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    3621 N Everbrook Ln Muncie, IN 47304

    Sponsored
    For Sale
    $725,000

    Office - Muncie, IN

    Type:Office
    Property size:
    6,300 SF
    Lot size:
    0.62 Acres
    Days on Market:
    17
    Last Refresh:
    Feb 25 at 4:06 pm

    Property Features for 3621 N Everbrook Ln

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Kitchen, Office
    Bathrooms
    7
    APN
    18-07-31-426-011.000-003
    Parking features
    Paved or Surfaced
    Interior features
    Drywall, Office Space, Reception Area
    Exterior features
    Office Space, Reception Area
    Size
    6,300 SF
    Lot size
    0.62 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1990
    Floors in Building
    1
    Flooring type
    Carpet, Tile, Vinyl
    Building materials
    Brick
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Jacob Wagner
    Jacob Wagner

    Coldwell Banker Lunsford (765) 289-2228

    Listing agent Jacob Wagner (765) 289-2228 License #RB23000239

    Listing date Feb 9, 2026

    MLS# 202533979 Listing URL

    Copyright © 2026 Mid-Eastern Indiana Association of Realtor MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Muncie Office Building For Sale

    This well-maintained 6,300 square foot office building, constructed in 1990, is situated on 0.63 acres in a prime commercial corridor of Muncie, Indiana. The single-story building features professional curb appeal and ample surface parking. Its flexible layout is suitable for multiple tenants. The building is in strong condition and includes modern office build-outs, private offices, a reception area, break areas, and restrooms. The property is ideal for professional, medical, or service-oriented users. Located just off McGalliard Road, one of Muncie’s busiest retail and business corridors, the site offers excellent visibility and easy access to nearby dining, retail, and essential services. The property presents a turnkey opportunity for an owner-user or an investor seeking stable income in a growing market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Thrivent Financial Financial Advisor Michelle Walker - Thrivent Financial Advisor Everbroo Counseling Family Counselor Action Technologies Group Business Networking Company Caliber Home Loans Loan Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Muncie
    County
    Delaware
    State
    Indiana
    Longitude
    -85.427199
    Latitude
    40.222675

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    FAQs

    What type of property is this?
    Office building - Well-maintained office building in a prime commercial corridor.
    Where is this office building located?
    The property is located at 3621 N Everbrook Ln Muncie, IN.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: - Prime location in a high-traffic commercial corridor off McGalliard Road, offering excellent visibility and accessibility.; - Well-maintained 6,300 SF building with modern office build-outs, suitable for multiple tenants or a single owner-user.; - Flexible single-story layout with private offices, reception area, break areas, and restrooms.
    (317) 448-8852
    Request Owner's contact information
    3621 N Everbrook Ln Muncie, IN 47304
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    Muncie, IN 47304
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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
    3621 N Everbrook Ln Muncie, IN 47304
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    We can help!
    Listing Contact
    Jacob Wagner
    Jacob Wagner
    Real Estate License ID: RB23000239
    (317) 448-8852 (765) 289-2228
    Learn more
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