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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7528 Anthony Blvd Fort Wayne, IN 46816-2523

    • Strip malls
    • 22,200 SF
    • 4,600.00 lot acres
    OFF-MARKET
    Last Sale
    Oct 08, 2021
    Value Estimations
    $520,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-0051487
    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

    • Planet Fitness / Gym / Fitness Center

    Property Details for 7528 Anthony Blvd

    Year built
    1968
    Construction
    TYPE NOT SPECIFIED
    Lot size
    4,600.00 lot acres
    Property size
    22,200 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    02-12-36-226-008.003-074
    APU
    21236226008003074

    Description

    This exceptional commercial land opportunity presents 20,038 square feet of vacant land situated on a 0.46-acre lot at 7528 S Anthony Boulevard in Fort Wayne, Indiana, 46816. Currently listed at $3,300,000, this property offers significant potential for various commercial ventures. The property's previous use included a triple-net lease with a national fitness center tenant, generating a substantial annual income of $208,010 (at a 6.03% cap rate) under a lease expiring in October 2029, with subsequent five-year renewal options and a 5% rent increase. The assessed value of the building is 98.7% of the total assessed value, a factor that may offer significant tax advantages for the buyer, though independent tax advice is recommended. This property is ideal for developers or investors seeking a high-return investment in a prime Fort Wayne location. The property is vacant and ready for immediate development or redevelopment, offering flexibility for a wide range of commercial uses. Its strategic location in Allen County provides excellent visibility and accessibility. This is a rare opportunity to acquire a substantial commercial land parcel in a thriving market. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $655,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $386,000
      Market price range: $386k - $875k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $625,000
      Current use
      WAREHOUSE, STORAGE
      $790,000
      Change: +27% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.1139
    Latitude
    41.0164
    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
    $28,976
    $13,800
    $1,060,900
    $1,074,700
    -
    $13,800
    $1,060,900
    $1,074,700

    Comparable in this City

    • Value Estimation
      $500,000
      26,980 SF

      7514 Anthony Blvd

      SHOPPING CENTER, STRIP CENTER • 26,980 SF
      7514 Anthony Blvd, Fort Wayne, IN 46816-2523
      View Details
    • Value Estimation
      $3,350,000
      31,450 SF

      3310 Paulding Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 31,450 SF
      3310 Paulding Rd, Fort Wayne, IN 46816-4513
      View Details
    • Value Estimation
      $16,805,000
      217,151 SF

      7502 Southtown Xing

      WHOLESALE OUTLET, DISCOUNT STORE • 217,151 SF
      7502 Southtown Xing, Fort Wayne, IN 46816-2515
      View Details
    • Value Estimation
      $3,310,000
      9,750 SF

      3312 Paulding Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 9,750 SF
      3312 Paulding Rd, Fort Wayne, IN 46816-4513
      View Details
    • Value Estimation
      $530,000
      8,262 SF

      6901 Anthony Blvd

      AUTO REPAIR, GARAGE • 8,262 SF
      6901 Anthony Blvd, Fort Wayne, IN 46816-2014
      View Details
    • Value Estimation by Request
      0.92 Acres

      7755 Southtown Xing

      RESTAURANT • 0.92 Acres
      7755 Southtown Xing, Fort Wayne, IN 46816-2510
      View Details

    Similar Nearby for Sale

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      7,740 SF auto service building on 1.4 acres.
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      1.81-acre commercial land with high visibility and accessibility.
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    • $3,600,000
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      72 Acres Near South Walmart

      72 acres of commercial and residential land near Walmart.
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    • $1,100,000
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      22 acres of commercial land at I-269 and US-27.
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    Similar Nearby for Lease

    • $8 SF/Yr
      10,000 SF

      Retail Space in Shopping Center

      Retail space available in a well-traveled, highly populated area.
      3310 E Paulding Rd, Fort Wayne, IN 46816
      View Details
    • Contact for pricing
      3,502 SF

      Retail/Medical Space in Fort Wayne

      3,502 SF retail/medical space in Fort Wayne, Indiana.
      7789 Southtown Xing, Fort Wayne, IN 46816
      View Details
    • $5 SF/Yr
      13,000 SF

      Fort Wayne Industrial Flex Space

      Industrial flex space for rent in a convenient Fort Wayne location.
      7111 S Anthony Blvd, Fort Wayne, IN 46816
      View Details
    • Contact for pricing

      Development Land Near Retail Hub

      Three parcels available near Walmart and Menards for development.
      7800 S Anthony Blvd, Fort Wayne, IN 46816
      View Details
    • Contact for pricing

      Development Land Near Retail Anchors

      Land available for development near Walmart and Menards.
      7950 Decatur Rd, Fort Wayne, IN 46816
      View Details
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    Fort Wayne, IN 46816-2523
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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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