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    Coral St Salem, IN 47167

    • Land
    For Lease
    View listing
    $65,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Coral St

    Property type
    Land

    Description

    This exceptional 1-acre commercial land parcel presents a unique investment opportunity in Salem. Ideally situated on a corner lot, this property boasts unparalleled visibility and accessibility, directly across from established businesses such as Taco Bell and Walmart, ensuring high traffic flow and significant brand exposure. The site's strategic location makes it perfect for a variety of commercial uses, particularly coffee shops or quick-service restaurants (QSRs) seeking a high-traffic location. The lease includes three contiguous parcels, offering flexibility in development and site planning. The property's zoning is designated as Commercial, simplifying the permitting process for suitable businesses. The combined parcels are identified by the following APNs: 88-24-16-221-005.000-022, 88-24-16-222-001.001-022, and 88-24-16-221-004.000-022. This is a single-tenant property, providing a clear and straightforward lease agreement. The cross street is Pearl. Don't miss this chance to secure a prime location in a thriving commercial area. Contact us today to learn more about this exceptional opportunity.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Hendricks
    State
    Indiana
    Longitude
    -86.084
    Latitude
    38.6162

    Comparable in this City

    • Value Estimation by Request
      1.16 Acres

      Coral St

      Land • 1.16 Acres
      0 Coral St, Salem, IN 47167
      View Details
    • Value Estimation by Request
      86.00 Acres

      86 +/- Acres Rush Crk Vly

      Land • 86.00 Acres
      86 +/- Acres Rush Crk Vly, Salem, IN 47167
      View Details
    • Value Estimation by Request
      21.29 Acres

      135 Salem Ave

      Land • 21.29 Acres
      135 Salem Ave, Salem, IN 47167
      View Details
    • Value Estimation by Request
      0.04 Acres

      Side Of Skylight Rd

      INDUSTRIAL - VACANT LAND • 0.04 Acres
      Side Of Skylight Rd, Salem, IN 47167
      View Details
    • Value Estimation by Request
      0.05 Acres

      62 Ee Aly

      VACANT COMMERCIAL LAND • 0.05 Acres
      62 Ee Aly, Salem, IN 47167
      View Details
    • Value Estimation by Request
      0.75 Acres

      Ns W Market St Sws Rr 345th 177

      VACANT COMMERCIAL LAND • 0.75 Acres
      Ns W Market St Sws Rr 345th 177, Salem, IN 47167
      View Details

    Similar Nearby for Sale

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      Salem Commercial Land - $650K

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    Coral St
    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
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