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Property profile & analytics
OFF-MARKET Estimated value $1,025,000
Office Spaces

8645 Backwater Rd North Webster, IN 46555-9537

13,200 SF 1.29 ac lot Built 2000
Entity Owned 4-yr Hold Free & Clear
Property ID
US31-1324719
Property summary
AI-generated overview

This single-story, 9,555 square foot flex building in North Webster, Indiana, offers a unique opportunity for immediate occupancy. Located in the Fort Wayne MSA, this 2000-built property features 14-foot ceilings, 50 parking spaces, and is situated on 1.29 acres of land. The building includes six offices, two conference rooms, a lounge, two bathrooms, multiple storage areas, a breakroom, and a receiving area. Recent upgrades include four new HVAC units (2023) and a new private well (2023). Additional features include a security system, fire extinguishers, and building signage availability. Zoned for light manufacturing, this property is ideal for a variety of commercial and industrial uses. Its convenient location offers easy access to major roadways, including Routes 6 and 30, and is within proximity to Lake Webster and The Backwaters. The property benefits from its location near established businesses and a strong local economy, with an affluent population and a thriving agribusiness and medical device sector. The building is currently vacant, presenting an excellent opportunity for owner-users or investors seeking premier flex space in a vibrant community. The property's light manufacturing zoning allows for diverse business applications. The building's robust infrastructure, including the recently updated HVAC and well systems, ensures efficient and reliable operation. The ample parking and convenient location further enhance its appeal to potential occupants. This property represents a compelling investment opportunity in a growing market.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 2000
Construction TYPE NOT SPECIFIED
Total area 13,200 SF
Lot 1.29 ac (56,192 SF)
Zoning code COMME
APN 43-08-14-200-218.000-023
UPID US31-1324719
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.28M
Comparable Approach Comparable
$716k
Blend (final) Blend
$1.03M
Owner & transaction history
8645 E Blackwater Rd LLC · 4 yrs held
8645 E Blackwater Rd LLC
since 2021
1 recorded transaction
2021
Price N/A
Zoning & alternative use
COMME · North Webster, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $835,000 +12.3%
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