Property profile

342 Pershing Dr Muncie, IN 47305

OFF-MARKET
Warehouses
Property ID
US31-1468764
12,623 SF 2.72 ac lot Built 1930
Entity Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1930
Construction TYPE NOT SPECIFIED
Total area 12,623 SF
Lot 2.72 ac (118,300 SF)
APN 18-11-10-379-011.000-003
UPID US31-1468764

Cap rate & NOI

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

Location

342 Pershing Dr Muncie, IN 47305-1933
Muncie metro Census 2800 MUNCIE, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$390k
CAP Approach CAP
by Request
Comparable Approach Comparable
$639k
Blend (final) Blend
$390k

Owner & transaction history

since 2023
1 recorded transaction
2023
Price N/A

Zoning & alternative use

Top alternative use upside
Apartment house (5+ units) $805,000 +95.1%
Industrial (general) $765,000 +85.6%
Commercial (general) $670,000 +63.0%

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
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