Property profile

9116 Lima Rd Fort Wayne, IN 46818

OFF-MARKET
Retail space
Property ID
US31-3405608
1,884 SF 10.76 ac lot Built 1989
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2.65-acre commercial land parcel presents a unique investment opportunity in Fort Wayne, Indiana. Located at 9116 Lima Rd, Allen County, this fee-simple property boasts 350 feet of frontage on Lima Road, a major thoroughfare connecting I-69 to Huntertown. The site benefits from high visibility and easy access to I-69, experiencing a daily traffic volume of 36,000 vehicles. Zoned C3, this land is ideal for a variety of commercial uses, including retail, B2B, and industrial developments. The property will be delivered with a new entrance, city water tap, and off-site detention, simplifying the development process. The asking price is $1,600,000. Given its strategic location, high traffic count, and convenient access to major transportation routes, this property represents a compelling investment opportunity for discerning buyers seeking a prime commercial location in a thriving area. The property's existing infrastructure improvements, including the new entrance, water tap, and off-site detention, further enhance its value and appeal. This is a rare chance to acquire a significant commercial land parcel in a high-demand area of Fort Wayne. The zip code is 46818.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1989
Construction WOOD
Total area 1,884 SF
Lot 10.76 ac (468,706 SF)
APN 02-07-03-451-001.000-073
UPID US31-3405608

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

9116 Lima Rd Fort Wayne, IN 46818-1804
Fort Wayne metro Census 10707 FORT WAYNE, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$355k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$355k

Owner & transaction history

since 2024
4 recorded transactions
2024
Price N/A
2011
Price N/A
2008
Price N/A
2007
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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