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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Retail space
6209 State Blvd Fort Wayne, IN 46815-7641
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US31-0254525
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
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
Jp & Gur LLC · 3 yrs held
Jp & Gur LLC
since 2022
2 recorded transactions
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
$380,000
CAP Approach
CAP Return
Estimation
6%
$710,000
6.5%
$655,000
7%
$610,000
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$122 / 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
$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
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
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
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
1978
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Jp & Gur LLC
Entity
Mailing address
10581 CREEKTREE LN, FISHERS, IN 46038-6501
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2022
—
Jp & Gur LLC
Sss Investments LLC
Warranty Deed
$670,000 · Persons Banking Company
Aug 18, 2009
—
Sss Investments LLC
American Friends Of Boys Town Of Je
Special Warranty 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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