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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9609 Jackson St Muncie, IN 47304-9654

    • Warehouses
    • 4,352 SF
    • 0.77 lot acres
    OFF-MARKET
    Last Sale
    Aug 07, 2024
    Value Estimations
    $255,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-1692492
    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

    • Aul Brothers Tool & Die Inc / Machine Shop / Tool & Die Shop

    Property Details for 9609 Jackson St

    Year built
    1911
    Construction
    WOOD
    Lot size
    0.77 lot acres
    Property size
    4,352 SF
    Property type
    Warehouses
    APN
    18-10-03-351-001.000-032
    APU
    181003351001000032

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $255,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $375,000
      MEDICAL BUILDING
      $330,000
      COMMERCIAL (GENERAL)
      $280,000
      RETAIL STORES
      $260,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Muncie
    County
    Delaware
    State
    Indiana
    Longitude
    -85.4996
    Latitude
    40.2111
    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
    $2,501
    $26,900
    $55,100
    $82,000
    -
    $26,900
    $55,100
    $82,000

    Comparable in this City

    • Value Estimation
      $410,000
      6,600 SF

      5500 Wheeling Ave

      MINI-WAREHOUSE, STORAGE • 6,600 SF
      5500 Wheeling Ave, Muncie, IN 47304-5861
      View Details
    • Value Estimation
      $285,000
      7,480 SF

      1015 Perkins Ave

      WAREHOUSE, STORAGE • 7,480 SF
      1015 Perkins Ave, Muncie, IN 47304-4921
      View Details
    • Value Estimation
      $285,000
      11,070 SF

      1701 Kilgore Ave

      WAREHOUSE, STORAGE • 11,070 SF
      1701 Kilgore Ave, Muncie, IN 47304-4924
      View Details
    • Value Estimation
      $705,000
      27,643 SF

      Ww Kilgore Ave 9684th W Kilgore Ave

      WAREHOUSE, STORAGE • 27,643 SF
      Ww Kilgore Ave 9684th W Kilgore Ave, Muncie, IN 47304
      View Details
    • Value Estimation
      $260,000
      5,554 SF

      2280 Kilgore Ave

      STORAGE YARD, OPEN STORAGE • 5,554 SF
      2280 Kilgore Ave, Muncie, IN 47304-4918
      View Details
    • Value Estimation
      $465,000
      3,904 SF

      5105 Bradburn Dr

      MINI-WAREHOUSE, STORAGE • 3,904 SF
      5105 Bradburn Dr, Muncie, IN 47304-9415
      View Details

    Similar Nearby for Sale

    • $595,000

      McGalliard Road Industrial Land Parcel

      Prime Muncie Industrial Land, High Visibility
      2400 Mcgalliard Rd, Muncie, IN 47304
      View Details
    • $195,000
      25.26 Acres

      Muncie Industrial Land Investment

      25-Acre Industrial Land, Income Producing
      5400 Kilgore Ave, Muncie, IN 47304
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    • $400,000
      1.88 Acres

      Muncie Industrial Land - $400K

      1.88-acre industrial lot, prime location.
      0 Morrison Rd, Muncie, IN 47304
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    • $1,450,000
      16.00 Acres

      Yorktown Event Center & Estate

      16-Acre Estate, Successful Venue, $1.45M
      10510 Jackson St, Muncie, IN 47304
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    • $625,000
      7.00 Acres

      7-Acre Muncie Commercial Land

      Prime 7-acre lot, ideal commercial/residential development.
      1301 Nebo Rd, Muncie, IN 47304
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    • $540,000
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      Muncie Commercial Land - 9 Acres

      Prime 9-acre commercial lot, ideal for development.
      5020 Hessler Rd, Muncie, IN 47304
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    Similar Nearby for Lease

    • $1,500 /Mo
      1,364 SF

      Drive-Thru Restaurant Ready For Lease

      1364 SF drive-thru restaurant available for lease.
      3608 N Wheeling Ave, Muncie, IN 47304
      View Details
    • $1,088 /Mo
      1,088 SF

      Muncie Co-Work Space Available

      Co-work space available on Muncie's Northwest side.
      1714 W Royale Dr, Muncie, IN 47304
      View Details
    • $2,375 /Mo
      10,241 SF

      Muncie Retail or Office Space

      Retail or office space near Tillotson, IU Hospital, and Ball State.
      2902 W White River Blvd, Muncie, IN 47304
      View Details
    • $1,800 /Mo
      1,600 SF

      Muncie Retail Space with Drive-Thru

      1,600 SF commercial space with drive-thru in Muncie, IN.
      4801 N Wheeling Ave, Muncie, IN 47304
      View Details
    • $1,000 /Mo
      900 SF

      Corner Office Suite For Rent

      Corner office suite with utilities included and parking.
      2000 W Riggin Rd, Muncie, IN 47304
      View Details
    • $17 SF/Yr
      32,806 SF

      Muncie Commercial Space Available

      Versatile commercial space suitable for medical, office, or retail use.
      4197 W Clara Ln, Muncie, IN 47304
      View Details
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    9609 Jackson St
    Muncie, IN 47304-9654
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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