Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commercial Land in Nebo Commons Title is generated by Realmo AI

    6500 Blk W Hometown Blvd, Muncie, IN

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    3.04 acre commercial land with paved parking and lighting.

    Type:LAND
    Lot size:
    3.04 Acres
    Added:
    Nov 24, 2025
    Days on Market:
    175
    Last Refresh:
    Apr 5 at 8:38 pm

    Property Features for 6500 Blk W Hometown Blvd

    General Information

    Standard status
    Active
    Lot size
    3.04 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Lisa Brand, CCIM
    Lisa Brand, CCIM

    Listing agent Lisa Brand, CCIM License #RB14020834

    Listing office ADM Commercial Real Estate

    Listing date Nov 24, 2025

    Source Moodyscre

    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

    HighLights

    • Located at a major trade intersection of SR 332 (McGalliard) and Nebo Road.
    • Surrounded by established retailers including Menard's and Meijer.
    • Site is already improved with paved parking and lighting.
    • Located in a TIF district.
    • 3.04 acre site.
    • Part of Nebo Commons Planned Commercial Development.

    Overview

    This 3.04-acre commercial land is located within Nebo Commons, a planned commercial development at the intersection of SR 332 (McGalliard) and Nebo Road. The site is improved with paved parking and lighting. The location is part of a TIF district. Current retailers in the area include Menard's, Meijer, Discount Tire, Three Rivers Credit Union, Harley Davidson, Toyota, American Chevrolet, KIA, Dellen Ford and Hyundai, and Holiday Inn Express & Suites.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Dental Office Big Box & Wholesale Store Auto Repair Shop Pharmacy Auto Parts Store Kitchen & Bath Showroom Food Market Storage Facility Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Muncie
    County
    Delaware
    State
    Indiana
    Longitude
    -85.4628
    Latitude
    40.2184

    Nearby Similar for Sale

    • $399,900
      8,483 SF

      Spacious Commercial Building with Showroom

      8,483 sq ft commercial building with warehouse and showroom.
      4411 N Broadway Avenue, Muncie, IN 47303
      View Details
    • $945,000

      Downtown Muncie Commercial Building

      20,000 SF commercial building with parking lots.
      225 N High Street, Muncie, IN 47305
      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
    • $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
    • $250,000

      Turnkey Salon Near Ball State

      Fully operational salon near Ball State University for sale.
      201 E Centennial Avenue, Muncie, IN 47303
      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

    FAQs

    What type of property is this?
    Commercial land - 3.04 acre commercial land with paved parking and lighting.
    Where is this commercial land located?
    The property is located at 6500 Blk W Hometown Blvd Muncie, IN.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: Located at a major trade intersection of SR 332 (McGalliard) and Nebo Road.; Surrounded by established retailers including Menard's and Meijer.; Site is already improved with paved parking and lighting.
    (765) 744-7905 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Lisa Brand, CCIM
    Lisa Brand, CCIM
    Real Estate License ID: RB14020834
    Learn More
    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
    6500 Blk W Hometown Blvd , Muncie, IN
    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!