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    7008 Bluffton Rd Fort Wayne, IN 46809-2706
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    7008 Bluffton Rd Fort Wayne, IN 46809-2706

    View on Map
    • Grocery and convenience stores
    • 38,818 SF
    • 3.41 lot acres
    Off-Market
    Property ID
    US31-0197998
    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
    $3,150,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kroger Bakery / Grocery & Convenience Store / Food Market
    • Kroger Deli / Food Market / Restaurant
    • Kroger / Grocery & Convenience Store / Food Market
    • Ria Money Transfer - Kroger / Bank / Credit Union
    • Kroger Pharmacy / Pharmacy

    Property Details for 7008 Bluffton Rd

    Year built
    1960
    Construction
    TYPE NOT SPECIFIED
    Lot size
    3.41 lot acres
    Property size
    38,818 SF
    Property type
    Grocery and convenience stores
    APN
    02-12-28-477-020.000-074
    APU
    21228477020000074

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,120,000
      Market price range: $1.27M - $6.52M
      AI Estimate
      $2,877,000
      Market price range: $1.69M - $5.85M

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.1703
    Latitude
    41.018
    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
    $43,765
    $371,600
    $1,251,600
    $1,623,200
    -
    $371,600
    $1,251,600
    $1,623,200

    Comparable in this City

    • Value Estimation by Request
      588 SF

      5030 Bluffton Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 588 SF
      5030 Bluffton Rd, Fort Wayne, IN 46809-1825
      View Details
    • Value Estimation
      $930,000
      6,432 SF

      3203 Lowr Huntington Rd

      GROCERY, SUPERMARKET • 6,432 SF
      3203 Lowr Huntington Rd, Fort Wayne, IN 46809-2444
      View Details
    • Value Estimation by Request
      5.53 Acres

      10317 Bluffton Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 5.53 Acres
      10317 Bluffton Rd, Fort Wayne, IN 46809-3026
      View Details
    • Value Estimation by Request
      2,700 SF

      10317 Bluffton Rd

      CONVENIENCE STORE • 2,700 SF
      10317 Bluffton Rd, Fort Wayne, IN 46809-3026
      View Details
    • Value Estimation by Request
      9,100 SF

      6320 Bluffton Rd

      Individual retail properties • 9,100 SF
      6320 Bluffton Rd, Fort Wayne, IN 46809
      View Details
    • Value Estimation by Request
      1,736 SF

      7114 Bluffton Rd

      CONVENIENCE STORE • 1,736 SF
      7114 Bluffton Rd, Fort Wayne, IN 46809-2708
      View Details

    Similar Nearby for Sale

    • $499,000
      0.61 Acres

      Freestanding Retail Building For Sale

      7,000 SF retail building in great location.
      6441 Bluffton Rd, Fort Wayne, IN 46809
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      9,100 SF

      Stand Alone Retail Opportunity

      Stand alone retail property available for sale.
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      4,756 SF

      Restaurant and Airbnb Opportunity

      Restaurant and Airbnb with equipment included for sale.
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    • $450,000
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      Iconic Restaurant Opportunity in Fort Wayne

      Turnkey restaurant for sale in a prime Fort Wayne location.
      1820 Bluffton Rd, Fort Wayne, IN 46809
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    • $1,200,000
      0.93 Acres

      Versatile Commercial Property on Engle Road

      High-visibility commercial asset with redevelopment potential in Fort Wayne, IN.
      3339 Engle Rd, Fort Wayne, IN 46809
      View Details
    • Contact for pricing
      9,100 SF

      Fort Wayne Retail Investment

      9,100 SF retail building with strong tenant in Fort Wayne.
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    Similar Nearby for Lease

    • $2,100 /Mo
      1,625 SF

      Versatile Commercial Space For Rent

      Adaptable commercial space suitable for retail, services, or creative enterprises.
      6720 Old Trail Rd, Fort Wayne, IN 46809
      View Details
    • Contact for pricing

      Adaptable Commercial Space For Rent

      Versatile commercial space suitable for retail, services, or creative enterprises.
      6720 Old Trail Rd, Fort Wayne, IN 46809
      View Details
    • Contact for pricing

      Warehouse Near Airport and Highways

      Warehouse with 32' ceilings, close to airport and highways.
      9501 Airport Dr, Fort Wayne, IN 46809
      View Details
    • Contact for pricing

      Versatile Industrial Facility in Fort Wayne

      120,040 SF industrial building with expansion potential.
      2425 American Way, Fort Wayne, IN 46809
      View Details
    • $4 SF/Yr

      Former Freezer Facility with Rail

      Industrial building with insulated panels and rail spur potential.
      9801 Airport Dr, Fort Wayne, IN 46809
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    • Contact for pricing
      7,992 SF

      Office Space Near Engle Road

      Office space for lease near Engle Rd. and Ardmore Ave.
      4423 Ardmore Ave, Fort Wayne, IN 46809
      View Details
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    Fort Wayne, IN 46809-2706
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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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