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Property profile & analytics
OFF-MARKET
Medical Office Space
5101 Bethel Ave, Muncie, IN 47304-8511
Entity Owned
5-yr Hold
Free & Clear
Property ID
US31-3238496
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2022
Construction
TYPE NOT SPECIFIED
Total area
25,346 SF
Lot
6.08 ac (264,845 SF)
APN
18-06-36-476-019.000-040
UPID
US31-3238496
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Muncie Investors LLC · 5 yrs held
Muncie Investors LLC
since 2020
Last sale
$300,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Muncie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Muncie submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$131,653
Tax year 2023
Assessed value
$4,218,900
Assessed 2023
Previous assessed
$4,218,900
+0.0% YoY
Effective rate
3.12%
On assessed value
Assessed land
$529,700
Assessed improvement
$3,689,200
Land market value
$529,700
Improvement market value
$3,689,200
Total market value
$4,218,900
Applied tax rate
40.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2022
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
25,346 SF
Lot
6.08 ac (264,845 SF)
APN
18-06-36-476-019.000-040
UPID
US31-3238496
Jurisdiction
DELAWARE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2022
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
6.08 ac
Current owner
From public records · entity-resolved
Muncie Investors LLC
Entity
Free & Clear · 5 yrs held
Mailing address
10201 N ILLINOIS ST STE #400, CARMEL, IN 46290-1153
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2022
—
Muncie Investors LLC
—
Deed
related
$4,100,000 · Country Life Insurance Co
Nov 17, 2020
$300,000
Muncie Investors LLC
Department Of Redevelopment
Warranty Deed
—
Jul 19, 2018
—
Brads Self Storage LLC
Department Of Redevelopment
Quit Claim Deed
related
—
May 19, 2017
—
Delaware County
Tracy L Navas
Deed
—
May 19, 2017
$300,000
Delaware County
Tracy L Navas
Foreclosure
related
—
Apr 14, 2015
—
Tracy Navas
Souders Trust
Warranty Deed
—
Dec 14, 2006
—
The Amy Ruth Etchison Revocable Tru
Michael J Etchison
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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