Technical
Financial
Distress signals
Property profile

703 W 13Th St Muncie, IN 47302

FOR SALE
Manufacturing properties
Property ID
US31-1450702
16,208 SF 1.5 ac lot Built 1988
Individually Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This industrial flex building has previously been configured for combined office, shop, and warehouse use, including shop and warehouse operating areas separated to support industrial workflows. The total building includes a 5,600 SF shop area divided by a fire wall and served by a 14 x 14 drive-in door, along with a 14 x 14 fire-rated overhead opening into the main warehouse and office. The building features additional fire-rated access, including a 14 x 14 internal 2-hour fire-rated overhead door and four exterior overhead doors (three measuring 14 x 14 and one measuring 9 x 10). Office areas include gas heat and central air, with restrooms and a kitchenette. The warehouse is equipped with radiant heat, two restrooms (one includes a shower), additional office space, and multiple storage rooms. Exterior site improvements include full fencing with three entry gates, and utilities are provided by municipal water and sewer plus a well. A Flex-Star roof system was installed in 2019. The building is designed with dedicated areas for shop operations and a separate warehouse/office layout, and it was previously used in connection with an ambulance service.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1988
Construction WOOD
Total area 16,208 SF
Lot 1.5 ac (65,340 SF)
APN 18-11-21-202-014.000-003
UPID US31-1450702

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
  • Freight Service Logistics Company

Location

703 W 13Th St Muncie, IN 47302
Muncie metro Census 1600 MUNCIE, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$340k

Owner & transaction history

since 2017
3 recorded transactions
2022
Price N/A
2017
Price N/A
2014
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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