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Property profile & analytics

3121 Walnut St Muncie, IN 47302-5672

  • Industrial properties
  • 2,042 SF
  • 0.94 lot acres
OFF-MARKET
Last Sale
Mar 05, 2024
Value Estimations
$275,000
Show details
Cap Rate Potential
9.9%
Industrial properties
Location Intelligence
Property ID
US31-1379101
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

  • Ken-Bar Tool & Engineering Inc / Machine Shop

Property Details for 3121 Walnut St

Year built
1961
Construction
WOOD
Lot size
0.94 lot acres
Property size
2,042 SF
Property type
Industrial properties
APN
18-11-21-476-010.000-003
APU
181121476010000003

Description

This single-tenant industrial property, located at 3121 S Walnut St, Muncie, IN 47302, offers 13,562 square feet of versatile manufacturing space. Built in 1961, the building sits on 1.92 acres and features a 14-20 foot ceiling height, ideal for various manufacturing needs. The property includes approximately 9,520 square feet of shop area equipped with bus duct and air lines, along with updated front and rear offices, all centrally heated and cooled. Restrooms are conveniently located in both the front and rear areas. Power is robust, boasting 240V, 800 amp, 3-phase service. The property also benefits from one drive-in door for easy loading and unloading. Exterior improvements are planned, including fresh paint and repairs. The mostly fenced yard provides ample space, complemented by paved parking. The property is zoned for Variety Business and has an APN of 18-11-21-476-010.000-003. Annual property taxes are $0.42 per square foot. This well-maintained property presents a unique opportunity for businesses seeking a functional and efficient workspace in a convenient Muncie location.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $250,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $410,000
    6.5%
    $380,000
    7%
    $355,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $221,000
    Market price range: $35.0k - $221k
  • Alternative Use

    Use
    Estimation
    AUTO REPAIR, GARAGE
    $225,000
    RETAIL STORES
    $200,000
    COMMERCIAL (GENERAL)
    $190,000

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


Location Insight

  • Map
  • Local Demand
City
Muncie
County
Delaware
State
Indiana
Longitude
-85.3867
Latitude
40.1655
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
$5,443
$27,600
$113,900
$141,500
-
$27,600
$113,900
$141,500
More about this property
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