Technical
Financial
Distress signals
Property profile

3631 N Morrison Rd Muncie, IN 47304

FOR LEASE
Medical Office Space
Property ID
US31-1911782
35,296 SF 3.71 ac lot Built 2006
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional medical office space, located at 3631 N Morrison Rd in Muncie, Indiana, offers 3,544 square feet of readily available space within a multi-tenant building. Situated in Delaware County, this property enjoys a highly desirable location near IU Health Ball Memorial Hospital and Ball State University, ensuring excellent visibility and accessibility for patients and staff. The building features a convenient covered patient drop-off area, eliminating weather-related concerns for visitors. Ample parking is also provided, ensuring convenient access for both patients and employees. The property is classified as an office building with a medical office subtype, making it ideal for a variety of healthcare practices. The available space presents a fantastic opportunity for expansion or relocation for medical professionals seeking a well-situated and functional workspace. The property's proximity to major healthcare facilities and a university contributes to a strong patient base and a vibrant community atmosphere. This is a turnkey solution for medical practices looking for a move-in ready space with convenient amenities. The zip code is 47304. Serious inquiries are encouraged to explore this exceptional opportunity further.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2006
Construction TYPE NOT SPECIFIED
Total area 35,296 SF
Lot 3.71 ac (161,608 SF)
APN 18-06-36-476-007.000-040
UPID US31-1911782

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
  • Physician
  • Physician
  • Pediatrician Physician
  • Pediatrician Physician
  • Pharmacy

Location

3631 N Morrison Rd Muncie, IN 47304
Muncie metro Census 2502 MUNCIE, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.06M
Comparable Approach Comparable
$3.67M
Blend (final) Blend
$4.37M

Owner & transaction history

since 2025
4 recorded transactions
2025
Price N/A
2023
Price N/A
2018
Price N/A
2013
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $3.2M +20.9%
Auto repair, garage $3.0M +14.0%

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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