Property profile

501 Memorial Dr Muncie, IN 47302

OFF-MARKET
Manufacturing properties
Property ID
US31-2006544
40,284 SF 2.62 ac lot Built 1963
Individually Owned 2-yr Hold Free & Clear
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1963
Construction TYPE NOT SPECIFIED
Total area 40,284 SF
Lot 2.62 ac (114,127 SF)
APN 18-11-21-205-020.000-003
UPID US31-2006544

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
  • Credit Union
  • Post Office Logistics Service
  • Certification Agency Service Establishment

Location

501 Memorial Dr Muncie, IN 47302-7632
Muncie metro Census 1600 MUNCIE, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$815k

Owner & transaction history

since 2023
2 recorded transactions
2023
Price N/A
2009
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $2.8M +19.1%
Apartment house (5+ units) $2.6M +8.5%

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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