Property Lookup
Property Lookup
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
The Largest CRE Database in the US with Over 1 Million Listings
Property profile & analytics

6720 Old Trail Rd Fort Wayne, IN 46809

  • Retail space
  • 1,625 SF
  • 0.11 lot acres
For Lease
Last Sale
Jul 21, 2022
Value Estimations
$235,000
Cap Rate Potential
6.1%
Retail space
Location Intelligence
Property ID
US31-0395013
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

  • L&L Nail Lounge / Eyelash Salon / Barber Shop

Property Details for 6720 Old Trail Rd

Year built
1940
Construction
WOOD
Lot size
0.11 lot acres
Property size
1,625 SF
Property type
Retail space
APN
02-12-28-433-032.000-074
APU
21228433032000074

Description

This 1,625-square-foot commercial property in Fort Wayne's Waynedale submarket, located at 6720 Old Trail Rd, offers a unique opportunity for businesses seeking flexible space. Built in 1925, this single-story Class C building sits on a 0.1-acre lot and features a total of 2302 suites. Currently, the entire 1,625 square feet is vacant and available for lease. The space is divisible to a minimum of 450 square feet, providing options for various business needs. Its previous uses included a barbershop and flower shop, highlighting its adaptability for retail, office, or creative uses. The property boasts high visibility and ample foot traffic, making it an ideal location for businesses seeking strong customer interaction. Its convenient location near the cross street of Lower Huntington Road in the 46809 zip code offers easy accessibility for both customers and employees. The open and adaptable layout allows for customization to suit specific business requirements. This property presents a compelling investment opportunity for entrepreneurs and established businesses alike. The property's location in the Waynedale submarket of Fort Wayne, Indiana, provides access to a thriving community and strong local demographics.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $260,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $260,000
    6.5%
    $240,000
    7%
    $225,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $193,000
    Market price range: $53.2k - $273k
    AI Estimate
    $178,000
    Market price range: $70.8k - $245k

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


Location Insight

  • Map
  • Local Demand
City
Fort Wayne
County
Allen
State
Indiana
Longitude
-85.1719
Latitude
41.0205
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
$2,721
$11,800
$89,100
$100,900
-
$11,800
$89,100
$100,900
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message