Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4100 Broadway Ave Muncie, IN 47303
    Property profile & analytics

    4100 Broadway Ave Muncie, IN 47303

    View on Map
    • Land
    • 0.90 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 4100 Broadway Ave

    Lot size
    0.90 lot acres
    Property type
    Land

    Description

    This exceptional 0.9-acre commercial land parcel presents a unique investment opportunity in Muncie, Indiana. Located at 4100 N Broadway Ave, this property boasts a highly desirable location within Delaware County, offering excellent visibility and accessibility. The asking price is $75,000, translating to a price per acre of $55,556. The property's APN is 18-07-35-154-006.000-003. Its convenient location in Muncie, IN, zip code 47303, makes it ideal for a variety of commercial ventures. The geographic coordinates are 40.226459 latitude and -85.367261 longitude. This level, commercially-zoned land is ready for immediate development, providing a blank canvas for entrepreneurs and investors seeking a strategic foothold in a growing market. The substantial lot size offers ample space for various commercial projects, from retail establishments to light industrial uses. Serious inquiries are encouraged to explore the potential of this prime commercial property. Don't miss this chance to acquire a valuable asset in a thriving Indiana community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Muncie
    County
    Delaware
    State
    Indiana
    Longitude
    -85.3673
    Latitude
    40.2265

    Comparable in this City

    • Value Estimation by Request
      1.42 Acres

      2900 Mcgalliard Rd

      Land • 1.42 Acres
      2900 Mcgalliard Rd, Muncie, IN 47303
      View Details
    • Value Estimation by Request
      20,029 SF

      1300 University Ave

      Land • 20,029 SF
      1300 University Ave, Muncie, IN 47303
      View Details
    • Value Estimation by Request
      81.52 Acres

      4501 Mcgalliard Rd

      Farms • 81.52 Acres
      4501 Mcgalliard Rd, Muncie, IN 47303
      View Details
    • Value Estimation by Request

      1600 In-28

      Land
      1600 In-28, Muncie, IN 47303
      View Details
    • Value Estimation by Request

      2901 Crk 700

      Farms
      2901 Crk 700, Muncie, IN 47303
      View Details
    • Value Estimation by Request
      0.15 Acres

      223 Cole Ave

      COMMERCIAL (GENERAL) • 0.15 Acres
      223 Cole Ave, Muncie, IN 47303
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      North Muncie Office Suite

      Professional office suite in a peaceful, accessible location.
      1600 W Riggin Rd, Muncie, IN 47303
      View Details
    • Contact for pricing

      Land Available on Broadway Avenue

      Land for sale at 4100 N Broadway Ave, Muncie, IN.
      4100 N Broadway Ave, Muncie, IN 47303
      View Details
    • $1,222,800

      Land Available For Sale

      Land available for sale at 4501 E mcgalliard road.
      4501 E Mcgalliard Rd, Muncie, IN 47303
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Nebo Commons Commercial Development Land

      32.05 acre commercial development land in Muncie, Indiana.
      W Hometown Blvd, Muncie, IN 47303
      View Details
    • $4 SF/Yr
      28,000 SF

      Muncie Industrial Spaces For Lease

      Industrial spaces available in Muncie with recent improvements and convenient location.
      2100 N Granville Ave, Muncie, IN 47303
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available for lease. Contact agent for details.
      819 E Mcgalliard Rd, Muncie, IN 47303
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Near Ball State

      Retail space available near Ball State University.
      617 East Mcgalliard Rd, Muncie, IN 47303
      View Details
    • $3,900 /Mo
      4,562 SF

      Ball State Village Retail Space

      Retail space near Ball State University and Performing Arts Center.
      1813 W University Ave, Muncie, IN 47303
      View Details
    • $3,000 /Mo
      4,604 SF

      Muncie Warehouse Flex Space Available

      Warehouse flex space with office in a great Muncie location.
      2105-2109 W Godman Ave, Muncie, IN 47303
      View Details
    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.
    4100 Broadway Ave
    Muncie, IN 47303
    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
    4100 Broadway Ave, Muncie, IN, 47303
    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!