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    FOR LEASE
    Warehouses

    206 W Ontario Dr, Muncie, IN 47303

    1,476 SF 2.61 ac lot Built 1980
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US31-2091848
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents approximately 12,000 square feet of outdoor storage space situated within the established Bigger Garage Self Storage facility in Muncie, Indiana. Located in the convenient and secure north Muncie Airpark industrial park at 206 W Ontario Dr, Muncie, IN 47303, this single-tenant property offers immediate income potential. The land is currently utilized for outdoor storage, providing ample space for various uses. Currently available unit sizes include 10x10, 10x15, and 15x20, catering to a diverse range of storage needs. This property presents a unique opportunity for investors seeking a stable, income-generating asset in a desirable location. The existing infrastructure within the Bigger Garage Self Storage facility provides a secure and well-maintained environment. Furthermore, there exists potential for expansion, with the possibility of adding enclosed storage units to further enhance the property's value and rental income. This is a prime opportunity to acquire a well-positioned outdoor storage asset in a growing industrial area of Muncie. The property's location within the Airpark industrial park offers excellent accessibility and visibility. This land parcel provides a solid foundation for continued growth and profitability. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Warehouses
    Use group MINI-WAREHOUSE, STORAGE
    Year built 1980
    Construction WOOD
    Total area 1,476 SF
    Lot 2.61 ac (113,909 SF)
    APN 18-07-33-276-002.000-003
    UPID US31-2091848
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Shelter Insurance - Katy Combs Insurance Agency
    • Bigger Garage Self-Storage Storage Facility
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Bigger Garage Five LLC · 3 yrs held
    Bigger Garage Five LLC
    since 2023
    7 recorded transactions
    2023
    2022
    2017
    2017
    2012
    2012
    2007
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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