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    Property profile & analytics

    1908 E Mcgalliard Rd Muncie, IN 47303

    • Retail properties & Spaces
    • 0.42 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-2132332
    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

    • Retail properties & Spaces

    Property Details for 1908 E Mcgalliard Rd

    Lot size
    0.42 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Office properties & Spaces

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Muncie
    County
    Delaware
    State
    Indiana
    Longitude
    -85.365
    Latitude
    40.2194

    Comparable in this City

    • Value Estimation by Request
      7.50 Acres

      Mcgalliard Visibility Next To Fresh Thyme Grocery

      Multifamily properties • 7.50 Acres
      0 Mcgalliard Visibility Next To Fresh Thyme Grocery, Muncie, IN 47303
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    • Value Estimation by Request
      5,404 SF

      1712 University Ave

      Restaurants • 5,404 SF
      1712 University Ave, Muncie, IN 47303
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    • Value Estimation by Request
      6,148 SF

      2901 Doctor M.l.k. Jr Blvd

      Individual retail properties • 6,148 SF
      2901 Doctor M.l.k. Jr Blvd, Muncie, IN 47303
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    • Value Estimation by Request
      21,458 SF

      819 Mcgalliard Rd

      Retail properties & Spaces • 21,458 SF
      819 Mcgalliard Rd, Muncie, IN 47303
      View Details
    • Value Estimation by Request
      1.82 Acres

      2300 Dr Martin Luther King Jr Blvd

      DEPARTMENT STORE • 1.82 Acres
      2300 Dr Martin Luther King Jr Blvd, Muncie, IN 47303-5186
      View Details
    • Value Estimation
      $10,790,000
      80,000 SF

      1200 Blk E Princeton Ave

      DEPARTMENT STORE • 80,000 SF
      1200 Blk E Princeton Ave, Muncie, IN 47303
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      McGalliard Visibility Commercial Property

      Commercial property with high visibility next to Fresh Thyme Grocery.
      Mcgalliard Visibility Next To Fresh Thyme Grocery, Muncie, IN 47303
      View Details
    • Contact for pricing

      Development Site on Retail Artery

      Small development site suitable for retail or office use.
      1908 E Mcgalliard Rd, Muncie, IN 47303
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    • $359,900
      0.35 Acres

      Established Muncie Restaurant and Bar

      Turn-key restaurant and bar opportunity with real estate included.
      3823 N Broadway Ave, Muncie, IN 47303
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    • Contact for pricing

      North Muncie Office Suite

      Professional office suite in a peaceful, accessible location.
      1600 W Riggin Rd, Muncie, IN 47303
      View Details
    • $375,000
      6,982 SF

      Muncie Commercial Property For Sale

      Versatile 6,982 SF commercial building on 0.43 acres.
      1901 W Kilgore Ave, Muncie, IN 47303
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    • $3,400,000
      3.42 Acres

      Muncie Office Opportunity

      Well-located Muncie office property with high visibility and accessibility.
      800 S Tillotson Ave, Muncie, IN 47303
      View Details

    Similar Nearby for Lease

    • $40 SF/Yr
      2,442 SF

      Restaurant Space with Drive-Thru

      First-class restaurant space with drive-thru, built in 2019.
      227 E Mcgalliard Rd, Muncie, IN 47303
      View Details
    • $9 SF/Yr
      75,764 SF

      Modern Flex Building with Amenities

      Well-maintained flex building with ample parking and modern amenities.
      4501 N Superior Dr, Muncie, IN 47303
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    • $11 SF/Yr
      2,375 SF

      Muncie Office Suite For Rent

      Professional office suite in North Muncie with flexible workspace.
      1600 W Riggin Rd, Muncie, IN 47303
      View Details
    • $14 SF/Yr
      32,557 SF

      Turnkey Medical Office Space

      Move-in ready medical office near IU Health and VA Clinic.
      800 S Tillotson 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
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    • $12 SF/Yr
      5,263 SF

      Office Space on Riggin Road

      Office space for lease with restrooms to be constructed.
      411 W Riggin Rd, Muncie, IN 47303
      View Details
    Request Owner's contact information
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    1908 E Mcgalliard Rd
    Muncie, IN 47303
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    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
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