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    Property profile & analytics

    6320 Highview Dr Fort Wayne, IN 46818-1382

    • Manufacturing properties
    • 20,000 SF
    • 2.80 lot acres
    OFF-MARKET
    Value Estimations
    $410,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-0618918
    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

    • YOURSpace / Architectural Designer / Interior Architect Office
    • Precision Wire Technologies / Manufacturer

    Property Details for 6320 Highview Dr

    Year built
    1999
    Construction
    TYPE NOT SPECIFIED
    Lot size
    2.80 lot acres
    Property size
    20,000 SF
    Property type
    Manufacturing properties
    APN
    02-07-16-303-001.000-073
    APU
    20716303001000073

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $405,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $469,000
      Market price range: $353k - $665k

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.1889
    Latitude
    41.1364
    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
    $17,260
    $122,100
    $532,400
    $654,500
    -
    $122,100
    $532,400
    $654,500

    Comparable in this City

    • Value Estimation
      $270,000
      4,570 SF

      2421 Wallen Rd

      MANUFACTURING (LIGHT) • 4,570 SF
      2421 Wallen Rd, Fort Wayne, IN 46818-2249
      View Details
    • Value Estimation
      $1,710,000
      46,798 SF

      4321 Goshen Rd

      MANUFACTURING (LIGHT) • 46,798 SF
      4321 Goshen Rd, Fort Wayne, IN 46818-1201
      View Details
    • Value Estimation
      $705,000
      43,620 SF

      3824 Transportation Dr

      MANUFACTURING (LIGHT) • 43,620 SF
      3824 Transportation Dr, Fort Wayne, IN 46818-1223
      View Details
    • Value Estimation
      $290,000
      17,593 SF

      6210 Discount Dr

      MANUFACTURING (LIGHT) • 17,593 SF
      6210 Discount Dr, Fort Wayne, IN 46818-1232
      View Details
    • Value Estimation
      $350,000
      19,000 SF

      6345 Innovation Blvd

      MANUFACTURING (LIGHT) • 19,000 SF
      6345 Innovation Blvd, Fort Wayne, IN 46818-1509
      View Details
    • Value Estimation
      $525,000
      100,000 SF

      2219 Contractors Way

      MANUFACTURING (LIGHT) • 100,000 SF
      2219 Contractors Way, Fort Wayne, IN 46818-1718
      View Details

    Similar Nearby for Sale

    • $1,650,000
      56.41 Acres

      Vicksburg Pike Industrial Land Sale

      56 Acres, I2P Zoned Industrial Land
      0 Bass Rd, Fort Wayne, IN 46818
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    • $760,000
      2,228 SF

      Established Auto Shop on Lima Rd

      Fort Wayne Auto Repair Business - High Traffic!
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    • $983,000
      3.59 Acres

      Prime Allen County Land

      $983K, 3.59 Acres, High Traffic
      9931 Lima Rd, Fort Wayne, IN 46818
      View Details
    • $2,963,822
      11.43 Acres

      Lima Road Commercial Land Opportunity

      Prime corner lot, high traffic, three parcels.
      13525 Lima Rd, Fort Wayne, IN 46818
      View Details
    • $475,000
      1.72 Acres

      Prime Fort Wayne Land - 1.72 Acres

      Commercial/Residential potential, near I-69.
      5820 Huguenard Rd, Fort Wayne, IN 46818
      View Details
    • $89,500
      0.50 Acres

      Residential Land in Fort Wayne

      Land available for building a Windsor Home in Valdosta.
      1478 Paradise Cay Ct, Fort Wayne, IN 46818
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      19,055 SF

      Fort Wayne Warehouse Space Available

      19,055 SF warehouse with regional access in Fort Wayne.
      6319 Discount Dr, Fort Wayne, IN 46818
      View Details
    • $8 SF/Yr
      24,000 SF

      Northwest Fort Wayne Flex Spaces

      Flex spaces in industrial park with easy highway access.
      6004 Highview Dr, Fort Wayne, IN 46818
      View Details
    • $13,500 /Mo
      11,100 SF

      Cross-Dock Truck Terminal For Lease

      Rare truck terminal with 28 dock doors on 7.37 acres.
      4222 Merchant Rd, Fort Wayne, IN 46818
      View Details
    • $8 SF/Yr
      14,400 SF

      Industrial Space with Truck Dock

      1,800 SF industrial space with office and warehouse components.
      6015 Highview Dr, Fort Wayne, IN 46818
      View Details
    • $8 SF/Yr
      2,475 SF

      Flex Suites Available for Lease

      Two 2,475 SF suites with easy highway access.
      6415-6429 Highview Dr, Fort Wayne, IN 46818
      View Details
    • $20 SF/Yr
      120,000 SF

      Prime Fort Wayne Office Space

      120,000 SF Office Building Available
      1919 Cook Rd, Fort Wayne, IN 46818
      View Details
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    6320 Highview Dr
    Fort Wayne, IN 46818-1382
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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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