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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Medical Office Space
919 Florence Ave Fort Wayne, IN 46808-2354
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US31-2413543
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1965
Construction
WOOD
Total area
4,256 SF
Lot
0.21 ac (9,104 SF)
APN
02-07-34-430-002.000-074
UPID
US31-2413543
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
Current use
Occupant on record · Public records
-
Mei Spa Alternative Medicine Practice Spa & Massage Center
-
Matthew Gotsch Dental Office
-
Dr. Gregory Butler Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$725k
Comparable Approach
Comparable
$736k
Blend (final)
Blend
$730k
Owner & transaction history
Long Enterprises LLC · 2 yrs held
Long Enterprises LLC
since 2023
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fort Wayne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Wayne submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$785,000
6.5%
$725,000
7%
$675,000
Blend value · Realmo final
$730k
Range $657k – $803k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$172 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,020
Tax year 2023
Assessed value
$112,000
Assessed 2023
Previous assessed
$112,000
+0.0% YoY
Effective rate
2.70%
On assessed value
Assessed land
$27,400
Assessed improvement
$84,600
Land market value
$27,400
Improvement market value
$84,600
Total market value
$112,000
Applied tax rate
91.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1965
Construction
WOOD
Heating
NONE
Stories
2
Total area
4,256 SF
Lot
0.21 ac (9,104 SF)
APN
02-07-34-430-002.000-074
UPID
US31-2413543
Jurisdiction
ALLEN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1965
Construction
WOOD
Heating
NONE
Stories
2
Lot
0.21 ac
Current owner
From public records · entity-resolved
Long Enterprises LLC
Entity
Mailing address
2605 JACOBS CRK RUN, FORT WAYNE, IN 46825-3193
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2023
—
Long Enterprises LLC
Bck Real Estate Holdings LLC
Warranty Deed
$125,000 · The Garrett State Bank
Nov 27, 2023
—
Bck Real Esatae Holdings LLC
Ryan Marshall
Quit Claim Deed
related
—
Jan 18, 2008
—
Bck Real Estate Holdings LLC
Kevin L Appel
Quit Claim Deed
related
—
Oct 2, 2007
—
Kevin L Appel
Steven C Salkeld
Warranty Deed
—
Sep 13, 2007
—
Steven C Salkeld
William Tropmann
Warranty Deed
$215,200 · Tower Bank & Trust Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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