Property profile

5501 Bethel Ave Muncie, IN 47304

OFF-MARKET
Medical Office Space
Property ID
US31-2319245
22,443 SF 5.17 ac lot Built 1997
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1997
Construction WOOD
Total area 22,443 SF
Lot 5.17 ac (225,336 SF)
APN 18-06-36-402-004.000-040
UPID US31-2319245

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
  • Hospital
  • Physician
  • Physician
  • Pharmacy
  • Pediatrician Physician

Location

5501 Bethel Ave Muncie, IN 47304-8513
Muncie metro Census 2502 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
$1.77M
Blend (final) Blend
$1.90M

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Restaurant $2.1M +20.9%
Auto repair, garage $1.9M +14.0%

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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