Remodeled Mixed-Use
For Sale
$399,900
3610 W Westview Boulevard, Muncie, IN 47304
Fully occupied layout combines commercial and residential space with updated systems and on-site parking.
Property Size3,018 SF
Price / SF$132.50
Days on Market49
Property Features for 3610 W Westview Boulevard
General Information
Standard status
Active
Size
3,018 SF
Total Parking Spaces
19
Occupancy
100%
Additional Details
Gross Income
$31,800
Building Details
Year Built
1962
Tenancy
Multi
Listing Agency:
The Taflinger Real Estate Group
Listed By:
Brad Taflinger · License #RB14018444
(765) 748-2104
Source:
Spencerchildersgroup
Added: Aug 30
Changed: Oct 8
Last Checked: Oct 7 at 1:00PM
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 The Taflinger Real Estate Group
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Investment Insights
Based on property information with market context.
Located at 3610 W Westview Boulevard in Muncie, this 3,018-square-foot mixed-use property contains four units: three commercial suites and one residential unit. The building dates to 1962 and has undergone a comprehensive renovation covering both interior and exterior areas, along with its major mechanical systems.
The property is fully occupied and includes 19 on-site parking spaces, with one accessible space. An exterior ramp provides access to Units A and C. The combination of commercial and residential space, refreshed building systems, and established occupancy creates a straightforward mixed-use configuration for an owner evaluating a commercial real estate asset.
The property is fully occupied and includes 19 on-site parking spaces, with one accessible space. An exterior ramp provides access to Units A and C. The combination of commercial and residential space, refreshed building systems, and established occupancy creates a straightforward mixed-use configuration for an owner evaluating a commercial real estate asset.
Key Highlights
- 3,018 SF mixed‑use property at 3610 W Westview Boulevard, Muncie, IN 47304
- Four‑unit configuration with three commercial suites and one residential unit
- Fully occupied property with established tenancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,323
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$506,460
$506.5K
Cap Rate 7%
$361,757
$361.8K
Cap Rate 9%
$281,367
$281.4K
Market Conditions
NOI Build-Up for 3,018 SF
Gross rent
$45.3K $15.00/SF
− Vacancy
−$4.8K −$1.58/SF
EGI
$40.5K $13.43/SF
− OpEx
−$15.2K −$5.03/SF
NOI
$25.3K $8.39/SF
Area
Delaware County, IN
Vacancy
10.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$506,460
Cap Rate 7%
$361,757
Cap Rate 9%
$281,367
Alternative Uses
Best Use
Mixed Use
$361.8K
$316.5K – $422.1K
NOI $25,323 @ 7.0% cap · market cap 6.33%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.12M
$1.86M – $2.47M
NOI $148,417 @ 7.0% cap · market cap 37.11%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
453
Businesses Nearby
Explore this area
Business Placement
Demographics for 47304, IN
30,366
Population
14,303
Households
2.1
Avg Household Size
39
Median Age
41%
College-Educated
95%
High-School Grad
34.7 sq mi
ZIP Area
875
Density / Sq Mi
$67,756
Median Household Income
$33,077
Median Earnings
$951
Median Rent
$161,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully occupied layout combines commercial and residential space with updated systems and on-site parking.
Where is this mixed-use property located?
The property is located at 3610 W Westview Boulevard Muncie, IN.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 3,018 SF mixed‑use property at 3610 W Westview Boulevard, Muncie, IN 47304; Four‑unit configuration with three commercial suites and one residential unit; Fully occupied property with established tenancy
