Property profile

3601 Morrison Rd Muncie, IN 47304

OFF-MARKET
Warehouses
Property ID
US31-3187806
11,700 SF 7.51 ac lot Built 2019
Entity Owned 5-yr Hold Free & Clear
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Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 2019
Construction TYPE NOT SPECIFIED
Total area 11,700 SF
Lot 7.51 ac (327,136 SF)
APN 18-06-36-476-022.000-040
UPID US31-3187806

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Storage Facility

Location

3601 Morrison Rd Muncie, IN 47304-5547
Muncie metro Census 2502 MUNCIE, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$470k
CAP Approach CAP
by Request
Comparable Approach Comparable
$592k
Blend (final) Blend
$530k

Owner & transaction history

since 2021
2 recorded transactions
2021
Price N/A
2018
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $885,000 +131.1%
Commercial (general) $750,000 +96.5%
Apartment house (5+ units) $745,000 +95.1%

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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