Property profile

1616 Wheeling Ave Muncie, IN 47303

OFF-MARKET
Outlet malls
Property ID
US31-1433340
9,230 SF 1.49 ac lot Built 2016
Entity Owned 10-yr Hold Free & Clear
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Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2016
Construction TYPE NOT SPECIFIED
Total area 9,230 SF
Lot 1.49 ac (65,000 SF)
APN 18-11-04-455-005.000-003
UPID US31-1433340

Cap rate & NOI

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

Location

1616 Wheeling Ave Muncie, IN 47303-1607
Muncie metro Census 1100 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
$1.11M
Blend (final) Blend
$375k

Owner & transaction history

since 2016
3 recorded transactions
2016
Price N/A
2015
Price N/A
2006
$57,235

Zoning & alternative use

Top alternative use upside
Restaurant $835,000 +7.0%
Commercial (general) $815,000 +3.9%

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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