Property profile

1500 Blk W Neely Ave Muncie, IN 47303

OFF-MARKET
Medical Office Space
Property ID
US31-1815343
15,620 SF 20 ac lot Built 1962
Entity Owned Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1962
Construction TYPE NOT SPECIFIED
Total area 15,620 SF
Lot 20 ac (871,200 SF)
APN 18-11-09-101-001.000-003
UPID US31-1815343

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
  • Medical Clinic
  • Pediatrician Physician
  • Medical Clinic
  • Physician
  • Medical Clinic

Location

1500 Blk W Neely Ave Muncie, IN 47303
Muncie metro Census 902 MUNCIE, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.39M
Blend (final) Blend
$1.34M

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Restaurant $1.4M +62.0%
Commercial (general) $1.4M +57.3%
Retail stores $1.3M +51.4%

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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