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    Property profile & analytics

    3701 Marleon Dr Muncie, IN 47304-7801

    • Office Properties & Spaces
    • 14,594 SF
    • 13.39 lot acres
    OFF-MARKET
    Value Estimation
    $16,365,000
    Last Sale
    Sep 07, 2023
    $20,000,000
    Location Intelligence
    Property ID
    US31-2074439
    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.

    Current Use by Public Records

    • Windermere Apartments / Apartment Building
    • The Haven / Apartment Rental Agency / Apartment Complex

    Property Details for 3701 Marleon Dr

    Year built
    2004
    Construction
    WOOD
    Lot size
    13.39 lot acres
    Property size
    14,594 SF
    Property type
    Office Properties & Spaces
    APN
    18-07-31-326-008.000-030
    APU
    180731326008000030

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $13,495,000

    • CAP approach

      CAP return
      Estimation
      6%
      $19,855,000
      6.5%
      $19,630,000
      7%
      $21,995,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $17,455,000
      Geo Method
      $18,220,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $18,340,000
      Retail
      $18,090,000
      Mixed-Use
      $17,415,000
      Hospitality
      $18,915,000
      Educational
      $21,295,000
      Residential Income
      $22,505,000
      Energy
      $19,755,000
      Income-Based Land
      $20,630,000
      Food Service
      $21,925,000

    Location Insight

    • Map
    • Local Demand
    City
    Muncie
    County
    Delaware
    State
    Indiana
    Longitude
    -85.4362
    Latitude
    40.2231
    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
    $248,181
    $1,166,500
    $10,523,700
    $11,690,200
    -
    $1,166,500
    $10,523,700
    $11,690,200

    Comparable in this City

    • Value Estimation
      $325,000
      2,144 SF

      3718 Wheeling Ave

      OFFICE (GENERAL) • 2,144 SF
      3718 Wheeling Ave, Muncie, IN 47304-1766
      View Details
    • Value Estimation
      $315,000
      5,796 SF

      3500 Wheeling Ave

      OFFICE (GENERAL) • 5,796 SF
      3500 Wheeling Ave, Muncie, IN 47304-2042
      View Details
    • Value Estimation by Request
      6,000 SF

      3000 White Riv Blvd

      OFFICE (GENERAL) • 6,000 SF
      3000 White Riv Blvd, Muncie, IN 47304-4537
      View Details
    • Value Estimation by Request
      8,700 SF

      3601 Everbrook Ln

      OFFICE (GENERAL) • 8,700 SF
      3601 Everbrook Ln, Muncie, IN 47304-5220
      View Details
    • Value Estimation
      $390,000
      7,096 SF

      3410 Fox Rdg Ln

      OFFICE (GENERAL) • 7,096 SF
      3410 Fox Rdg Ln, Muncie, IN 47304-5203
      View Details
    • Value Estimation
      $360,000
      2,400 SF

      5820 Kilgore Ave

      OFFICE (GENERAL) • 2,400 SF
      5820 Kilgore Ave, Muncie, IN 47304-4781
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Muncie Office Building For Sale

      Office building available for purchase in Muncie, Indiana.
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    • $750,000
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      Well-maintained office building in a prime commercial corridor.
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    Similar Nearby for Lease

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      Prime Muncie location, modern office, NNN lease.
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    • $14 SF/Yr
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      Muncie Retail Space with Drive-Thru

      Versatile commercial space with drive-thru, signage, and ample parking.
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    • $1,088 /Mo
      1,088 SF

      Muncie Co-Work Space Available

      Co-work space available on Muncie's Northwest side.
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    • $2,375 /Mo
      10,241 SF

      Muncie Retail or Office Space

      Retail or office space near Tillotson, IU Hospital, and Ball State.
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      View Details
    • $17 SF/Yr
      32,806 SF

      Muncie Commercial Space For Rent

      2,400 sqft space suitable for medical, office, or retail.
      4197 W Clara Ln, Muncie, IN 47304
      View Details
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    3701 Marleon Dr
    Muncie, IN 47304-7801
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    Realmo Value Estimation

    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.

    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.

    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
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