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    Property profile & analytics

    525 Mcgalliard Rd Muncie, IN 47303-2016

    • Retail space
    • 1,394 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimation
    $325,000
    Last Sale
    Aug 05, 2021
    Location Intelligence
    Property ID
    US31-1458762
    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

    • King of Smoke Shop & Perfume Hut / Tobacco Shop

    Property Details for 525 Mcgalliard Rd

    Year built
    1993
    Construction
    WOOD
    Lot size
    0.19 lot acres
    Property size
    1,394 SF
    Property type
    Retail space
    APN
    18-11-03-176-001.000-003
    APU
    181103176001000003

    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
    -85.3819
    Latitude
    40.2188
    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
    $7,888
    $99,900
    $151,900
    $251,800
    -
    $99,900
    $151,900
    $251,800

    Comparable in this City

    • Value Estimation by Request
      1.22 Acres

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    • Value Estimation by Request
      0.30 Acres

      4001 Broadway Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.30 Acres
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    • Value Estimation by Request
      0.10 Acres

      1404 Adj N Wheeling Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.10 Acres
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    • Value Estimation by Request

      417 Adj N Reserve St

      RETAIL STORES (PERSONAL SERVICES)
      417 Adj N Reserve St, Muncie, IN 47303
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    • Value Estimation by Request

      1308 Adj N Elm St

      RETAIL STORES (PERSONAL SERVICES)
      1308 Adj N Elm St, Muncie, IN 47303
      View Details
    • Value Estimation
      $215,000
      1,792 SF

      2905 Wheeling Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,792 SF
      2905 Wheeling Ave, Muncie, IN 47303-1651
      View Details

    Similar Nearby for Sale

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      McGalliard Road Retail Opportunity

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      Retail Property For Sale

      Retail building with portion leased until 2029.
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      NNN Leased Retail Property

      20-year absolute NNN lease retail property for sale.
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      Prime Commercial Land Opportunity

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    Similar Nearby for Lease

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    • Contact for pricing
      1,200 SF

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      Retail space available near Ball State University.
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    • $4 SF/Yr
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      Muncie Retail/Warehouse Space For Lease

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    • $12 SF/Yr
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      McGalliard Road Retail Space Available

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    • Contact for pricing
      17,060 SF

      Retail Space Near Ball State

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      View Details
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    525 Mcgalliard Rd
    Muncie, IN 47303-2016
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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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