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    Property profile & analytics

    7230 Engle Rd Fort Wayne, IN 46804-2209

    • Parking lots & garages
    • 3.23 lot acres
    OFF-MARKET
    Value Estimation
    $330,000
    Location Intelligence
    Property ID
    US31-1154905
    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

    • Revenue Department / State Government Office / Accounting
    • Metro Infusion Center / Medical Center / Medical Group
    • Midwest Oral and Maxillofacial Surgery / Oral Surgeon
    • Reifeis Jr Robert L DDS / Dentist
    • Child's Play Plus - Jefferson Park / Mental Health Clinic / Occupational Therapist

    Property Details for 7230 Engle Rd

    Year built
    1990
    Lot size
    3.23 lot acres
    Property type
    Parking lots & garages
    APN
    02-11-24-127-002.000-075
    APU
    21124127002000075

    Description

    This three-story, 54,535-square-foot Class B office building at 7230 Engle Road in Fort Wayne, Indiana, offers flexible space ideal for businesses of all sizes. Located in Allen County, zip code 46804, the property boasts 7,895 square feet of immediately available space, with suites ranging from 684 to 1,202 contiguous square feet. The building features nine total suites, ample parking (260 spaces), and two elevators. Renovated in 2019, the property offers a modern aesthetic and updated suites in a convenient location, minutes from Lutheran Hospital and I-69 (Exit #302). The 3.74-acre lot is zoned C1/General Commercial, providing excellent visibility and high traffic counts. This is a multi-tenant building with a variety of options for businesses seeking a well-maintained, strategically positioned office space in a serene office park setting. The property's amenities include executive office and coworking spaces, catering to diverse business needs. Built in 1990, this property offers a blend of established infrastructure and modern updates.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $360,000

    • CAP approach

      CAP return
      Estimation
      6%
      $320,000
      6.5%
      $300,000
      7%
      $320,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $245,000
      Geo Method
      $305,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $280,000
      Retail
      $300,000
      Mixed-Use
      $290,000
      Hospitality
      $315,000
      Educational
      $315,000
      Residential Income
      $285,000
      Energy
      $300,000
      Income-Based Land
      $280,000
      Food Service
      $315,000

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.2364
    Latitude
    41.0451
    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
    $11,359
    $421,600
    $39,200
    $460,800
    -
    $421,600
    $39,200
    $460,800

    Comparable in this City

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    • Value Estimation
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      1715 Magnavox Way

      PARKING LOT • 1.17 Acres
      1715 Magnavox Way, Fort Wayne, IN 46804-1537
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    • Value Estimation
      $260,000
      2.82 Acres

      1700 Apple Gln Blvd

      PARKING LOT • 2.82 Acres
      1700 Apple Gln Blvd, Fort Wayne, IN 46804
      View Details
    • Value Estimation
      $375,000
      3,030 SF

      8233 Glencarin Blvd

      PARKING LOT • 3,030 SF
      8233 Glencarin Blvd, Fort Wayne, IN 46804-5784
      View Details
    • Value Estimation
      $350,000
      3.65 Acres

      7200 Engle Rd

      PARKING LOT • 3.65 Acres
      7200 Engle Rd, Fort Wayne, IN 46804
      View Details
    • Value Estimation
      $280,000
      0.66 Acres

      Jefferson Blvd

      PARKING LOT • 0.66 Acres
      Jefferson Blvd, Fort Wayne, IN 46804
      View Details

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    Fort Wayne, IN 46804-2209
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    Realmo Value Estimation

    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.

    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.

    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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