Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    3517 Broadway Ave Muncie, IN 47303-1311
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3517 Broadway Ave Muncie, IN 47303-1311

    View on Map
    • Office properties & Spaces
    • 1,218 SF
    • 0.63 lot acres
    Off-Market
    Property ID
    US31-1664660
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ESTEP'S 5 STAR AUTO / Car Dealership
    • RDI Motors / Car Dealership
    • Capitol Motors / Car Dealership

    Property Details for 3517 Broadway Ave

    Year built
    1930
    Construction
    WOOD
    Lot size
    0.63 lot acres
    Property size
    1,218 SF
    Property type
    Office properties & Spaces
    APN
    18-07-34-429-025.000-003
    APU
    180734429025000003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Muncie
    County
    Delaware
    State
    Indiana
    Longitude
    -85.3718
    Latitude
    40.2224
    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
    $5,428
    $98,800
    $42,200
    $141,000
    -
    $98,800
    $42,200
    $141,000

    Comparable in this City

    • Value Estimation by Request
      0.42 Acres

      1908 Mcgalliard Rd

      Multifamily properties • 0.42 Acres
      1908 Mcgalliard Rd, Muncie, IN 47303
      View Details
    • Value Estimation by Request
      700 SF

      2901 Granville Ave

      OFFICE (GENERAL) • 700 SF
      2901 Granville Ave, Muncie, IN 47303-2123
      View Details
    • Value Estimation by Request
      1,008 SF

      2507 Jackson St

      OFFICE (GENERAL) • 1,008 SF
      2507 Jackson St, Muncie, IN 47303-4632
      View Details
    • Value Estimation by Request
      981 SF

      4290 County Rd 350th N

      OFFICE (GENERAL) • 981 SF
      4290 County Rd 350th N, Muncie, IN 47303
      View Details
    • Value Estimation by Request
      2,160 SF

      2735 Dr Martin Luther King Jr Blvd

      OFFICE (GENERAL) • 2,160 SF
      2735 Dr Martin Luther King Jr Blvd, Muncie, IN 47303
      View Details
    • Value Estimation by Request
      4,576 SF

      614 Streeter Ave

      OFFICE (GENERAL) • 4,576 SF
      614 Streeter Ave, Muncie, IN 47303-1919
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Development Site on Retail Artery

      Small development site suitable for retail or office use.
      1908 E Mcgalliard Rd, Muncie, IN 47303
      View Details
    • Contact for pricing

      North Muncie Office Suite

      Professional office suite in a peaceful, accessible location.
      1600 W Riggin Rd, Muncie, IN 47303
      View Details
    • $375,000
      6,982 SF

      Muncie Commercial Property For Sale

      Versatile 6,982 SF commercial building on 0.43 acres.
      1901 W Kilgore Ave, Muncie, IN 47303
      View Details
    • $3,400,000
      3.42 Acres

      Muncie Office Opportunity

      Well-located Muncie office property with high visibility and accessibility.
      800 S Tillotson Ave, Muncie, IN 47303
      View Details
    • Contact for pricing
      5,754 SF

      Muncie Office Building For Sale

      5,754 SF office building available in Muncie, Indiana.
      4008 W Bethel Ave, Muncie, IN 47303
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      75,764 SF

      Modern Flex Building with Amenities

      Well-maintained flex building with ample parking and modern amenities.
      4501 N Superior Dr, Muncie, IN 47303
      View Details
    • New
      $2,200 /Mo
      1,914 SF

      Prime Retail Space Near University

      1914 SF retail space near IU Health and Ball State.
      2606 W Jackson St, Muncie, IN 47303
      View Details
    • $11 SF/Yr
      2,375 SF

      Muncie Office Suite For Rent

      Professional office suite in North Muncie with flexible workspace.
      1600 W Riggin Rd, Muncie, IN 47303
      View Details
    • $12 SF/Yr
      5,263 SF

      Office Space on Riggin Road

      Office space for lease with restrooms to be constructed.
      411 W Riggin Rd, Muncie, IN 47303
      View Details
    • $3,000 /Mo
      4,604 SF

      Muncie Warehouse Flex Space Available

      Warehouse flex space with office in a great Muncie location.
      2105-2109 W Godman Ave, Muncie, IN 47303
      View Details
    • Contact for pricing

      McGalliard Road Retail Space Available

      Retail space for lease on McGalliard Road.
      310 E Mcgalliard Rd, Muncie, IN 47303
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3517 Broadway Ave
    Muncie, IN 47303-1311
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!