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    Property profile & analytics

    3201 Morrison Rd Muncie, IN 47304-5541

    • Turn key restaurants
    • 3,819 SF
    • 0.72 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US31-2306249
    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

    • Taco Bell / Mexican Restaurant / Restaurant

    Property Details for 3201 Morrison Rd

    Year built
    2012
    Construction
    WOOD
    Lot size
    0.72 lot acres
    Property size
    3,819 SF
    Property type
    Turn key restaurants
    APN
    18-10-01-226-002.000-031
    APU
    181001226002000031

    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
    -85.4431
    Latitude
    40.2188
    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
    $22,126
    $375,300
    $322,300
    $697,600
    -
    $375,300
    $322,300
    $697,600

    Comparable in this City

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      1400 Nebo Rd

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      $415,000
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      2200 Kilgore Ave

      RESTAURANT • 4,069 SF
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      3901 Bethel Ave

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      $360,000
      3,188 SF

      3113 Oakwood Ave

      RESTAURANT • 3,188 SF
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    • Value Estimation
      $290,000
      3,973 SF

      214 Tillotson Ave

      RESTAURANT • 3,973 SF
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      View Details

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      Retail property available for sale in Muncie, Indiana.
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    Similar Nearby for Lease

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    • New
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    • $12 SF/Yr
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    Property Visit Statistics

    • Visits by month
      8.0k
    • Visitors by month
      5.8k
    • Avg Time on site
      12 min
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    3201 Morrison Rd
    Muncie, IN 47304-5541
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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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