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    9222 Lima Rd Fort Wayne, IN 46818

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    9222 Lima Rd Fort Wayne, IN 46818

    View on Map
    • Commercial real estate
    • 7.40 lot acres
    Off-Market
    Property ID
    US31-0522267
    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

    • Commercial real estate

    Property Details for 9222 Lima Rd

    Lot size
    7.40 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 7.4-acre parcel of land presents a remarkable investment opportunity in the thriving Fort Wayne, Indiana market. Located at 9222 Lima Road, zip code 46818, this property offers significant potential for various development projects. The expansive lot size provides ample space for a wide range of uses, making it an attractive prospect for both residential and commercial ventures. Its strategic location along Lima Road ensures excellent visibility and accessibility, providing convenient access to major transportation routes and local amenities. The asking price of $495,000 represents a competitive value considering the property's size and prime location within Fort Wayne. Detailed site surveys and environmental assessments are readily available upon request, allowing potential buyers to thoroughly evaluate the land's suitability for their specific development plans. This is a rare opportunity to acquire a substantial land holding in a rapidly growing area of Fort Wayne, offering significant long-term investment potential. The property's coordinates are 41.166557 latitude and -85.165031 longitude, facilitating easy location verification and integration into development plans. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. Don't miss this chance to secure a valuable asset in a dynamic and expanding market.

    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
    -85.165031
    Latitude
    41.166557

    Comparable in this City

    • $72,900
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      Residential Land in Fort Wayne

      Residential land near Carroll High School with easy access to Lima Road.
      5053 Silverstone Psge, Fort Wayne, IN 46818
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    • $67,900
      0.27 Acres

      Residential Land in Fort Wayne

      Residential land in a prime Fort Wayne location.
      3033 Troutwood Dr, Fort Wayne, IN 46818
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    • $88,900
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      Residential Land in Fort Wayne

      Residential land near Carroll High School with easy access.
      5529 Broad Fld Cv, Fort Wayne, IN 46818
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    • $85,900
      0.22 Acres

      Residential Land in Fort Wayne

      Residential land close to Carroll High School with easy access.
      5510 Broad Fld Cv, Fort Wayne, IN 46818
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    • $92,900
      0.25 Acres

      Residential Land in Fort Wayne

      Residential land near Carroll High School with easy access to Lima Road.
      4777 Silverstone Psge, Fort Wayne, IN 46818
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    • $134,900
      0.92 Acres

      Residential Land Near Bass Road

      Beautiful tree-lined residential land near amenities in Fort Wayne, IN.
      10617 Bass Rd, Fort Wayne, IN 46818
      View Details

    Similar Nearby for Sale

    • $72,900
      0.26 Acres

      Residential Land in Fort Wayne

      Residential land near Carroll High School with easy access to Lima Road.
      5053 Silverstone Psge, Fort Wayne, IN 46818
      View Details
    • $67,900
      0.27 Acres

      Residential Land in Fort Wayne

      Residential land in a prime Fort Wayne location.
      3033 Troutwood Dr, Fort Wayne, IN 46818
      View Details
    • $88,900
      0.22 Acres

      Residential Land in Fort Wayne

      Residential land near Carroll High School with easy access.
      5529 Broad Fld Cv, Fort Wayne, IN 46818
      View Details
    • $85,900
      0.22 Acres

      Residential Land in Fort Wayne

      Residential land close to Carroll High School with easy access.
      5510 Broad Fld Cv, Fort Wayne, IN 46818
      View Details
    • $92,900
      0.25 Acres

      Residential Land in Fort Wayne

      Residential land near Carroll High School with easy access to Lima Road.
      4777 Silverstone Psge, Fort Wayne, IN 46818
      View Details
    • $134,900
      0.92 Acres

      Residential Land Near Bass Road

      Beautiful tree-lined residential land near amenities in Fort Wayne, IN.
      10617 Bass Rd, Fort Wayne, IN 46818
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      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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    • Contact for pricing

      Office Building in Siena Office Park

      7,133 SF office building for rent in Fort Wayne.
      9600 Lima Rd, Fort Wayne, IN 46818
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    • $15 SF/Yr

      Fort Wayne Office Space Available

      Office space for lease with data center infrastructure.
      5001 W Us Highway 30, Fort Wayne, IN 46818
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    • Contact for pricing
      6,000 SF

      Turnkey Office Space Near I-69

      Turnkey office space featuring a glass conference room and kitchenette.
      6030 Huguenard Rd, 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
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    9222 Lima Rd
    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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