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    7709 Lima Rd Rds Fort Wayne, IN 46818

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    7709 Lima Rd Rds Fort Wayne, IN 46818

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    • Auto shops
    • 2,258 SF
    • 0.30 lot acres
    For Sale
    $760,000
    View Listing →
    Profitable Auto Repair Business Opportunity For Sale
    $760,000
    2,228 SF

    Profitable Auto Repair Business Opportunity

    Operating auto repair business for sale on high-traffic road.

    7709 Lima Rd, Fort Wayne, IN 46818
    View Listing
    Property ID
    US31-3407986
    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

    • Morts Wayside Garage / Auto Repair Shop

    Property Details for 7709 Lima Rd Rds

    Year built
    1940
    Construction
    WOOD
    Lot size
    0.30 lot acres
    Property size
    2,258 SF
    Property type
    Auto shops
    APN
    02-07-10-377-007.000-073
    APU
    20710377007000073

    Description

    This thriving automotive repair shop in Fort Wayne, Indiana, presents a unique investment opportunity. Located on a high-traffic section of Lima Road in Allen County (zip code 46818), this 2,228 square foot facility sits on a 0.9-acre lot with 320 feet of road frontage. The business boasts consistent annual gross sales of $400,000, having operated successfully for 25 years. The current owner is retiring and offering a non-compete agreement, along with assistance to ensure a smooth transition for the new owner. All necessary equipment, including auto lifts and tools, is included in the sale price of $760,000. The property features a newer roof (installed 6 years ago) and benefits from exceptional visibility, with over 42,000 vehicles passing daily (as of August 2023, per MS/2 TDMS data). This turnkey operation offers immediate income potential and significant growth opportunities. The property's prime location and established clientele make it an attractive investment for experienced entrepreneurs or those seeking to enter the automotive repair industry.

    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
    -85.1656
    Latitude
    41.1504
    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
    $2,329
    $52,300
    $36,000
    $88,300
    -
    $52,300
    $36,000
    $88,300

    Comparable in this City

    • Value Estimation
      $690,000
      15,923 SF

      1820 Washington Ctr Rd

      AUTO REPAIR, GARAGE • 15,923 SF
      1820 Washington Ctr Rd, Fort Wayne, IN 46818-1416
      View Details
    • Value Estimation by Request
      4,261 SF

      7610 Lima Rd

      AUTO REPAIR, GARAGE • 4,261 SF
      7610 Lima Rd, Fort Wayne, IN 46818-2153
      View Details
    • Value Estimation by Request
      13,011 SF

      4201 Washington Ctr Rd

      AUTO REPAIR, GARAGE • 13,011 SF
      4201 Washington Ctr Rd, Fort Wayne, IN 46818-1532
      View Details
    • Value Estimation by Request
      5,040 SF

      1910 Dupont Rd

      AUTO REPAIR, GARAGE • 5,040 SF
      1910 Dupont Rd, Fort Wayne, IN 46818-7500
      View Details
    • Value Estimation
      $735,000
      26,880 SF

      4210 Goshen Rd

      AUTO REPAIR, GARAGE • 26,880 SF
      4210 Goshen Rd, Fort Wayne, IN 46818-1228
      View Details
    • Value Estimation by Request
      5,000 SF

      9423 Lima Rd

      AUTO REPAIR, GARAGE • 5,000 SF
      9423 Lima Rd, Fort Wayne, IN 46818-8905
      View Details

    Similar Nearby for Sale

    • $760,000
      0.90 Acres

      Profitable Auto Repair Business Opportunity

      Established auto repair shop for sale on high-traffic road.
      7709 Lima Rd Rds, Fort Wayne, IN 46818
      View Details
    • Contact for pricing
      2,228 SF

      Profitable Auto Repair Business Opportunity

      Operating auto repair business for sale on high-traffic road.
      7709 Lima Rd, Fort Wayne, IN 46818
      View Details
    • $983,000
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      Established Retail Center on Lima

      Well-maintained retail center with high visibility and ample parking.
      9105-9187 Lima Rd, Fort Wayne, IN 46818
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      3,948 SF

      High-Profile Corner Retail Opportunity

      Retail property on high-traffic corner near hospitals and restaurants.
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      Residential Land in Fort Wayne

      Residential land near Carroll High School with easy access to Lima Road.
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    Similar Nearby for Lease

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      1,666 SF

      Retail Space on Dupont Road

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    • $15 SF/Yr
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      Retail Space Near I-69

      4,273 SF end cap retail space for lease.
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      Retail Space Available For Rent

      Retail space available with 1,707 square feet.
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      Retail Space in Cross Creek

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      Lima Road Retail/Office Space

      Retail or office space available on Lima Road.
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      View Details
    • Contact for pricing

      Office/Retail Space on Lima Road

      2,400 SF office/retail space in North Fort Wayne.
      9013 Lima Rd, Fort Wayne, IN 46818
      View Details
    View Listing
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    Fort Wayne, IN 46818
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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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