Retail Storefront For
For Sale
Contact for pricing
Pending
1000 W McGalliard, Muncie, IN 47303
Retail storefront property offered for sale with 872 total square feet.
Property Size872 SF
Days on Market2199
Property Features for 1000 W McGalliard
General Information
Standard status
Pending
Size
872 SF
Property subtype
Retail, Mixed Use
Zoning
BV - Variety Business
Listing Agency:
ADM Commercial Real Estate
Listed By:
Mark Sturgis (765) 749-0665 · License #RB14034183
(765) 749-0665
Source:
Crexi
Added: Aug 29, 2020
Changed: Aug 21
Last Checked: Aug 14 at 7:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ADM Commercial Real Estate
Investment Insights
Based on property information with market context.
This listing offers a retail storefront property for sale. The space is presented as 872 square feet, providing a compact footprint suited to a small retail use.
The property is located at 1000 W McGalliard in Muncie, Indiana. For additional details on the property’s condition, configuration, and any included improvements, please contact the listing agent.
Transaction terms, zoning, and tenant use specifics are not provided in the available materials, so prospective buyers should verify details directly with the agent.
The property is located at 1000 W McGalliard in Muncie, Indiana. For additional details on the property’s condition, configuration, and any included improvements, please contact the listing agent.
Transaction terms, zoning, and tenant use specifics are not provided in the available materials, so prospective buyers should verify details directly with the agent.
Key Highlights
- Retail storefront property for sale with 872 total SF.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,565
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$291,300
$291.3K
Cap Rate 7%
$208,071
$208.1K
Cap Rate 9%
$161,833
$161.8K
Market Conditions
NOI Build-Up for 872 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$21.8K $24.96/SF
− Vacancy
−$958 −$1.10/SF
EGI
$20.8K $23.86/SF
− OpEx
−$6.2K −$7.16/SF
NOI
$14.6K $16.70/SF
Area
Delaware County, IN
Vacancy
4.40%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$291,300
Cap Rate 7%
$208,071
Cap Rate 9%
$161,833
Alternative Uses
Best Use
Retail
$208.1K
$182.1K – $242.8K
NOI $14,565 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$612.6K
$536.0K – $714.7K
NOI $42,883 @ 7.0% cap · market cap 13.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
633
Businesses Nearby
568k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Shops & Services 20%
Groceries 17%
Office Supplies 2%
Chick-fil-A
Dining
51,576 visits/mo
0.3 miles
Pay Less Super Markets
Groceries
49,965 visits/mo
0.4 miles
Aldi
Groceries
32,959 visits/mo
0.5 miles
Starbucks
Dining
31,889 visits/mo
0.2 miles
Culver's
Dining
23,409 visits/mo
0.2 miles
Demographics for 47303, IN
24,069
Population
11,567
Households
2.1
Avg Household Size
30
Median Age
25%
College-Educated
90%
High-School Grad
58.0 sq mi
ZIP Area
415
Density / Sq Mi
$42,556
Median Household Income
$22,497
Median Earnings
$883
Median Rent
$106,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail storefront property offered for sale with 872 total square feet.
Where is this storefront property located?
The property is located at 1000 W McGalliard Muncie, IN.
What is the asking price?
The asking price for this property is $318,000.
What are key features of this property?
This property features: Retail storefront property for sale with 872 total SF.
