4221 W Bethel Ave
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4221 W Bethel Ave
10,159 SF Retail Building Muncie, IN 47304 $1,800,000 ($177/SF) 6.71% Cap Rate
Executive Summary
Excellent location across from Walmart, Lowes, Ollies and multiple Hotels. Fronts on Mcgalliard but access from Marleon Drive and Bethel Avenue. 2 acres Lease term 2028
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
10,159 SF
Building Class
C
Year Built
1999
Price
$1,800,000
Price Per SF
$177
Cap Rate
6.71%
NOI
$120,841
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
2.13 AC
Zoning
BV
Parking
70 Spaces (6.89 Spaces per 1,000 SF Leased)
Amenities
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 18-07-31-376-008.000-030 | Total Assessment | $797,900 |
| Land Assessment | $422,800 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $375,100 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
18-07-31-376-008.000-030
Land Assessment
$422,800
Improvements Assessment
$375,100
Total Assessment
$797,900
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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4221 W Bethel Ave
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