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    Property profile & analytics

    4000 Wheeling Ave Muncie, IN 47304

    • Retail space
    • 3,360 SF
    • 0.30 lot acres
    OFF-MARKET
    Value Estimation
    $325,000
    Last Sale
    Mar 12, 2025
    Location Intelligence
    Property ID
    US31-2259612
    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

    • Retail space

    Property Details for 4000 Wheeling Ave

    Year built
    1965
    Construction
    WOOD
    Lot size
    0.30 lot acres
    Property size
    3,360 SF
    Property type
    Retail space
    APN
    18-07-32-429-002.000-003
    APU
    180732429002000003

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Muncie
    County
    Delaware
    State
    Indiana
    Longitude
    -85.4061
    Latitude
    40.2256
    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
    $5,263
    $104,500
    $59,800
    $164,300
    -
    $104,500
    $59,800
    $164,300

    Comparable in this City

    • Value Estimation
      $325,000
      3,858 SF

      4100 Wheeling Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,858 SF
      4100 Wheeling Ave, Muncie, IN 47304-1429
      View Details
    • Value Estimation
      $355,000
      1,470 SF

      3308 Wheeling Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,470 SF
      3308 Wheeling Ave, Muncie, IN 47304-2038
      View Details
    • Value Estimation
      $350,000
      3,442 SF

      5214 Kilgore Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,442 SF
      5214 Kilgore Ave, Muncie, IN 47304-4712
      View Details
    • Value Estimation
      $315,000
      3,816 SF

      3005 Oakwood Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,816 SF
      3005 Oakwood Ave, Muncie, IN 47304-2261
      View Details
    • Value Estimation
      $120,000
      3,333 SF

      4000 Jackson St

      RETAIL STORES (PERSONAL SERVICES) • 3,333 SF
      4000 Jackson St, Muncie, IN 47304-3609
      View Details
    • Value Estimation
      $350,000
      3,280 SF

      2808 Jackson St

      RETAIL STORES (PERSONAL SERVICES) • 3,280 SF
      2808 Jackson St, Muncie, IN 47304-4302
      View Details

    Similar Nearby for Sale

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      Retail Property for Sale

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    Similar Nearby for Lease

    • $12 SF/Yr
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      Versatile, move-in-ready space suitable for various businesses.
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      View Details
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      Versatile commercial space with drive-thru, signage, and ample parking.
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      Muncie Retail or Office Space

      Retail or office space near Tillotson, IU Hospital, and Ball State.
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    • Contact for pricing
      8,200 SF

      Retail Space in Muncie Corridor

      Retail space for lease in high-traffic Muncie location.
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    • $1,500 /Mo
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      Drive-Thru Restaurant Ready For Lease

      1364 SF drive-thru restaurant available for lease.
      3608 N Wheeling Ave, Muncie, IN 47304
      View Details
    • $17 SF/Yr
      32,806 SF

      Muncie Commercial Space For Rent

      Commercial space in Muncie, suitable for retail or medical use.
      4149 W Clara Ln, Muncie, IN 47304
      View Details
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    4000 Wheeling Ave
    Muncie, IN 47304
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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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