Property profile

613 Mcgalliard Rd Muncie, IN 47303

OFF-MARKET
Strip malls
Property ID
US31-1804118
5,400 SF 0.16 ac lot Built 2007
Entity Owned 19-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional retail opportunity presents a 1,200 square foot space available for lease within a 5,400 square foot multi-tenant freestanding building in Muncie, Indiana. Located on East McGalliard Road, this property enjoys a high-visibility position in Muncie's main retail corridor, directly adjacent to a Super Target and sharing the strip center with T-Mobile. The building, constructed in 2007, features a single story and offers ample parking with 25 spaces. The available space is easily divisible, with a minimum leasable area of 1,200 square feet and a maximum contiguous space of 1,200 square feet. However, larger spaces can be combined for a total of 4,200 square feet. Benefit from excellent access via a signalized intersection and the opportunity for prominent monument signage. This location boasts significant foot traffic, with a daytime population exceeding 130,000 within a 5-mile radius, and is conveniently situated just 1.5 miles from Ball State University, adding to the substantial daytime population of over 22,500 students. The property sits on a 0.48-acre lot and has a total of one suite. Its proximity to central Indianapolis (65 miles) further enhances its appeal. The property's parcel numbers are 1103177009000, 1103177018000, and 1103177010000.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2007
Construction TYPE NOT SPECIFIED
Total area 5,400 SF
Lot 0.16 ac (6,900 SF)
APN 18-11-03-177-009.000-003
UPID US31-1804118

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

613 Mcgalliard Rd Muncie, IN 47303-2066
Muncie metro Census 1100 MUNCIE, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2006
1 recorded transaction
2006
Price N/A

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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