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    404 W Air Park Dr Muncie, IN 47303

    Sponsored
    For Sale
    $895,000

    Office, Office/Showroom - Muncie, IN

    Type:Office
    Lot size:
    2.50 Acres
    Days on Market:
    20
    Last Refresh:
    Jan 7 at 7:06 pm

    Property Features for 404 W Air Park Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Zoning
    Ind. Park
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Kitchen, Office
    Bathrooms
    4
    APN
    18-07-33-276-007.000-003
    Parking
    70
    Parking features
    Off Street, Paved or Surfaced
    Interior features
    Drywall, Office Space, Reception Area
    Exterior features
    Office Space, Reception Area
    Lot size
    2.50 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    2010
    Floors in Building
    1
    Flooring type
    Carpet, Tile, Tile - Ceramic
    Building materials
    Brick
    Roof type
    Metal
    Architectural style
    Other

    Coldwell Banker Lunsford (765) 289-2228 [email protected]

    Listing agent Brian Allardt (765) 289-2228 License #RB14013784

    Listing date Dec 19, 2025

    MLS# 202549306 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.

    Overview

    Muncie Investment Property in Airpark

    Located in the Airpark Center Industrial Park in Muncie, Indiana, this investment property features three tenants: Peterman Brothers HVAC, Quality Correctional Care, and Centimark Commercial Roofing, with leases extending to 2027 and 2028. Constructed in 2010, the low-maintenance building features a brick and metal façade, a metal roof, a covered sidewalk, and a concrete parking lot situated on 2.5 acres. The property is conveniently located adjacent to the Muncie Airport, providing access to Delaware County and linkage to the Muncie Bypass and Interstate 69. The building encompasses 12,250 square feet. The west portion includes an overhead door for indoor storage of vehicles or equipment. Suite One, located at 400 W Air Park, has 3,284 square feet of office area. Suite Three, located at 408 W Air Park, includes 7,850 square feet of space including a garage. The property's gross income is $8,825 monthly or $105,900 annually. Expenses average around $35,000, resulting in a net income of $70,900.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop 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
    -85.390597
    Latitude
    40.228013

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    FAQs

    What type of property is this?
    Office building - Investment property with long-term tenants in Muncie, Indiana.
    Where is this office building located?
    The property is located at 404 W Air Park Dr Muncie, IN.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: - Stable Income: Net annual income of $70,900 with leases extending to 2027 and 2028.; - Established Tenants: Anchored by Peterman Brothers HVAC, along with Quality Correctional Care and Centimark Commercial Roofing.; - Low Maintenance: Constructed in 2010 with durable brick and metal façade and metal roof.
    (765) 808-1400
    Request Owner's contact information
    404 W Air Park Dr Muncie, IN 47303
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    Realmo Value Estimation

    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

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    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.

    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
    404 W Air Park Dr Muncie, IN 47303
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