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    406 Cox Ferry Rd Salem, IN 47167

    For Sale
    $1,300,000

    High-Occupancy Storage Facility, Great ROI

    Property size:
    22,894 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional investment opportunity presents a 140-unit storage complex ideally located at 406 Cox Ferry Road, Salem, Indiana. The property encompasses two acres and comprises four buildings constructed between 2018 and 2021. The complex boasts 22,894 square feet of rentable space, distributed across ten different unit sizes, offering a diverse range of options for renters. Currently operating at 98% occupancy, this facility presents significant value-add potential due to below-market rental rates. Modern, user-friendly software facilitates online signup and streamlined unit management, enhancing operational efficiency. A convenient QR code system further simplifies the rental process for tenants. Detailed building sizes, unit configurations, and an aerial view are available upon request. This property represents a strong investment opportunity with substantial upside potential in a thriving market. A second location is also available at 15400 Hwy 60 Borden, Indiana (MLS #2023012303), offering further expansion possibilities. The asking price for this Salem property is $1,300,000.

    Property Features for 406 Cox Ferry Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    22,894 SF
    Lot Size
    87,120 SF

    Building Details

    Year Built
    2021
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Washington
    State
    Indiana
    Longitude
    -86.1171
    Latitude
    38.61065

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    FAQs

    What type of property is this?
    Commercial real estate - High-Occupancy Storage Facility, Great ROI
    Where is this commercial real estate located?
    The property is located at 406 Cox Ferry Rd Salem, IN.
    What is the asking price?
    The asking price for this property is $1,300,000.
    (812) 944-7024
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    406 Cox Ferry Rd Salem, IN 47167
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    Salem, IN 47167
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    Realmo Value Estimation

    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.

    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.

    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
    406 Cox Ferry Rd Salem, IN 47167
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