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Property profile

7201 Maplecrest Rd Fort Wayne, IN 46835

FOR SALE
Grocery and convenience stores
Property ID
US31-0801240
4,620 SF 1.01 ac lot Built 2009
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 0.51-acre retail land parcel, located at 7201 Maplecrest Rd in Fort Wayne, Indiana, presents a unique investment opportunity. Situated in a high-traffic area with excellent visibility, this property benefits from its proximity to major thoroughfares, including easy access to I-69 and I-469. The site is zoned SC-2 (Shopping Center), allowing for a variety of commercial uses. The parcel's strategic location is further enhanced by the recent development of a family entertainment complex, formerly a Marsh store, purchased by Allegiant Airlines. This new attraction is expected to draw significant traffic to the area, creating a strong potential for increased customer flow and business success. The property includes two parcels, identified by APN numbers 02-08-16-277-025.000-072 & 02-08-16-227-022.000-072, totaling approximately 0.51 acres. The asking price for this prime retail land is $175,000. This presents a compelling opportunity for investors and developers seeking a high-visibility location in a rapidly growing area of Allen County, Indiana, with a zip code of 46835. The property's coordinates are 41.1469032 latitude and -85.0637305 longitude.

Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 2009
Construction WOOD
Total area 4,620 SF
Lot 1.01 ac (43,996 SF)
APN 02-08-16-227-025.001-072
UPID US31-0801240

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gas Station
  • Garden Center
  • Crypto Atm Atm
  • Grocery & Convenience Store
  • Atm

Location

7201 Maplecrest Rd Fort Wayne, IN 46835
Fort Wayne metro Census 10807 FORT WAYNE, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$370k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$425k

Owner & transaction history

since 2020
2 recorded transactions
2023
Price N/A
2020
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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