5081 Hessler Rd Muncie, IN 47304-8960
Property Lookup
Property profile & analytics
5081 Hessler Rd Muncie, IN 47304-8960
- Medical Office Space
- 2,904 SF
- 0.81 lot acres
Property ID
US31-1539501
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.
Location Intelligence
Current Use by Public Records
- Affordable Dentures & Implants / Dental Office
- Scott Thole, DDS, FICOI, FAAIP / Dental Office
- Garrett Kenneth D DDS / Dental Office
- Mey John E DDS / Dental Office
- Tanbunan David DDS / Dental Office
Property Details for 5081 Hessler Rd
- Year built
- 1996
- Construction
- WOOD
- Lot size
- 0.81 lot acres
- Property size
- 2,904 SF
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 18-10-01-226-011.000-031
- APU
- 181001226011000031
Description
This single-tenant, 2,871 square foot storefront in Muncie, Indiana, presents a compelling investment opportunity. The property, located at 5081 Hessler Rd, boasts a 6.65% cap rate and a strong, long-term lease with Affordable Dentures, a tenant with a 28-year history at this location. The current lease, an NNN (Net Lease) agreement, extends through December 31, 2029, with two 5-year options at an 8% rent increase each. The building, constructed of all-brick, sits on a 0.75-acre lot with ample parking (40 spaces). The property benefits from high visibility on Route 332, a major east-west corridor, and proximity to significant retailers including Walmart, Meijer, and Menards. The low current rent of less than $18 per square foot (as of January 2025) provides significant upside potential. The tenant is responsible for parking lot maintenance, HVAC, and plumbing. The property's location near Ball State University (approximately 20,000 students) further enhances its appeal. This offering is ideal for 1031 exchange investors seeking a stable, high-yield investment with a proven tenant and significant remaining lease term. The asking price is $770,000, representing a price per square foot of $268.20. The property's NOI is $51,247.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Muncie
- County
- Delaware
- State
- Indiana
- Longitude
- -85.4454
- Latitude
- 40.2181
- 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
$14,114
$247,000
$201,200
$448,200
-
$247,000
$201,200
$448,200
