3621 Everbrook LnMuncie, IN 47304

Property Details for 3621 Everbrook Ln

Year built

1990

Construction

WOOD

Lot size

0.62 AC

Property size (Sq ft)

6,300 SF

Property type

Office properties

Property subtype

Other office properties

APN

18-07-31-426-011.000-003

APU

180731426011000003

Description

This exceptional Class A office space, totaling 1,000 square feet, is situated within a larger 6,300 square foot building at 3621 N Everbrook Lane, Suite 3, Muncie, Indiana, 47304. Built in 1990, the property boasts a single-tenant occupancy and is conveniently located off McGalliard Road, surrounded by thriving retail and restaurants, ensuring high visibility and foot traffic. The building itself is a single-story structure on a 0.63-acre lot (27,443 square feet), offering ample space and convenient access. The property features no elevators. This is a special purpose property, ideal for a business seeking a modern and accessible office space in a high-traffic area. The lease is a NNN (Net, Net, Net) lease. The APN is 18-07-31-426-011.000-003. This presents a fantastic opportunity for a business to establish a strong presence in a desirable Muncie location. The available space is immediately ready for occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $873,090

  6.5%

  $805,929

  7%

  $748,363

• Comparable approach

  Method

  Valuation

  Relative Method

  $725,817

  Geo Method

  $782,397

• Alternative Use

  Use

  Valuation

  Residential

  $999,352

  Hospitality

  $915,401

  Educational

  $761,603

  Medical

  $787,796

  Retail

  $1,184,716

Location Insight

City

Muncie

County

Delaware

State

Indiana

Latitude

40.2226

Longitude

-85.4272

CBSA code

34620

CBSA name

MUNCIE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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