Property profile

7240 State Rd 3rd 3 Muncie, IN 47303

OFF-MARKET
Auto shops
Property ID
US31-3212429
9,060 SF 12.85 ac lot Built 2019
Entity Owned 1-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 2019
Construction WOOD
Total area 9,060 SF
Lot 12.85 ac (559,746 SF)
APN 18-07-23-300-020.000-006
UPID US31-3212429

Cap rate & NOI

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

Location

7240 State Rd 3rd 3 Muncie, IN 47303-9590
Muncie metro Census 2604 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
by Request
Blend (final) Blend
$370k

Owner & transaction history

since 2025
2 recorded transactions
2025
Price N/A
2017
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $820,000 +14.5%
Commercial (general) $800,000 +11.2%
Retail stores $770,000 +7.0%

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 7240 State Rd 3rd 3?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message