New search
Property profile & analytics
OFF-MARKET
Grocery and convenience stores
3401 Memorial Dr, Muncie, IN 47302-4800
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US31-1810902
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1951
Construction
WOOD
Total area
1,296 SF
Lot
0.28 ac (12,210 SF)
APN
18-11-24-103-001.000-003
UPID
US31-1810902
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
G N D Gas Station
-
Sunoco Gas Station
-
ROYAL BROTHERS Gas Station
-
RockItCoin Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Muncie Gas & Convenience INC · 2 yrs held
Muncie Gas & Convenience INC
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Muncie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Muncie submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,898
Tax year 2023
Assessed value
$285,800
Assessed 2023
Previous assessed
$285,800
+0.0% YoY
Effective rate
3.11%
On assessed value
Assessed land
$28,100
Assessed improvement
$257,700
Land market value
$28,100
Improvement market value
$257,700
Total market value
$285,800
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1951
Construction
WOOD
Heating
NONE
Stories
1
Total area
1,296 SF
Lot
0.28 ac (12,210 SF)
APN
18-11-24-103-001.000-003
UPID
US31-1810902
Jurisdiction
DELAWARE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1951
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Muncie Gas & Convenience INC
Entity
Mailing address
6426 SUGAR MAPLE DR, ZIONSVILLE, IN 46077-7668
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2024
—
Muncie Gas & Convenience INC
Mk Gas & Convenience INC
Special Warranty Deed
$583,400 · First Merchants Bank NA
Mar 27, 2024
$30,000
Amandeep Singh
Major Khera
Warranty Deed
$583,400 · First Merchants Bank NA
Apr 28, 2021
—
Mk Gas & Convenience INC
—
Deed
related
$83,000 · Surmukh Singh
Dec 26, 2018
—
Royal Brothers INC
Ssk Oil INC
Limited Warranty Deed
—
Mar 2, 2015
$26,200
Ssk Oil INC
Talena Edwards
Warranty Deed
—
Mar 2, 2015
—
Ssk Oil INC
Malkiat Singh Kular
Quit Claim Deed
related
—
Jul 25, 2008
—
Malkiat Singh Kular
Jerri K Mason
Warranty Deed
—
Oct 15, 2007
$150,000
Malkiat Singh Kular
Jerri K Mason
Land Contract
—
Oct 3, 2005
—
Jerri K Mason
H Steven Mason
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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 3401 Memorial Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
