Property profile

3008 Walnut St Muncie, IN 47303

OFF-MARKET
Showrooms
Property ID
US31-2291116
7,200 SF 0.45 ac lot Built 1971
Entity Owned 1-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional investment opportunity presents a two-building industrial property located at 3008 N Walnut St, Muncie, Indiana, 47303. The property encompasses a total of 17,225 square feet situated on a 3.43-acre lot (APN: 18-11-03-151-059.000-003). Currently operating at 100% occupancy, this single-tenancy property offers a compelling return. The property is zoned for Variety Business & Intense Industrial use, providing flexibility for a range of potential uses. The complex comprises two single-story buildings. The front building, ideal for contractor retail use, offers 7,200 square feet of space. The rear building, currently utilized as a parts warehouse, provides an additional 10,025 square feet. This property is an excellent choice for investors seeking a stable, high-occupancy industrial asset in a desirable location. The asking price is $699,900, translating to a price per square foot of $40.63. This property offers a unique blend of retail and warehouse space, making it a versatile and attractive investment opportunity. The Delaware County location provides easy access to major transportation routes, further enhancing its appeal. Serious inquiries are encouraged.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1971
Construction WOOD
Total area 7,200 SF
Lot 0.45 ac (19,602 SF)
APN 18-11-03-151-012.000-003
UPID US31-2291116

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3008 Walnut St Muncie, IN 47303-1965
Muncie metro Census 1100 MUNCIE, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2024
2 recorded transactions
2024
Price N/A
2009
Price N/A

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3008 Walnut St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message