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    Property profile & analytics

    223 Mcgalliard Rd Muncie, IN 47303-2010

    • Turn key restaurants
    • 2,697 SF
    • 1.08 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US31-1623721
    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

    • Wendy's / Fast Food Restaurant / Hamburger Restaurant
    • Red Lobster / Restaurant / Seafood Restaurant
    • Sean & Sons Electricians / Electrician

    Property Details for 223 Mcgalliard Rd

    Year built
    1977
    Lot size
    1.08 lot acres
    Property size
    2,697 SF
    Property type
    Turn key restaurants
    APN
    18-11-03-151-008.000-003
    APU
    181103151008000003

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Muncie
    County
    Delaware
    State
    Indiana
    Longitude
    -85.3848
    Latitude
    40.2185
    CBSA code
    34620
    CBSA name
    MUNCIE, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $27,187
    $564,500
    $301,800
    $866,300
    -
    $564,500
    $301,800
    $866,300

    Comparable in this City

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      810 Mcgalliard Rd

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      8,313 SF

      200 Mcgalliard Rd

      RESTAURANT • 8,313 SF
      200 Mcgalliard Rd, Muncie, IN 47303-1105
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      3,960 SF

      901 Mcgalliard Rd

      RESTAURANT • 3,960 SF
      901 Mcgalliard Rd, Muncie, IN 47303-2022
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      1,876 SF

      701 Mcgalliard Rd

      RESTAURANT • 1,876 SF
      701 Mcgalliard Rd, Muncie, IN 47303-1763
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      3901 Broadway Ave

      RESTAURANT • 7,548 SF
      3901 Broadway Ave, Muncie, IN 47303-1010
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    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Muncie Retail Strip Center Investment

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      Retail Space Near Ball State

      Retail space available near Ball State University.
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    Property Visit Statistics

    • Visits by month
      12.2k
    • Visitors by month
      9.6k
    • Avg Time on site
      13 min
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    223 Mcgalliard Rd
    Muncie, IN 47303-2010
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    Realmo Value Estimation

    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.

    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.

    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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