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2001 S Madison St Muncie, IN 47302

Outlet malls Google Maps
7,000 SF 0.68 ac lot Built 1988
Entity Owned 5-yr Hold ~ Est. High Equity
Estimated value (blended)
$250k
Range $225k – $275k (±10%)
Property ID US31-2107698

Property summary

AI-generated overview

This exceptional investment opportunity presents a well-maintained, 7,000 square foot commercial building situated on a 0.68-acre lot at 2001 S Madison Street in Muncie, Indiana. Currently leased to Advanced Auto Parts under a recently extended five-year lease, this property offers a secure and stable income stream. The building was specifically constructed for Advanced Auto Parts, ensuring a functional and efficient layout perfectly suited to their operations. Annual rental income totals $50,400, generating a compelling 7.25 cap rate, representing a strong return on investment. The property boasts ample parking, a significant advantage for both the tenant and potential future occupants. Its strategic location in a thriving retail corridor, just south of established businesses like CVS and Walgreens, guarantees high visibility and accessibility. This prime commercial property is an ideal addition to any diversified investment portfolio, offering a blend of stability, strong returns, and excellent long-term potential. The building's excellent condition and the tenant's long-term commitment minimize risk and maximize the potential for consistent cash flow. This is a rare opportunity to acquire a high-performing, net-leased property in a desirable location. The property's size, location, and current lease terms make it an attractive investment for both seasoned and emerging investors seeking a stable and profitable addition to their holdings.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1988
Construction TYPE NOT SPECIFIED
Total area 7,000 SF
Lot 0.68 ac (29,800 SF)
APN 18-11-22-108-009.000-003
UPID US31-2107698

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
  • Courier Service Postal Service
  • Auto Parts Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$858k
Blend (final) Blend
$250k

Owner & transaction history

since 2021
1 recorded transaction
2021
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $770,000 +11.6%

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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