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    Property profile & analytics

    3000 White River Blvd Muncie, IN 47304

    • Office Properties & Spaces
    • 6,000 SF
    • 0.70 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-2257809
    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

    • Office Properties & Spaces

    Property Details for 3000 White River Blvd

    Year built
    2009
    Construction
    WOOD
    Lot size
    0.70 lot acres
    Property size
    6,000 SF
    Property type
    Office Properties & Spaces
    APN
    18-11-17-158-030.000-003
    APU
    181117158030000003

    Description

    This exceptional commercial property, located at 3000 W White River Blvd in Muncie, Indiana, offers a rare opportunity for businesses seeking executive office space. The building, totaling 6,025 square feet, features a retail and office layout with multiple tenancies. Currently, there are two available spaces, each ranging from 1,362 to 1,400 contiguous square feet. A significant 2,762 square feet of vacant space is ready for immediate occupancy, providing flexibility for businesses of various sizes. The property's location in Delaware County offers convenient access to key transportation routes and amenities. This is an ideal setting for companies seeking a professional and well-maintained workspace. The minimum divisible space is 1,362 square feet, ensuring suitability for a range of business needs. The maximum contiguous space available is 1,400 square feet, perfect for businesses requiring a single, larger office suite. This property presents a unique chance to establish a presence in a thriving Muncie business community. The address is 3000 W White River Blvd, Muncie, IN 47304. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $325,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $676,000
      Market price range: $190k - $677k

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

    Location Insight

    • Map
    • Local Demand
    City
    Muncie
    County
    Delaware
    State
    Indiana
    Longitude
    -85.4214
    Latitude
    40.1859
    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
    $21,423
    $306,200
    $386,300
    $692,500
    -
    $306,200
    $386,300
    $692,500

    Comparable in this City

    • Value Estimation by Request
      2,144 SF

      3718 Wheeling Ave

      OFFICE (GENERAL) • 2,144 SF
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      View Details
    • Value Estimation by Request
      5,796 SF

      3500 Wheeling Ave

      OFFICE (GENERAL) • 5,796 SF
      3500 Wheeling Ave, Muncie, IN 47304-2042
      View Details
    • Value Estimation
      $680,000
      8,700 SF

      3601 Everbrook Ln

      OFFICE (GENERAL) • 8,700 SF
      3601 Everbrook Ln, Muncie, IN 47304-5220
      View Details
    • Value Estimation by Request
      7,096 SF

      3410 Fox Rdg Ln

      OFFICE (GENERAL) • 7,096 SF
      3410 Fox Rdg Ln, Muncie, IN 47304-5203
      View Details
    • Value Estimation by Request
      2,400 SF

      5820 Kilgore Ave

      OFFICE (GENERAL) • 2,400 SF
      5820 Kilgore Ave, Muncie, IN 47304-4781
      View Details
    • Value Estimation by Request
      3,630 SF

      4001 Kilgore Ave

      OFFICE (GENERAL) • 3,630 SF
      4001 Kilgore Ave, Muncie, IN 47304-4815
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,025 SF

      Muncie Executive Office Space For Sale

      Prime Muncie office, 6,025 SF, lease options.
      3000 White River Blvd, Muncie, IN 47304
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    • $370,000
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      Remodeled Medical Space Available

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      Muncie Office Building For Sale

      Office building available for purchase in Muncie, Indiana.
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    • $325,000
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      Office Building on West McGalliard

      Office building with high exposure on West McGalliard Road.
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      Muncie Office Building For Sale

      Well-maintained office building in a prime commercial corridor.
      3621 N Everbrook Ln, Muncie, IN 47304
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    • $195,000
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      Muncie Industrial Land Investment

      25-Acre Industrial Land, Income Producing
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    Similar Nearby for Lease

    • $11 SF/Yr
      6,300 SF

      Muncie Office Space: 1,000 SF Available

      Prime Muncie location, modern office, NNN lease.
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    • $12 SF/Yr
      6,960 SF

      Muncie Office Suite for Lease

      Prime Muncie location, 940 sq ft office suite.
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    • $1,088 /Mo
      1,088 SF

      Muncie Co-Work Space Available

      Co-work space available on Muncie's Northwest side.
      1714 W Royale Dr, Muncie, IN 47304
      View Details
    • $2,375 /Mo
      10,241 SF

      Muncie Retail or Office Space

      Retail or office space near Tillotson, IU Hospital, and Ball State.
      2902 W White River Blvd, Muncie, IN 47304
      View Details
    • $1,800 /Mo
      1,600 SF

      Muncie Retail Space with Drive-Thru

      1,600 SF commercial space with drive-thru in Muncie, IN.
      4801 N Wheeling Ave, Muncie, IN 47304
      View Details
    • $1,000 /Mo
      900 SF

      Corner Office Suite For Rent

      Corner office suite with utilities included and parking.
      2000 W Riggin Rd, Muncie, IN 47304
      View Details
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    Muncie, IN 47304
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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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