Retail
For Sale
Contact for pricing
4415 N Broadway Avenue, Muncie, IN 47303
The approximately 1,000-square-foot space is suited to office or retail use.
Property Size1,000 SF
Price / SF$9.60
Days on Market9
Property Features for 4415 N Broadway Avenue
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Commercial
Additional Details
Property Use
Office or Retail
Building Details
Year Built
1957
Listing Agency:
RE/MAX Real Estate Groups
Listed By:
Ryan Kramer · License #36824
(765) 717-2489
Source:
Jmrealtyonline
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 2:59PM
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 RE/MAX Real Estate Groups
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail space at 4415 N Broadway Avenue in Muncie contains approximately 1,000 square feet. The property was built in 1957 and was most recently occupied by Penske Truck Rental.
Key Highlights
- Approximately 1,000 +/- sqft of space
- Office or retail use
- Built in 1957
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,641
Suggested Prices Based on Cap Rates
Cap Rate 5%
$212,820
$212.8K
Cap Rate 7%
$152,014
$152.0K
Cap Rate 9%
$118,233
$118.2K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$18.1K $18.12/SF
− Vacancy
−$3.9K −$3.93/SF
EGI
$14.2K $14.19/SF
− OpEx
−$3.5K −$3.55/SF
NOI
$10.6K $10.64/SF
Area
Delaware County, IN
Vacancy
21.70%
Lease Rate
$18.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$212,820
Cap Rate 7%
$152,014
Cap Rate 9%
$118,233
Alternative Uses
Best Use
Retail
$238.6K
$208.8K – $278.4K
NOI $16,703 @ 7.0% cap · market cap 173.99%
Second Best
Office B
$152.0K
$133.0K – $177.4K
NOI $10,641 @ 7.0% cap · market cap 110.84%
Theoretical Best
Multifamily LT 5
$702.5K
$614.7K – $819.6K
NOI $49,177 @ 7.0% cap · market cap 512.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - The approximately 1,000-square-foot space is suited to office or retail use.
Where is this retail space located?
The property is located at 4415 N Broadway Avenue Muncie, IN.
What are key features of this property?
This property features: Approximately 1,000 +/- sqft of space; Office or retail use; Built in 1957
