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    Property profile & analytics

    1401 Wheeling Ave Muncie, IN 47303-2878

    • Office Properties & Spaces
    • 860 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimation
    $115,000
    Last Sale
    Jan 02, 2025
    $149,900
    Location Intelligence
    Property ID
    US31-1402798
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Black Sword / Tattoo Shop / Art Gallery

    Property Details for 1401 Wheeling Ave

    Year built
    1920
    Construction
    WOOD
    Lot size
    0.13 lot acres
    Property size
    860 SF
    Property type
    Office Properties & Spaces
    APN
    18-11-09-201-017.000-003
    APU
    181109201017000003

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Muncie
    County
    Delaware
    State
    Indiana
    Longitude
    -85.3955
    Latitude
    40.2059
    CBSA code
    34620
    CBSA name
    MUNCIE, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,471
    $17,700
    $27,400
    $45,100
    -
    $17,700
    $27,400
    $45,100

    Comparable in this City

    • Value Estimation by Request
      15,222 SF

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      OFFICE (GENERAL) • 15,222 SF
      1208 White Riv Blvd, Muncie, IN 47303-8002
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    • Value Estimation by Request
      111,177 SF

      9800 Williamson Rd

      OFFICE (GENERAL) • 111,177 SF
      9800 Williamson Rd, Muncie, IN 47303-9781
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    • Value Estimation by Request
      5,461 SF

      1300 Highland Ave

      OFFICE (GENERAL) • 5,461 SF
      1300 Highland Ave, Muncie, IN 47303-3941
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    • Value Estimation by Request
      960 SF

      4630 Broadway Ave

      OFFICE (GENERAL) • 960 SF
      4630 Broadway Ave, Muncie, IN 47303-1083
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    • Value Estimation by Request
      59,599 SF

      1401 Royerton Rd

      OFFICE (GENERAL) • 59,599 SF
      1401 Royerton Rd, Muncie, IN 47303-9442
      View Details
    • Value Estimation by Request
      31,846 SF

      401 Country Clb Rd

      OFFICE (GENERAL) • 31,846 SF
      401 Country Clb Rd, Muncie, IN 47303-2631
      View Details

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    1401 Wheeling Ave
    Muncie, IN 47303-2878
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    Realmo Value Estimation

    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.

    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.

    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
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