Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Financial
Distress signals
Property profile

3121 S Walnut St Muncie, IN 47302

FOR LEASE
Industrial properties
Property ID
US31-1379101
2,042 SF 0.94 ac lot Built 1961
Last sale Mar 2024
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$5k
Tax billed · 2023
Assessed value$142k
Assessed land$28k
Assessed improvement$114k
Effective rate3.85%

Value estimate

· Oct 2026
$250k
$225k – $275k
AI approach$250k
NOI build-up
Gross scheduled income$203k
Vacancy & credit loss−$21k
Operating expenses−$68k
NOI · 1,137,940.00% cap applied$114k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
1,137,940.00%
$114k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionDELAWARE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency21.8
Dental Office18.7
Building Supply17.9

Location

3121 S Walnut St Muncie, IN 47302
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 15 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1300 Gilman, Muncie, IN 47302-1624 $190,000 May 2024 6,175 SF
3690 Hoyt, Muncie, IN 47302-4900 $350,000 Feb 2024 10,000 SF
2401 Monroe, Muncie, IN 47302-4227 $273,500 Dec 2022 11,520 SF
3655 Cowan, Muncie, IN 47302-9219 $249,000 Feb 2020 8,826 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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?”
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
Why this one?
Saved
Reason not saved — we won't ask again