Building Details

Year built 2000

Flooring type Vinyl, Carpet

Roof type Shingle

Listing Agency: Corporate Commercial Group Show Phone

Listed By: Santino Zurzolo · License #RB23001926 Show Phone

Added: Oct 15 Changed: Oct 16 Last Checked: Oct 16 at 9:06PM

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MLS# 202642913

Copyright © 2026 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

The 2,400-square-foot office building, constructed in 2000, is fully leased to two professional office tenants. The site includes an established entrance, paved parking, and a drive-through canopy. Interior finishes include vinyl and carpet flooring, with central air conditioning and a shingle roof.

The 0.91-acre property fronts State Road 32 in Muncie, between an IU Health Ball Memorial Hospital primary care facility and a Wawa convenience store and gas station. The corridor carries approximately 14,365 vehicles daily, according to 2025 INDOT data. Connections to US Highway 35 and State Road 67 provide regional access.

Key Highlights

• 2,400‑square‑foot office building fully leased to two professional office tenants
• 0.91‑acre site with direct State Road 32 frontage
• Approximately 14,365 vehicles travel the corridor daily, per 2025 INDOT data

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,538

Cap Rate

3.65%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$510,760 $510.8K

Cap Rate 7%

$364,829 $364.8K

Cap Rate 9%

$283,756 $283.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,400 SF

Gross rent

$43.5K $18.12/SF

− Vacancy

−$9.4K −$3.93/SF

EGI

$34.1K $14.19/SF

− OpEx

−$8.5K −$3.55/SF

NOI

$25.5K $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%

$510,760

Cap Rate 7%

$364,829

Cap Rate 9%

$283,756

Alternative Uses

Best Use

Office B

$364.8K

$319.2K – $425.6K (±1% cap)

NOI $25,538 @ 7.0% cap · market cap 3.65%

Second Best

—

—

no second resolved use

Theoretical Best

Multifamily LT 5

$1.69M

$1.48M – $1.97M (±1% cap)

NOI $118,025 @ 7.0% cap · market cap 16.88%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Edward Jones - Financial ... Financial Advisor Northwest Bank (ATM ... Atm ATM Atm KTL Performance Mortgage ... Loan Service 15 East Jackson Corporate Office

Suggested Use

Top Pick Building Supply (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Cafe & Coffee Shop Skin Care Clinic Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

14,365 VPD

Traffic count

100%

Occupancy

Multi-tenant

Tenancy

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

91

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

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Two professional office tenants occupy the property under full occupancy.

Where is this office building located?

The property is located at 4710 E Jackson Street Muncie, IN.

What is the asking price?

The asking price for this property is $699,000.

What are key features of this property?

This property features: 2,400‑square‑foot office building fully leased to two professional office tenants; 0.91‑acre site with direct State Road 32 frontage; Approximately 14,365 vehicles travel the corridor daily, per 2025 INDOT data