Technical
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Property profile

223 Ontario Dr Muncie, IN 47303

OFF-MARKET
Office Spaces
Built 2005
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Property summary

AI-generated overview

This exceptional 720-square-foot office space, located at 223 W Ontario Dr in Muncie, Indiana, presents a fantastic opportunity for a single tenant. Built in 2005, this single-story building offers a traditional office layout adaptable to various needs, including creative or medical practices. The space features a large open area perfect for staff or a showroom, complemented by a convenient kitchenette and restroom. A private office provides additional space for individual work or meetings. The property sits on a sizable 46,609-square-foot lot, ensuring ample parking and outdoor space. Its convenient location just north of the intersection of McGalliard Road and Walnut Street, near the Muncie Airport, provides excellent accessibility and visibility. The building is exceptionally well-maintained, reflecting a commitment to quality and functionality. This property is ideal for businesses seeking a comfortable, efficient, and strategically located office space in Muncie, Indiana. The zip code is 47303. The property is classified as a Traditional Office, Creative Office, and Medical Office.

Property profile

Verified
Property type Office Spaces
Year built 2005

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency

Location

223 Ontario Dr Muncie, IN 47303
Muncie metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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