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

    8425 Lima Rd Fort Wayne, IN 46818

    • Commercial real estate
    • 1.25 lot acres
    For Sale
    View listing
    $570,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-0343833
    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

    • Commercial real estate

    Property Details for 8425 Lima Rd

    Lot size
    1.25 lot acres
    Property type
    Commercial real estate
    APN
    portion02-07-10-176-001.000-073

    Description

    This exceptional 1.25-acre commercial land parcel, located at 8425 Lima Road in Fort Wayne, Indiana, presents a unique investment opportunity. Situated in a high-traffic area with over 41,400 vehicles passing daily (2024 data), this property boasts unparalleled visibility on the heavily traveled six-lane Lima Road. The C-1 zoning allows for a wide range of commercial uses, providing flexibility for potential development. The property's strategic location places it in close proximity to a variety of established businesses, including Bethel Ministries Church, Meijer, Home Depot, Walmart, Sam's Club, Crazy Pinz, Pizza Hut, and L3Harris Corp., ensuring high consumer traffic and brand recognition. This parcel, identified as a portion of APN 02-07-10-176-001.000-073, offers convenient access to all necessary utilities. The asking price for this prime commercial land is $570,000. This is an exceptional opportunity to acquire a highly visible and versatile commercial property in a thriving Fort Wayne location. The Allen County location and 46818 zip code further enhance its appeal.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Wayne
    County
    Allen
    State
    Indiana
    Longitude
    -85.165811182818
    Latitude
    41.156709035807

    Comparable in this City

    • $395,000
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      Lima Crossing Commercial Land

      1.43 Acres, High-Traffic Location
      Wayne IN Lima Xing Dr Ft, Fort Wayne, IN 46818
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    • $1,350,000
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      Fort Wayne Commercial Land

      4 Acres, I-1 Zoning, High Visibility
      5807 Creek Blvd, Fort Wayne, IN 46818
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    • $983,000
      3.59 Acres

      Fort Wayne Commercial Land - $983K

      Prime 3.59-acre lot, high traffic area.
      9931 Lima Rd, Fort Wayne, IN 46818
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    • $425,000

      Prime Commercial Land Available

      0.73 acre commercial land in high-growth area.
      11000 Lima Rd, Fort Wayne, IN 46818
      View Details
    • Contact for pricing

      Highly Visible Lima Road Land

      Commercial land with high traffic count on Lima Road.
      8425 Lima Rd, Fort Wayne, IN 46818
      View Details
    • $64,900
      0.21 Acres

      Residential Land in Fort Wayne

      Residential land near Carroll High School with easy access to Lima Road.
      13342 Vis Verde Blvd, Fort Wayne, IN 46818
      View Details

    Similar Nearby for Sale

    • $395,000
      1.43 Acres

      Lima Crossing Commercial Land

      1.43 Acres, High-Traffic Location
      Wayne IN Lima Xing Dr Ft, Fort Wayne, IN 46818
      View Details
    • $1,350,000
      4.00 Acres

      Fort Wayne Commercial Land

      4 Acres, I-1 Zoning, High Visibility
      5807 Creek Blvd, Fort Wayne, IN 46818
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    • $983,000
      3.59 Acres

      Fort Wayne Commercial Land - $983K

      Prime 3.59-acre lot, high traffic area.
      9931 Lima Rd, Fort Wayne, IN 46818
      View Details
    • $425,000

      Prime Commercial Land Available

      0.73 acre commercial land in high-growth area.
      11000 Lima Rd, Fort Wayne, IN 46818
      View Details
    • Contact for pricing

      Highly Visible Lima Road Land

      Commercial land with high traffic count on Lima Road.
      8425 Lima Rd, Fort Wayne, IN 46818
      View Details
    • $64,900
      0.21 Acres

      Residential Land in Fort Wayne

      Residential land near Carroll High School with easy access to Lima Road.
      13342 Vis Verde Blvd, Fort Wayne, IN 46818
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      24,000 SF

      Industrial Land Leaseback Opportunity

      19.33 acres in Metro Business Park for lease.
      Metro Park Dr North, Fort Wayne, IN 46818
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    • $20 SF/Yr
      120,000 SF

      High-Quality Office Space Available

      Office, manufacturing, and distribution space for lease in Fort Wayne.
      1919 W Cook Rd, Fort Wayne, IN 46818
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    • $16 SF/Yr
      7,133 SF

      Siena Office Park: Medical Office Space

      Modern Medical Office Building, Fort Wayne, IN
      9600 Lima Rd, Fort Wayne, IN 46818
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    • $15 SF/Yr
      100,000 SF

      Fort Wayne Office Space Available

      Office space for lease with data center infrastructure.
      5001 W Us Highway 30, Fort Wayne, IN 46818
      View Details
    • $15 SF/Yr
      4,273 SF

      Retail Space Near I-69

      4,273 SF end cap retail space for lease.
      2910-2936 E Dupont Rd, Fort Wayne, IN 46818
      View Details
    • $8 SF/Yr
      14,400 SF

      Industrial Space with Truck Dock

      1,800 SF industrial space with office and warehouse components.
      6015 Highview Dr, Fort Wayne, IN 46818
      View Details
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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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