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    9705 Maysville Rd Fort Wayne, IN 46815
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    9705 Maysville Rd, Fort Wayne, IN 46815

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    • Commercial land
    • 20,473 SF
    For Sale
    $325,000
    View Listing →
    Commercial Land For Sale For Sale
    $325,000
    20,473 SF

    Commercial Land For Sale

    Commercial land suitable for a strip center or restaurant.

    9705 Maysville Road, Fort Wayne, IN 46815
    View Listing
    Property ID
    US31-3453352
    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 land

    Property Details for 9705 Maysville Rd

    Property type
    Commercial land
    Property subtype
    Strip malls

    Description

    Site to be sold with several other homes in a row that are prices seperatly. Excellent site for a strip center, restaurant, a convenience Store, and much more.

    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
    -85.0189017
    Latitude
    41.1229339

    Comparable in this City

    • $325,000
      0.47 Acres

      Fort Wayne Retail Opportunity

      Land suitable for retail development in Fort Wayne, Indiana.
      9705 Maysville Rd, Fort Wayne, IN 46815
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      Fort Wayne Shopping Center For Sale

      Shopping center in northeast Fort Wayne with national and local tenants.
      6302-6770 E State Blvd, Fort Wayne, IN 46815
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    • $675,000
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      Commercial Land with Pole Barn

      2.43 acres of commercial land with development potential.
      5814 Stellhorn Rd, Fort Wayne, IN 46815
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    • $650,000

      Hard Corner Commercial Land

      Commercial land with frontage on Maysville and Stellhorn Roads.
      Ft, Fort Wayne, IN 46815
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      Corner Parcel Ideal for Retail

      Highly visible corner parcel close to shopping centers, ideal for retail.
      9173 Stellhorn Crossing Blvd, Fort Wayne, IN 46815
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      Land on Trier Road

      Commercial land with frontage on Trier Road, ideal for development.
      6036 Trier Rd, Fort Wayne, IN 46815
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    Similar Nearby for Sale

    • $325,000
      0.47 Acres

      Fort Wayne Retail Opportunity

      Land suitable for retail development in Fort Wayne, Indiana.
      9705 Maysville Rd, Fort Wayne, IN 46815
      View Details
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      Fort Wayne Shopping Center For Sale

      Shopping center in northeast Fort Wayne with national and local tenants.
      6302-6770 E State Blvd, Fort Wayne, IN 46815
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    • $675,000
      2.43 Acres

      Commercial Land with Pole Barn

      2.43 acres of commercial land with development potential.
      5814 Stellhorn Rd, Fort Wayne, IN 46815
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    • $650,000

      Hard Corner Commercial Land

      Commercial land with frontage on Maysville and Stellhorn Roads.
      Ft, Fort Wayne, IN 46815
      View Details
    • Contact for pricing

      Corner Parcel Ideal for Retail

      Highly visible corner parcel close to shopping centers, ideal for retail.
      9173 Stellhorn Crossing Blvd, Fort Wayne, IN 46815
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    • Contact for pricing

      Land on Trier Road

      Commercial land with frontage on Trier Road, ideal for development.
      6036 Trier Rd, Fort Wayne, IN 46815
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    Similar Nearby for Lease

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      35,000 SF

      Retail Space in Northwood Plaza

      Retail space available in established Fort Wayne shopping center.
      6128 Stellhorn Rd, Fort Wayne, IN 46815
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      Retail Space Inside Meijer Store

      Prime retail opportunity within high-traffic Meijer stores in Midwest.
      10301 Maysville Rd, Fort Wayne, IN 46815
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      Georgetown North Retail Space Available

      Prime commercial space in a high-traffic retail center.
      6505-6527 E State Blvd, Fort Wayne, IN 46815
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      Fort Wayne Shopping Center Space

      Retail space available in popular Fort Wayne shopping center.
      6302 E State Blvd, Fort Wayne, IN 46815
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      2,552 SF

      Retail Space in High-Traffic Area

      Retail space available in a busy shopping center.
      6207-6131 Plantation Ln, Fort Wayne, IN 46815
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      32,810 SF

      Retail Space in High-Traffic Corridor

      Large shopping center with high visibility and multiple access points.
      6104-6128 Stellhorn Rd, Fort Wayne, IN 46815
      View Details
    View Listing
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    Fort Wayne, IN 46815
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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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    9705 Maysville Rd, Fort Wayne, IN, 46815
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