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Financial
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Property profile

622 South Calhoun St Fort Wayne, IN 46802

FOR SALE
Other office properties
Property ID
US31-0986864
5,680 SF 0.06 ac lot Built 1860
Last sale Nov 2014
Entity Owned Owner of record is a legal entity (LLC / corporation). 11-yr Hold Held for 11 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This three-story brick office building was constructed in 1860 and underwent renovation in 2014. The building contains 5,680 square feet in total, with 4,487 square feet configured for office occupancy. It includes attached garage parking and is located at 622 S Calhoun St in downtown Fort Wayne along the Calhoun Street corridor near Parkview Field and the central business district. The property lies within a TIF (Tax Increment Financing) district, designating the site for defined public-finance purposes.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$6k
Tax billed · 2023
Assessed value$211k
Assessed land$36k
Assessed improvement$175k
Effective rate2.70%

Value estimate

· Oct 2026
$290k
$261k – $319k
NOI build-up
Gross scheduled income$97k
Vacancy & credit loss−$13k
Operating expenses−$21k
NOI · 7.37% cap applied$63k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$74/SF
Submarket average, outlier-cleaned · 90 recorded sales of this use type
Observed band · Q1–Q3$28 – $130
Qualifying comparables6

Cap rate analysis

How does the asset earn?
7.37%
$63k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionALLEN

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service14.4
Wholesale Shop14.3
Pharmacy13.2

Location

622 South Calhoun St Fort Wayne, IN 46802
County assessor Recorded deeds · 3 transfers 6 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3229 Covington, Fort Wayne, IN 46802-4440 $150,000 Dec 2024 3,618 SF
1901 Taylor, Fort Wayne, IN 46802-4604 $40,000 Mar 2022 11,472 SF
1139 Clinton, Fort Wayne, IN 46802 $350,000 Nov 2020 3,239 SF
527 Berry, Fort Wayne, IN 46802-2103 $200,000 Feb 2020 4,596 SF
110 Main, Fort Wayne, IN 46802-1704 $571,764 Apr 2019 10,888 SF
432 Pearl, Fort Wayne, IN 46802-1523 $100,000 Mar 2019 4,250 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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