Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6750 Covington Rd Fort Wayne, IN 46804-1520
    Property profile & analytics

    6750 Covington Rd, Fort Wayne, IN 46804-1520

    View on Map
    • Specialty properties
    • 8,310 SF
    • 3.16 lot acres
    Off-Market
    Property ID
    US31-1306835
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Greenlawn Funeral Home / Social Service Agency
    • Greenlawn Memorial Park / Memorial Park / Cemetery

    Property Details for 6750 Covington Rd

    Year built
    2012
    Construction
    WOOD
    Lot size
    3.16 lot acres
    Property type
    Specialty properties
    APN
    02-11-12-476-001.001-075
    APU
    21112476001001075

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.2319
    Latitude
    41.0604
    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
    $25,519
    $126,600
    $908,600
    $1,035,200
    -
    $126,600
    $908,600
    $1,035,200

    Comparable in this City

    • Value Estimation by Request
      0.31 Acres

      5818 Maurane Dr

      CHARITABLE ORGANIZATION
      5818 Maurane Dr, Fort Wayne, IN 46804-1688
      View Details
    • Value Estimation by Request
      0.87 Acres

      7933 Aboite Center Rd

      Land
      7933 Aboite Center Rd, Fort Wayne, IN 46804
      View Details
    • Value Estimation by Request
      6,834 SF

      8408 Covington Rd

      FUNERAL HOME
      8408 Covington Rd, Fort Wayne, IN 46804-2775
      View Details
    • Value Estimation by Request
      4.88 Acres

      8735 Illinois Rd

      Land
      8735 Illinois Rd, Fort Wayne, IN 46804
      View Details
    • Value Estimation by Request
      0.23 Acres

      1516 Magnavox Way

      CHARITABLE ORGANIZATION
      1516 Magnavox Way, Fort Wayne, IN 46804-1534
      View Details
    • Value Estimation by Request
      0.33 Acres

      5305 Jefferson Blvd, Unit 5311

      CHARITABLE ORGANIZATION
      5305 Jefferson Blvd, Fort Wayne, IN 46804-1663
      View Details

    Similar Nearby for Sale

    • $137,900
      1.72 Acres

      Fort Wayne Commercial Land Available

      1.725 acre building site in prestigious southwest Fort Wayne.
      Tbd Engle Rd, Fort Wayne, IN 46804
      View Details
    • $5,850,000
      4.03 Acres

      Fort Wayne Office Building Portfolio

      Office buildings for sale in Fort Wayne, Indiana.
      7802 W Jefferson Blvd, Fort Wayne, IN 46804
      View Details
    • Contact for pricing

      Land Available on Getz Road

      Land for sale at 1706-1835 Getz Rd, Fort Wayne, IN
      1706-1835 Getz Rd, Fort Wayne, IN 46804
      View Details
    • Contact for pricing

      10.18 Acres on Illinois Road

      10.18 acres ideal for retail, medical, office, or restaurant.
      9026 Illinois Rd, Fort Wayne, IN 46804
      View Details
    • Contact for pricing
      7,650 SF

      Restaurant Investment Opportunity For Sale

      Restaurant with long-term tenant in Fort Wayne, Indiana.
      6282 W Jefferson Blvd, Fort Wayne, IN 46804
      View Details
    • Contact for pricing

      High Visibility Development Opportunity

      Prime commercial land for diverse development in a growing area.
      NW Cor Of Illinois Rd Sr 14 & Hadley Rd, Fort Wayne, IN 46804
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,524 SF

      Former Drive-Thru Bank For Rent

      1,524 SF former drive-thru bank in fast-growing corridor.
      5770 Coventry Ln, Fort Wayne, IN 46804
      View Details
    • $1,500 /Mo
      905 SF

      Prime Office Location For Lease

      Office space for lease near I-69 and Illinois Rd.
      1319 Magnavox Ste 400 Way, Fort Wayne, IN 46804
      View Details
    • Contact for pricing

      Office Space for Lease

      Office spaces available in ideal location with ample parking.
      4666 W Jefferson Blvd, Fort Wayne, IN 46804
      View Details
    • Contact for pricing

      Retail Space Inside Meijer

      Prime retail opportunity within high-traffic Meijer stores in the Midwest.
      5909 Illinois Rd, Fort Wayne, IN 46804
      View Details
    • Contact for pricing
      4,600 SF

      Retail Space on Jefferson Boulevard

      Retail space available for lease on West Jefferson Boulevard.
      5956-5992 W Jefferson Blvd, Fort Wayne, IN 46804
      View Details
    • Contact for pricing

      Retail Space in Time Corners

      Retail space with excellent access and high visibility.
      5826-5992 W Jefferson Blvd, Fort Wayne, IN 46804
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6750 Covington Rd
    Fort Wayne, IN 46804-1520
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    6750 Covington Rd, Fort Wayne, IN, 46804
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!