k
$60k
$1.21M
$862k
$670k
$66k
$1.33M
$948k
$737k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$22,770
Tax year 2023
Assessed value
$862,000
Assessed 2023
Previous assessed
$862,000
+0.0% YoY
Effective rate
2.64%
On assessed value
Assessed land
$114,000
Assessed improvement
$748,000
Land market value
$114,000
Improvement market value
$748,000
Total market value
$862,000
Applied tax rate
75.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1978
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
4,434 SF
Lot
0.44 ac (18,996 SF)
APN
02-08-33-278-014.000-072
UPID
US31-0254525
Jurisdiction
ALLEN
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Building & site characteristics
From public records
Year built
1978
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
0.44 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
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What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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