Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    50.45 Acres in Muncie, IN Title is generated by Realmo AI

    6000 W Hellis Drive, Muncie, IN 47304

    View on Map
    Claim this Listing
    For Sale
    $495,000

    Residential Lots - Muncie, IN

    Lot size:
    50.45 Acres
    Added:
    Feb 21, 2026
    Days on Market:
    98
    Last Refresh:
    May 30 at 9:06 am

    Property Features for 6000 W Hellis Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    181013126001000035
    Lot size
    50.45 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Molly Konermann Inan

    Listing agent Molly Konermann Inan License #RB23001189

    Listing office Curb Appeal Realty, LLC Rockingham Way, Plainfield, IN

    Listing date Feb 21, 2026

    MLS# 22085044 Listing URL

    Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 50.45 acres in the desirable Yorktown School District.
    • Income‑producing farmland generating $8325 annually.
    • Sewer access on the property enhances development potential.
    • Scenic creek and abundant wildlife.
    • Four separate parcels offer versatility.
    • Located within 3 miles of the Players Club Golf Course.

    Overview

    This 50.45-acre property, located in Muncie, Indiana, within the Yorktown School District, consists of four parcels being sold together. The land offers a mix of income-producing farmland, natural beauty, and development potential. Currently, 37 acres are cash rented to a local farmer on a year-to-year lease, generating $8325 annually, with tenant rights through the end of the year. The property includes a scenic creek and abundant wildlife. Sewer access runs through the property, adding value for future residential development. This land is suitable for building a home on acreage, starting a hobby farm, or exploring development potential. The property is located within 3 miles of the Players Club Golf Course at Woodland Trails.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store Skin Care Clinic Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Muncie
    County
    Delaware
    State
    Indiana
    Longitude
    -85.452713
    Latitude
    40.191132

    Nearby Similar for Sale

    • $945,000

      Downtown Muncie Commercial Building

      20,000 SF commercial building with parking lots.
      225 N High Street, Muncie, IN 47305
      View Details
    • $389,900
      8,483 SF

      Spacious Commercial Building with Showroom

      Versatile 8,483 sq ft commercial building in Muncie, Indiana.
      4411 N Broadway Avenue, Muncie, IN 47303
      View Details
    • $359,900

      Established Muncie Restaurant and Bar

      Turn-key restaurant and bar opportunity with real estate included.
      3823 N Broadway Avenue, Muncie, IN 47303
      View Details
    • $895,000

      Muncie Investment Property in Airpark

      Investment property with long-term tenants in Muncie, Indiana.
      404 W Air Park Drive, Muncie, IN 47303
      View Details
    • $395,000

      Muncie Retail Building For Sale

      1,600 SQFT commercial building with drive-thru, ample parking.
      4801 N Wheeling Avenue, Muncie, IN 47304
      View Details
    • $127,500
      3,060 SF

      Versatile Muncie Building with Updates

      Adaptable 3,060 SF building suitable for office or religious use.
      4023 N Rosewood Avenue, Muncie, IN 47304
      View Details
    • $380,000

      Muncie Warehouse and Office Flex

      Versatile warehouse with office space and fenced laydown yard.
      1601 N Country Club Road, Muncie, IN 47303
      View Details
    • $360,000

      Historic Bar and Restaurant Opportunity

      Muncie's oldest bar with equipment, license, rental home, lot.
      1811 S Burlington Avenue, Muncie, IN 47302
      View Details
    • $725,000

      Muncie Office Building For Sale

      Well-maintained office building in a prime commercial corridor.
      3621 N Everbrook Lane, Muncie, IN 47304
      View Details
    • $3,400,000

      Muncie Office Opportunity

      Well-located Muncie office property with high visibility and accessibility.
      800 S Tillotson Avenue, Muncie, IN 47303
      View Details
    • $399,000

      Prime Commercial Land Opportunity

      4.91-acre commercial land parcel with road frontage in Muncie, IN.
      2900 N Walnut Street, Muncie, IN 47303
      View Details
    • $975,000
      494 SF

      Equestrian Estate with Indoor Arena

      26-acre Muncie equestrian estate with indoor riding arena.
      8801 N Walnut Street, Muncie, IN 47303
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 50.45 acres with income, acreage, and room to grow!
    Where is this agricultural land / farmland located?
    The property is located at 6000 W Hellis Drive Muncie, IN.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: 50.45 acres in the desirable Yorktown School District.; Income‑producing farmland generating $8325 annually.; Sewer access on the property enhances development potential.
    (812) 360-9898
    We can help!
    Listing Contact
    Molly Konermann Inan
    Real Estate License ID: RB23001189
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    6000 W Hellis Drive, Muncie, IN 47304
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!